Brokerages Set Ardagh Metal Packaging S.A. (NYSE:AMBP) Price Target at $4.31

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

Several analysts have recently weighed in on the company. Wells Fargo & Company lifted 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. Bank of America lowered shares of Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $4.10 to $3.50 in a report on Monday, April 1st. Morgan Stanley began coverage on shares of Ardagh Metal Packaging in a research report on Monday, March 18th. They issued an “underweight” rating and a $3.20 price objective for the company. Truist Financial reaffirmed a “hold” rating and set a $3.00 price target (down previously from $4.00) on shares of Ardagh Metal Packaging in a research note on Monday, February 26th. Finally, UBS Group initiated coverage on Ardagh Metal Packaging in a report on Tuesday, January 16th. They issued a “buy” rating and a $5.00 price target for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AMBP. SG Americas Securities LLC increased its position in shares of Ardagh Metal Packaging by 42.9% during the first quarter. SG Americas Securities LLC now owns 103,840 shares of the company’s stock worth $356,000 after purchasing an additional 31,156 shares in the last quarter. Catalina Capital Group LLC purchased a new position in Ardagh Metal Packaging during the 1st quarter worth $42,000. Janney Montgomery Scott LLC increased its position in Ardagh Metal Packaging by 5.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 670,124 shares of the company’s stock valued at $2,299,000 after buying an additional 37,492 shares in the last quarter. HB Wealth Management LLC raised its stake in Ardagh Metal Packaging by 33.2% in the first quarter. HB Wealth Management LLC now owns 32,228 shares of the company’s stock valued at $111,000 after buying an additional 8,026 shares during the last quarter. Finally, Capital Investment Advisory Services LLC boosted its holdings in Ardagh Metal Packaging by 181.2% in the first quarter. Capital Investment Advisory Services LLC now owns 47,800 shares of the company’s stock worth $164,000 after acquiring an additional 30,800 shares in the last quarter. Hedge funds and other institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Performance

Ardagh Metal Packaging stock opened at $4.04 on Tuesday. Ardagh Metal Packaging has a 1-year low of $2.57 and a 1-year high of $4.17. The company’s 50-day moving average is $3.56 and its 200 day moving average is $3.64. The firm has a market capitalization of $2.41 billion, a P/E ratio of -28.86, a price-to-earnings-growth ratio of 0.82 and a beta of 0.65. The company has a debt-to-equity ratio of 124.21, a current ratio of 0.95 and a quick ratio of 0.61.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.01 earnings per share for the quarter, hitting 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 firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business posted $0.01 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Research analysts forecast that Ardagh Metal Packaging will post 0.17 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 9.90%. The ex-dividend date is Wednesday, June 12th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is -285.69%.

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.