Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives $4.08 Average Target Price from Analysts

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $4.08.

AMBP has been the subject of a number of recent research reports. Bank of America raised shares of Ardagh Metal Packaging from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $3.80 to $5.10 in a research note on Thursday, October 17th. Wells Fargo & Company raised shares of Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $4.25 to $5.00 in a research note on Tuesday, October 15th. Finally, Citigroup boosted their price objective on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd.

Hedge Funds Weigh In On Ardagh Metal Packaging

Several hedge funds have recently made changes to their positions in AMBP. Vanguard Group Inc. increased its position in shares of Ardagh Metal Packaging by 11.1% in the 1st quarter. Vanguard Group Inc. now owns 1,065,659 shares of the company’s stock valued at $3,655,000 after acquiring an additional 106,206 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Ardagh Metal Packaging by 7.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,225,983 shares of the company’s stock valued at $4,205,000 after acquiring an additional 80,600 shares during the period. Gabelli Funds LLC increased its position in shares of Ardagh Metal Packaging by 12.0% in the 1st quarter. Gabelli Funds LLC now owns 112,000 shares of the company’s stock valued at $384,000 after acquiring an additional 12,000 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Ardagh Metal Packaging in the 1st quarter valued at $91,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Ardagh Metal Packaging by 17.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the company’s stock valued at $113,000 after acquiring an additional 4,922 shares during the period. 16.93% of the stock is owned by institutional investors and hedge funds.

Ardagh Metal Packaging Stock Down 0.3 %

Shares of NYSE AMBP opened at $3.68 on Friday. The company has a debt-to-equity ratio of 124.21, a quick ratio of 0.88 and a current ratio of 1.17. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of -30.66, a PEG ratio of 0.91 and a beta of 0.62. The stock has a 50 day moving average price of $3.76 and a 200 day moving average price of $3.68. Ardagh Metal Packaging has a 52-week low of $3.16 and a 52-week high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.34 billion. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. Ardagh Metal Packaging’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 earnings per share. Sell-side analysts expect that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.87%. The ex-dividend date of this dividend is Thursday, December 5th. Ardagh Metal Packaging’s payout ratio is presently -333.31%.

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.