Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives $4.08 Consensus Price Target from Brokerages

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have been given an average recommendation of “Hold” by the seven analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $4.08.

AMBP has been the subject of several recent analyst reports. Bank of America raised shares of Ardagh Metal Packaging from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $3.80 to $5.10 in a research report on Thursday, October 17th. UBS Group cut shares of Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $5.00 to $3.75 in a report on Wednesday, July 17th. Citigroup upped their price objective on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company upgraded Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $4.25 to $5.00 in a research note on Tuesday, October 15th.

Institutional Trading of Ardagh Metal Packaging

Several institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its holdings in Ardagh Metal Packaging by 0.5% during the third quarter. Janney Montgomery Scott LLC now owns 641,868 shares of the company’s stock worth $2,420,000 after purchasing an additional 3,290 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Ardagh Metal Packaging by 23.1% in the 3rd quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock worth $71,000 after buying an additional 3,515 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Ardagh Metal Packaging by 17.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the company’s stock valued at $113,000 after acquiring an additional 4,922 shares in the last quarter. nVerses Capital LLC lifted its holdings in Ardagh Metal Packaging by 70.4% during the third quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock worth $46,000 after acquiring an additional 5,000 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Ardagh Metal Packaging by 34.5% during the second quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock worth $66,000 after acquiring an additional 5,009 shares during the period. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Performance

Shares of AMBP opened at $3.68 on Tuesday. The firm’s fifty day simple moving average is $3.72 and its two-hundred day simple moving average is $3.69. Ardagh Metal Packaging has a 12 month low of $3.16 and a 12 month high of $4.26. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 124.21. The stock has a market capitalization of $2.20 billion, a P/E ratio of -30.63, a price-to-earnings-growth ratio of 0.88 and a beta of 0.62.

Ardagh Metal Packaging (NYSE:AMBP) last announced its earnings results on Thursday, October 24th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.34 billion. Ardagh Metal Packaging had a positive return on equity of 114.77% and a negative net margin of 1.02%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 EPS. As a group, analysts predict that Ardagh Metal Packaging will post 0.16 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 10.88%. The ex-dividend date is Thursday, December 5th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -333.33%.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging SA, together with its subsidiaries, supplies consumer metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine.