Analysts Set Ardagh Metal Packaging S.A. (NYSE:AMBP) Target Price at $4.08

Ardagh Metal Packaging S.A. (NYSE:AMBP) has earned an average rating of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $4.08.

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

Institutional Trading of Ardagh Metal Packaging

Hedge funds and other institutional investors have recently modified their holdings of the business. Citigroup Inc. grew its stake in Ardagh Metal Packaging by 15,834.1% in the 3rd quarter. Citigroup Inc. now owns 5,104,806 shares of the company’s stock valued at $19,245,000 after buying an additional 5,072,769 shares in the last quarter. King Street Capital Management L.P. bought a new position in shares of Ardagh Metal Packaging in the second quarter worth $14,790,000. Squarepoint Ops LLC grew its position in shares of Ardagh Metal Packaging by 523.8% in the second quarter. Squarepoint Ops LLC now owns 2,914,124 shares of the company’s stock valued at $10,568,000 after purchasing an additional 2,446,997 shares in the last quarter. Gilman Hill Asset Management LLC raised its stake in shares of Ardagh Metal Packaging by 1.3% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 1,805,704 shares of the company’s stock valued at $6,139,000 after purchasing an additional 23,458 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Ardagh Metal Packaging by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,784,882 shares of the company’s stock worth $6,729,000 after purchasing an additional 11,963 shares in the last quarter. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Trading Down 0.3 %

NYSE:AMBP opened at $3.69 on Friday. Ardagh Metal Packaging has a 52 week low of $3.16 and a 52 week high of $4.26. The firm has a 50-day moving average price of $3.76 and a two-hundred day moving average price of $3.68. The company has a debt-to-equity ratio of 124.21, a quick ratio of 0.88 and a current ratio of 1.17. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of -31.00, a price-to-earnings-growth ratio of 0.91 and a beta of 0.62.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings results 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 positive return on equity of 1,760.00% and a negative net margin of 0.99%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the business posted $0.06 earnings per share. Ardagh Metal Packaging’s revenue was up 1.5% on a year-over-year basis. On average, equities analysts expect 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 announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.40 dividend on an annualized basis and a yield of 10.84%. Ardagh Metal Packaging’s dividend payout ratio is presently -333.31%.

About Ardagh Metal Packaging

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.