Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives $3.43 Consensus Price Target from Brokerages

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have been assigned an average recommendation of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $3.41.

AMBP has been the subject of several research analyst reports. Bank of America downgraded shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and reduced their price target for the company from $4.90 to $4.00 in a research report on Wednesday, December 11th. UBS Group decreased their target price on Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating for the company in a research report on Friday, January 10th. Morgan Stanley raised Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and dropped their price target for the company from $3.60 to $3.10 in a research report on Monday. Citigroup lowered their target price on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, Wells Fargo & Company dropped their target price on Ardagh Metal Packaging from $5.00 to $3.60 and set an “overweight” rating on the stock in a report on Monday, January 6th.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of hedge funds have recently modified their holdings of AMBP. Janney Montgomery Scott LLC increased its holdings in shares of 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 buying an additional 3,290 shares in the last quarter. Signaturefd LLC raised its position in Ardagh Metal Packaging by 23.1% in the 3rd quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock valued at $71,000 after purchasing an additional 3,515 shares during the last quarter. nVerses Capital LLC raised 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 purchasing an additional 5,000 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Ardagh Metal Packaging by 34.5% in 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. Finally, US Bancorp DE grew its holdings in shares of Ardagh Metal Packaging by 17.8% during the third quarter. US Bancorp DE now owns 39,978 shares of the company’s stock worth $151,000 after purchasing an additional 6,031 shares during the last quarter. 16.93% of the stock is owned by institutional investors and hedge funds.

Ardagh Metal Packaging Stock Down 2.5 %

AMBP stock opened at $2.75 on Friday. The firm’s 50-day moving average is $3.32 and its two-hundred day moving average is $3.51. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of -22.91, a price-to-earnings-growth ratio of 0.79 and a beta of 0.65. Ardagh Metal Packaging has a 52 week low of $2.66 and a 52 week high of $4.26. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 124.21.

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

Ardagh Metal Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 14.55%. The ex-dividend date was Thursday, December 5th. Ardagh Metal Packaging’s dividend payout ratio 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.