Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives $4.22 Consensus Target Price from Analysts

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have been given an average rating of “Hold” by the seven analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $4.22.

Several research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 15th. UBS Group boosted their price objective on shares of Ardagh Metal Packaging from $3.75 to $4.00 and gave the stock a “neutral” rating in a report on Friday, October 24th. Raymond James Financial started coverage on Ardagh Metal Packaging in a research note on Wednesday, October 15th. They set a “market perform” rating on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ardagh Metal Packaging in a research note on Wednesday, October 8th.

Institutional Trading of Ardagh Metal Packaging

A number of large investors have recently made changes to their positions in AMBP. Northwestern Mutual Wealth Management Co. bought a new position in Ardagh Metal Packaging during the first quarter valued at approximately $33,000. Capital Investment Advisory Services LLC purchased a new stake in Ardagh Metal Packaging during the 3rd quarter valued at $40,000. Cerity Partners LLC purchased a new stake in Ardagh Metal Packaging during the 1st quarter valued at $43,000. Pallas Capital Advisors LLC bought a new position in shares of Ardagh Metal Packaging during the 2nd quarter valued at $43,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Ardagh Metal Packaging in the 1st quarter worth $43,000. 16.93% of the stock is currently owned by institutional investors.

Ardagh Metal Packaging Trading Down 0.1%

NYSE AMBP opened at $3.75 on Friday. Ardagh Metal Packaging has a 12 month low of $2.50 and a 12 month high of $4.78. The stock’s fifty day moving average price is $3.71 and its 200-day moving average price is $3.90. The stock has a market cap of $2.24 billion, a P/E ratio of -374.50, a P/E/G ratio of 1.15 and a beta of 0.55.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.39 billion. Ardagh Metal Packaging had a negative return on equity of 58.16% and a net margin of 0.30%.Ardagh Metal Packaging’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.08 EPS. As a group, analysts forecast that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 10.7%. Ardagh Metal Packaging’s payout ratio is -4,000.00%.

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.