Brokerages Set Ardagh Metal Packaging S.A. (NYSE:AMBP) Target Price at $3.67

Ardagh Metal Packaging S.A. (NYSE:AMBP) has been given an average rating of “Reduce” by the seven ratings firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $3.67.

AMBP has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Ardagh Metal Packaging from $3.95 to $4.25 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Citigroup lowered their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Finally, UBS Group downgraded shares of Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $5.00 to $3.75 in a research report on Wednesday, July 17th.

Institutional Trading of Ardagh Metal Packaging

Hedge funds have recently bought and sold shares of the stock. Catalina Capital Group LLC acquired a new stake in shares of Ardagh Metal Packaging during the 1st quarter worth about $42,000. Quarry LP acquired a new stake in Ardagh Metal Packaging in the 2nd quarter valued at about $45,000. Balentine LLC bought a new position in shares of Ardagh Metal Packaging in the 4th quarter valued at about $64,000. Principal Financial Group Inc. boosted its stake in shares of Ardagh Metal Packaging by 34.5% in the 2nd quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock valued at $66,000 after purchasing an additional 5,009 shares during the last quarter. Finally, Gries Financial LLC bought a new position in shares of Ardagh Metal Packaging in the 2nd quarter valued at about $77,000. 16.93% of the stock is owned by institutional investors.

Ardagh Metal Packaging Stock Up 6.8 %

AMBP stock opened at $3.61 on Monday. The company’s 50 day simple moving average is $3.51 and its 200-day simple moving average is $3.60. The firm has a market capitalization of $2.16 billion, a PE ratio of -25.78, a P/E/G ratio of 0.75 and a beta of 0.61. Ardagh Metal Packaging has a 12 month low of $2.57 and a 12 month high of $4.17. The company has a debt-to-equity ratio of 124.21, a current ratio of 0.95 and a quick ratio of 0.66.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. Ardagh Metal Packaging had a negative net margin of 1.02% and a positive return on equity of 114.77%. Ardagh Metal Packaging’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 earnings per share. Equities analysts expect that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 11.08%. The ex-dividend date is Thursday, September 12th. Ardagh Metal Packaging’s dividend payout ratio is currently -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.