Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives $3.92 Average Target Price from Analysts

Ardagh Metal Packaging S.A. (NYSE:AMBP) has earned an average recommendation of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $3.92.

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $4.25 to $5.00 in a report on Tuesday, October 15th. Bank of America downgraded Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $4.90 to $4.00 in a research note on Wednesday, December 11th. Finally, Citigroup raised their price objective on Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Wednesday, October 2nd.

Institutional Trading of Ardagh Metal Packaging

Large investors have recently added to or reduced their stakes in the company. Ballentine Partners LLC acquired a new stake in shares of Ardagh Metal Packaging in the third quarter valued at $42,000. nVerses Capital LLC increased its position in Ardagh Metal Packaging by 70.4% in the 3rd quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock valued at $46,000 after acquiring an additional 5,000 shares in the last quarter. Quarry LP acquired a new stake in Ardagh Metal Packaging in the 2nd quarter valued at about $45,000. Signaturefd LLC raised its stake in shares of Ardagh Metal Packaging by 23.1% in the third quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock worth $71,000 after acquiring an additional 3,515 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of 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 purchasing an additional 5,009 shares in the last quarter. 16.93% of the stock is owned by institutional investors.

Ardagh Metal Packaging Stock Performance

Shares of Ardagh Metal Packaging stock opened at $3.06 on Wednesday. Ardagh Metal Packaging has a 12 month low of $2.98 and a 12 month high of $4.26. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 124.21. The stock has a market cap of $1.83 billion, a PE ratio of -25.50, a price-to-earnings-growth ratio of 0.78 and a beta of 0.61. The business has a fifty day simple moving average of $3.65 and a 200-day simple moving average of $3.61.

Ardagh Metal Packaging (NYSE:AMBP) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm posted $0.06 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis. On average, sell-side analysts anticipate that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 13.07%. The ex-dividend date was Thursday, December 5th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is -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.