Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives $4.32 Average Target Price from Analysts

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have received a consensus rating of “Hold” from the six brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $4.32.

A number of equities analysts recently weighed in on AMBP shares. Citigroup lifted their price objective on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a “buy” rating in a research report on Thursday, July 3rd. Morgan Stanley boosted their target price on shares of Ardagh Metal Packaging from $3.50 to $4.10 and gave the stock an “equal weight” rating in a research report on Wednesday, June 25th. UBS Group decreased their target price on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 29th. Weiss Ratings restated a “hold (c)” rating on shares of Ardagh Metal Packaging in a research report on Saturday, September 27th. Finally, Wells Fargo & Company decreased their target price on shares of Ardagh Metal Packaging from $5.00 to $4.50 and set an “equal weight” rating on the stock in a research report on Monday, July 28th.

Ardagh Metal Packaging Trading Down 1.1%

Shares of NYSE:AMBP opened at $3.93 on Friday. The firm has a 50 day simple moving average of $3.78 and a 200-day simple moving average of $3.75. The company has a market capitalization of $2.35 billion, a PE ratio of -130.83, a P/E/G ratio of 1.39 and a beta of 0.56. Ardagh Metal Packaging has a twelve month low of $2.50 and a twelve month high of $4.78.

Ardagh Metal Packaging (NYSE:AMBP) last announced its earnings results on Thursday, July 24th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Ardagh Metal Packaging had a net margin of 0.13% and a negative return on equity of 76.86%. The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 EPS. As a group, equities research analysts predict that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Thursday, August 7th were given a $0.10 dividend. The ex-dividend date was Thursday, August 7th. This represents a $0.40 annualized dividend and a dividend yield of 10.2%. Ardagh Metal Packaging’s payout ratio is currently -1,333.33%.

Institutional Investors Weigh In On Ardagh Metal Packaging

Institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. boosted its position in shares of Ardagh Metal Packaging by 140.6% in the 1st quarter. SBI Securities Co. Ltd. now owns 9,173 shares of the company’s stock worth $28,000 after buying an additional 5,361 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in Ardagh Metal Packaging during the first quarter worth $33,000. Cerity Partners LLC purchased a new position in Ardagh Metal Packaging during the first quarter worth $43,000. Pallas Capital Advisors LLC purchased a new position in Ardagh Metal Packaging during the second quarter worth $43,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Ardagh Metal Packaging during the first quarter worth $43,000. 16.93% of the stock is currently owned by hedge funds and other 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.