Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have been assigned an average recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat reports. One equities research analyst has 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 target price among analysts that have issued a report on the stock in the last year is $3.37.

AMBP has been the topic of several analyst reports. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $3.35 target price (down from $3.60) on shares of Ardagh Metal Packaging in a report on Thursday. UBS Group cut their target price on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating for the company in a report on Friday, January 10th. Citigroup lowered their price target on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Bank of America cut shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and cut their price objective for the company from $4.90 to $4.00 in a report on Wednesday, December 11th. Finally, Morgan Stanley raised shares of Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $3.60 to $3.10 in a research note on Monday.

Ardagh Metal Packaging Trading Down 1.5 %

AMBP opened at $2.80 on Friday. The firm has a 50 day moving average of $3.30 and a two-hundred day moving average of $3.51. The firm has a market capitalization of $1.67 billion, a PE ratio of -23.30, a P/E/G ratio of 0.50 and a beta of 0.65. Ardagh Metal Packaging has a 12-month low of $2.66 and a 12-month high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP) last posted its 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 company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.34 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.06 earnings per share. As a group, analysts predict that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.40 annualized dividend and a dividend yield of 14.31%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -333.31%.

Institutional Investors Weigh In On Ardagh Metal Packaging

Several institutional investors have recently bought and sold shares of AMBP. Ballentine Partners LLC purchased a new position in shares of Ardagh Metal Packaging in the third quarter valued at approximately $42,000. nVerses Capital LLC raised its stake in Ardagh Metal Packaging by 70.4% in the 3rd quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock valued at $46,000 after purchasing an additional 5,000 shares during the last quarter. Quarry LP purchased a new position in Ardagh Metal Packaging in the 2nd quarter valued at $45,000. Signaturefd LLC boosted its stake in Ardagh Metal Packaging by 23.1% during the 3rd quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock worth $71,000 after purchasing an additional 3,515 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Ardagh Metal Packaging by 34.5% during the 2nd quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock worth $66,000 after purchasing an additional 5,009 shares during 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.