Ardagh Metal Packaging S.A. (NYSE:AMBP) Given Consensus Rating of “Hold” by Analysts

Ardagh Metal Packaging S.A. (NYSE:AMBP) has been given an average recommendation of “Hold” by the six brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $3.43.

Several research firms recently issued reports on AMBP. Bank of America downgraded shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $4.90 to $4.00 in a research note on Wednesday, December 11th. Wells Fargo & Company cut their price target on Ardagh Metal Packaging from $5.00 to $3.60 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Citigroup lowered their price objective on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, UBS Group cut their target price on Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating on the stock in a research report on Friday.

Ardagh Metal Packaging Stock Down 2.2 %

Shares of NYSE AMBP opened at $2.67 on Friday. The stock has a fifty day moving average price of $3.35 and a 200 day moving average price of $3.52. The company has a market cap of $1.60 billion, a P/E ratio of -22.25, a P/E/G ratio of 0.79 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. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 124.21.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $1.31 billion for 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 revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 EPS. Research analysts anticipate that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 14.98%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is -333.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. King Street Capital Management L.P. bought a new position in Ardagh Metal Packaging in the second quarter worth about $14,790,000. HighTower Advisors LLC boosted its stake in Ardagh Metal Packaging by 106.7% during the 3rd quarter. HighTower Advisors LLC now owns 32,524 shares of the company’s stock valued at $122,000 after purchasing an additional 16,786 shares during the period. Renaissance Technologies LLC boosted its position in shares of Ardagh Metal Packaging by 48.7% during the second quarter. Renaissance Technologies LLC now owns 1,325,132 shares of the company’s stock worth $4,505,000 after buying an additional 433,700 shares during the period. AQR Capital Management LLC grew its stake in shares of Ardagh Metal Packaging by 422.4% in the second quarter. AQR Capital Management LLC now owns 319,165 shares of the company’s stock worth $1,085,000 after purchasing an additional 258,067 shares in the last quarter. Finally, Signaturefd LLC grew its position in Ardagh Metal Packaging by 23.1% in the 3rd quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock valued at $71,000 after buying an additional 3,515 shares in the last quarter. 16.93% of the stock is owned by institutional investors and hedge funds.

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.