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

Ardagh Metal Packaging S.A. (NYSE:AMBP) has earned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $3.92.

AMBP has been the subject of several research reports. Citigroup increased their target price on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Bank of America downgraded Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $4.90 to $4.00 in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company upgraded Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $4.25 to $5.00 in a research report on Tuesday, October 15th.

Institutional Trading of Ardagh Metal Packaging

Large investors have recently bought and sold shares of the stock. Ballentine Partners LLC bought a new position in shares of Ardagh Metal Packaging during the third quarter valued at $42,000. Quarry LP bought a new position in Ardagh Metal Packaging during the 2nd quarter valued at about $45,000. nVerses Capital LLC boosted its position 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 in the last quarter. Principal Financial Group Inc. grew its stake in 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 buying an additional 5,009 shares during the last quarter. Finally, Signaturefd LLC increased its holdings 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 buying an additional 3,515 shares in the last quarter. 16.93% of the stock is currently owned by institutional investors.

Ardagh Metal Packaging Stock Down 1.3 %

Shares of AMBP stock opened at $3.02 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 firm has a market cap of $1.80 billion, a PE ratio of -25.16, a price-to-earnings-growth ratio of 0.78 and a beta of 0.61. The stock has a 50 day moving average of $3.62 and a 200-day moving average of $3.59.

Ardagh Metal Packaging (NYSE:AMBP) last released its earnings results on Thursday, October 24th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 EPS. On average, equities analysts predict that Ardagh Metal Packaging will post 0.16 EPS for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.10 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 13.25%. Ardagh Metal Packaging’s payout ratio is presently -333.33%.

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.