Brokerages Set Ardagh Metal Packaging S.A. (NYSE:AMBP) PT at $4.08

Ardagh Metal Packaging S.A. (NYSE:AMBP) has been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $4.08.

Several research firms have commented on AMBP. Bank of America upgraded shares of Ardagh Metal Packaging from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $3.80 to $5.10 in a research note on Thursday, October 17th. Wells Fargo & Company raised Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $4.25 to $5.00 in a research note on Tuesday, October 15th. Finally, Citigroup increased their price target on Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Wednesday, October 2nd.

Ardagh Metal Packaging Trading Down 0.5 %

NYSE AMBP opened at $3.71 on Friday. The company has a debt-to-equity ratio of 124.21, a current ratio of 1.17 and a quick ratio of 0.88. The stock has a market capitalization of $2.22 billion, a P/E ratio of -30.91, a PEG ratio of 0.92 and a beta of 0.62. The firm’s 50-day moving average is $3.76 and its two-hundred day moving average is $3.68. Ardagh Metal Packaging has a 12 month low of $3.16 and a 12 month high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.08 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $1.34 billion. During the same period in the prior year, the business posted $0.06 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.10 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.78%. Ardagh Metal Packaging’s payout ratio is currently -333.31%.

Institutional Trading of Ardagh Metal Packaging

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMBP. Ballentine Partners LLC purchased a new stake in shares of Ardagh Metal Packaging in the 3rd quarter valued at about $42,000. Quarry LP purchased a new stake in Ardagh Metal Packaging in the second quarter valued at approximately $45,000. nVerses Capital LLC lifted its stake in Ardagh Metal Packaging by 70.4% in the third quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock valued at $46,000 after buying an additional 5,000 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Ardagh Metal Packaging by 34.5% in the second quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock valued at $66,000 after acquiring an additional 5,009 shares during the period. Finally, Signaturefd LLC grew its position in shares of Ardagh Metal Packaging by 23.1% during 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. Institutional investors and hedge funds own 16.93% of the company’s stock.

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.