Analysts Set Ardagh Metal Packaging S.A. (NYSE:AMBP) PT at $4.22

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have been given a consensus rating of “Hold” by the seven brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $4.22.

Several equities analysts have recently weighed in on the stock. UBS Group raised their price target on shares of Ardagh Metal Packaging from $3.75 to $4.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ardagh Metal Packaging in a report on Wednesday, October 8th. Raymond James Financial initiated coverage on Ardagh Metal Packaging in a research report on Wednesday, October 15th. They set a “market perform” rating for the company. Finally, Wells Fargo & Company lowered their price target on Ardagh Metal Packaging from $4.50 to $4.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Bancorp USA Inc. acquired a new position in shares of Ardagh Metal Packaging during the 3rd quarter worth about $59,000. Jacobs Levy Equity Management Inc. grew its holdings in Ardagh Metal Packaging by 603.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,357,953 shares of the company’s stock worth $9,408,000 after purchasing an additional 2,022,889 shares during the period. PharVision Advisers LLC acquired a new position in Ardagh Metal Packaging during the third quarter worth approximately $248,000. Virtus Advisers LLC acquired a new position in Ardagh Metal Packaging during the third quarter worth approximately $209,000. Finally, Voleon Capital Management LP bought a new stake in Ardagh Metal Packaging in the third quarter valued at approximately $217,000. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Performance

Shares of AMBP stock opened at $3.73 on Friday. The company’s 50 day moving average price is $3.71 and its two-hundred day moving average price is $3.90. Ardagh Metal Packaging has a 52 week low of $2.50 and a 52 week high of $4.78. The company has a market capitalization of $2.23 billion, a P/E ratio of -372.50, a price-to-earnings-growth ratio of 1.15 and a beta of 0.55.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Ardagh Metal Packaging had a net margin of 0.30% and a negative return on equity of 58.16%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 EPS. Analysts forecast that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 3rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date was Monday, November 3rd. Ardagh Metal Packaging’s payout ratio is presently -4,000.00%.

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.