Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives $3.63 Average PT from Brokerages

Ardagh Metal Packaging S.A. (NYSE:AMBP) has been given a consensus rating of “Reduce” by the seven analysts that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $3.67.

AMBP has been the subject of several research analyst reports. UBS Group lowered Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and cut their price objective for the company from $5.00 to $3.75 in a report on Wednesday, July 17th. Citigroup reduced their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Monday, July 8th. Bank of America downgraded shares of Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $4.10 to $3.50 in a report on Monday, April 1st. Finally, Wells Fargo & Company lifted their price target on shares of Ardagh Metal Packaging from $3.95 to $4.25 and gave the stock an “equal weight” rating in a research report on Friday.

Ardagh Metal Packaging Stock Down 0.5 %

AMBP stock opened at $3.64 on Friday. The firm’s 50-day moving average is $3.69 and its two-hundred day moving average is $3.65. The company has a current ratio of 0.95, a quick ratio of 0.61 and a debt-to-equity ratio of 124.21. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of -26.00, a price-to-earnings-growth ratio of 0.61 and a beta of 0.62. Ardagh Metal Packaging has a 52 week low of $2.57 and a 52 week high of $4.17.

Ardagh Metal Packaging (NYSE:AMBP) last announced its earnings results on Thursday, July 25th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Ardagh Metal Packaging had a positive return on equity of 81.02% and a negative net margin of 1.02%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.04 earnings per share. On average, analysts forecast that Ardagh Metal Packaging will post 0.17 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 10.99%. The ex-dividend date is Thursday, September 12th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is currently -285.69%.

Institutional Investors Weigh In On Ardagh Metal Packaging

A number of institutional investors have recently bought and sold shares of the business. Principle Wealth Partners LLC lifted its position in Ardagh Metal Packaging by 7.5% in the 4th quarter. Principle Wealth Partners LLC now owns 50,315 shares of the company’s stock worth $193,000 after buying an additional 3,495 shares in the last quarter. Bfsg LLC boosted its stake in shares of Ardagh Metal Packaging by 9.2% during the 4th quarter. Bfsg LLC now owns 48,275 shares of the company’s stock worth $185,000 after acquiring an additional 4,050 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Ardagh Metal Packaging by 17.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the company’s stock worth $113,000 after purchasing an additional 4,922 shares during the period. Signaturefd LLC grew its stake in Ardagh Metal Packaging by 44.9% in the 4th quarter. Signaturefd LLC now owns 21,066 shares of the company’s stock valued at $81,000 after buying an additional 6,531 shares during the last quarter. Finally, HB Wealth Management LLC grew its position in shares of Ardagh Metal Packaging by 33.2% in the first quarter. HB Wealth Management LLC now owns 32,228 shares of the company’s stock valued at $111,000 after purchasing an additional 8,026 shares during the last quarter. 16.93% of the stock is currently owned by institutional investors and hedge funds.

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.