Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives $4.31 Consensus Price Target from Analysts

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

A number of equities research analysts have commented on the stock. Truist Financial reissued a “hold” rating and set a $3.00 price objective (down previously from $4.00) on shares of Ardagh Metal Packaging in a report on Monday, February 26th. Morgan Stanley initiated coverage on shares of Ardagh Metal Packaging in a research report on Monday, March 18th. They set an “underweight” rating and a $3.20 target price on the stock. UBS Group initiated coverage on shares of Ardagh Metal Packaging in a research report on Tuesday, January 16th. They set a “buy” rating and a $5.00 target price on the stock. Barclays downgraded shares of Ardagh Metal Packaging from an “overweight” rating to an “equal weight” rating and set a $4.00 target price on the stock. in a research report on Monday, January 8th. Finally, Wells Fargo & Company upped their target price on shares of Ardagh Metal Packaging from $3.70 to $3.75 and gave the company an “equal weight” rating in a research report on Thursday, April 11th.

Ardagh Metal Packaging Stock Up 3.9 %

Shares of NYSE:AMBP opened at $3.46 on Friday. Ardagh Metal Packaging has a 12 month low of $2.57 and a 12 month high of $4.29. The company’s 50-day moving average price is $3.49 and its two-hundred day moving average price is $3.53. The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 34.34. The firm has a market cap of $2.07 billion, a P/E ratio of -28.83, a P/E/G ratio of 0.68 and a beta of 0.75.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Ardagh Metal Packaging had a positive return on equity of 38.48% and a negative net margin of 1.04%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the company earned $0.05 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. As a group, research analysts forecast that Ardagh Metal Packaging will post 0.18 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.40 annualized dividend and a yield of 11.56%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is currently -333.33%.

Institutional Trading of Ardagh Metal Packaging

Several hedge funds have recently bought and sold shares of the stock. Keeley Teton Advisors LLC grew its stake in shares of Ardagh Metal Packaging by 15.0% during the 3rd quarter. Keeley Teton Advisors LLC now owns 1,579,381 shares of the company’s stock worth $4,943,000 after acquiring an additional 206,295 shares in the last quarter. Aigen Investment Management LP grew its stake in shares of Ardagh Metal Packaging by 253.1% during the 3rd quarter. Aigen Investment Management LP now owns 55,497 shares of the company’s stock worth $174,000 after acquiring an additional 39,780 shares in the last quarter. Barclays PLC grew its stake in shares of Ardagh Metal Packaging by 53.0% during the 3rd quarter. Barclays PLC now owns 1,105,701 shares of the company’s stock worth $3,461,000 after acquiring an additional 383,081 shares in the last quarter. Wedmont Private Capital bought a new position in shares of Ardagh Metal Packaging during the 4th quarter worth approximately $39,000. Finally, BW Gestao de Investimentos Ltda. grew its stake in shares of Ardagh Metal Packaging by 771.2% during the 3rd quarter. BW Gestao de Investimentos Ltda. now owns 2,783,639 shares of the company’s stock worth $8,713,000 after acquiring an additional 2,464,105 shares in the last quarter. 16.93% of the stock is currently owned by institutional investors and hedge funds.

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.