Ardagh Metal Packaging S.A. (NYSE:AMBP) Given Average Recommendation of “Reduce” by Analysts

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have received a consensus rating of “Reduce” from the six brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $4.31.

Several brokerages recently weighed in on AMBP. Morgan Stanley initiated coverage on Ardagh Metal Packaging in a research note on Monday, March 18th. They set an “underweight” rating and a $3.20 target price for the company. UBS Group initiated coverage on shares of Ardagh Metal Packaging in a report on Tuesday, January 16th. They issued a “buy” rating and a $5.00 target price on the stock. Barclays cut Ardagh Metal Packaging from an “overweight” rating to an “equal weight” rating and set a $4.00 price target for the company. in a report on Monday, January 8th. Wells Fargo & Company boosted their target price on Ardagh Metal Packaging from $3.70 to $3.75 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Finally, Bank of America lowered shares of Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $4.10 to $3.50 in a report on Monday, April 1st.

Ardagh Metal Packaging Stock Performance

AMBP stock opened at $3.99 on Tuesday. The company has a debt-to-equity ratio of 124.21, a quick ratio of 0.61 and a current ratio of 0.95. Ardagh Metal Packaging has a 52 week low of $2.57 and a 52 week high of $4.17. The firm has a 50 day simple moving average of $3.50 and a 200 day simple moving average of $3.61. The stock has a market cap of $2.38 billion, a P/E ratio of -28.50, a P/E/G ratio of 0.82 and a beta of 0.65.

Ardagh Metal Packaging (NYSE:AMBP) last posted its earnings results on Thursday, April 25th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. Ardagh Metal Packaging had a positive return on equity of 55.91% and a negative net margin of 1.26%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company earned $0.01 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. Research analysts anticipate that Ardagh Metal Packaging will post 0.17 earnings per share for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be given a $0.10 dividend. The ex-dividend date is Wednesday, June 12th. This represents a $0.40 annualized dividend and a yield of 10.03%. Ardagh Metal Packaging’s dividend payout ratio is currently -285.71%.

Hedge Funds Weigh In On Ardagh Metal Packaging

Several hedge funds have recently made changes to their positions in AMBP. Wedmont Private Capital acquired a new stake in Ardagh Metal Packaging in the 4th quarter valued at about $39,000. Fidelis Capital Partners LLC bought a new position in shares of Ardagh Metal Packaging during the fourth quarter valued at $46,000. Prime Capital Investment Advisors LLC bought a new position in Ardagh Metal Packaging during the 4th quarter worth $47,000. Catalina Capital Group LLC acquired a new stake in Ardagh Metal Packaging during the 1st quarter valued at approximately $42,000. Finally, Greenwich Wealth Management LLC boosted its position in Ardagh Metal Packaging by 29.7% during the third quarter. Greenwich Wealth Management LLC now owns 14,780 shares of the company’s stock valued at $46,000 after acquiring an additional 3,388 shares during the last quarter. 16.93% of the stock is owned by institutional investors.

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.