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

Ardagh Metal Packaging S.A. (NYSE:AMBP) has been given a consensus recommendation of “Reduce” by the six research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $4.31.

A number of brokerages recently commented on AMBP. Morgan Stanley initiated coverage on shares of Ardagh Metal Packaging in a research report on Monday, March 18th. They issued an “underweight” rating and a $3.20 target price on the stock. Bank of America lowered Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $4.10 to $3.50 in a research note on Monday, April 1st. Finally, Wells Fargo & Company boosted their price objective on 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 Trading Up 0.3 %

Shares of AMBP stock opened at $3.37 on Wednesday. The business has a 50-day moving average price of $3.85 and a two-hundred day moving average price of $3.68. Ardagh Metal Packaging has a 12-month low of $2.57 and a 12-month high of $4.17. The company has a quick ratio of 0.61, a current ratio of 0.95 and a debt-to-equity ratio of 124.21. The firm has a market cap of $2.01 billion, a P/E ratio of -24.07, a price-to-earnings-growth ratio of 0.56 and a beta of 0.62.

Ardagh Metal Packaging (NYSE:AMBP) last issued its earnings results on Thursday, April 25th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. Ardagh Metal Packaging had a positive return on equity of 55.91% and a negative net margin of 1.26%. Ardagh Metal Packaging’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 earnings per share. Equities analysts anticipate that Ardagh Metal Packaging will post 0.2 EPS for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 11.87%. The ex-dividend date of this dividend was Wednesday, June 12th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is currently -285.71%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMBP. Principle Wealth Partners LLC increased its position in shares of Ardagh Metal Packaging by 7.5% during the fourth quarter. Principle Wealth Partners LLC now owns 50,315 shares of the company’s stock valued at $193,000 after buying an additional 3,495 shares during the period. Bfsg LLC grew its holdings in shares of Ardagh Metal Packaging by 9.2% during the 4th quarter. Bfsg LLC now owns 48,275 shares of the company’s stock worth $185,000 after acquiring an additional 4,050 shares during the period. Price T Rowe Associates Inc. MD raised 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 worth $113,000 after acquiring an additional 4,922 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Ardagh Metal Packaging by 44.9% in the 4th quarter. Signaturefd LLC now owns 21,066 shares of the company’s stock valued at $81,000 after purchasing an additional 6,531 shares during the period. Finally, HB Wealth Management LLC boosted its position in shares of Ardagh Metal Packaging by 33.2% during the first quarter. HB Wealth Management LLC now owns 32,228 shares of the company’s stock valued at $111,000 after purchasing an additional 8,026 shares in the last quarter. 16.93% of the stock is currently owned by institutional investors.

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.