Analysts Set Ardagh Metal Packaging S.A. (NYSE:AMBP) Price Target at $4.38

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $4.51.

Several research analysts have recently issued reports on AMBP shares. Wells Fargo & Company lowered their price target on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set an “equal weight” rating for the company in a report on Wednesday, October 15th. Raymond James Financial began coverage on Ardagh Metal Packaging in a research report on Wednesday, October 15th. They set a “market perform” rating on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Ardagh Metal Packaging in a research report on Wednesday, October 8th. Morgan Stanley set a $4.30 price target on Ardagh Metal Packaging in a report on Thursday, January 8th. Finally, UBS Group upped their price objective on Ardagh Metal Packaging from $4.00 to $4.25 and gave the company a “neutral” rating in a research note on Monday, January 12th.

Institutional Trading of Ardagh Metal Packaging

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pallas Capital Advisors LLC acquired a new position in shares of Ardagh Metal Packaging in the 2nd quarter valued at about $43,000. Signaturefd LLC increased its holdings in Ardagh Metal Packaging by 237.4% in the second quarter. Signaturefd LLC now owns 11,382 shares of the company’s stock worth $49,000 after purchasing an additional 8,009 shares in the last quarter. CWM LLC lifted its stake in Ardagh Metal Packaging by 9.6% in the second quarter. CWM LLC now owns 40,104 shares of the company’s stock valued at $172,000 after buying an additional 3,523 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Ardagh Metal Packaging by 538.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 645,792 shares of the company’s stock worth $2,764,000 after buying an additional 544,652 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in shares of Ardagh Metal Packaging during the 2nd quarter worth approximately $342,000. 16.93% of the stock is currently owned by institutional investors and hedge funds.

Ardagh Metal Packaging Trading Down 0.5%

AMBP stock opened at $4.37 on Friday. The firm has a 50-day moving average price of $3.97 and a 200-day moving average price of $3.92. Ardagh Metal Packaging has a 12 month low of $2.50 and a 12 month high of $4.78. The stock has a market capitalization of $2.61 billion, a P/E ratio of -437.00, a price-to-earnings-growth ratio of 0.97 and a beta of 0.55.

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

Ardagh Metal Packaging Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 3rd were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date was Monday, November 3rd. Ardagh Metal Packaging’s payout ratio is -4,000.00%.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging (NYSE: AMBP) is a global supplier of metal packaging solutions, specializing in the production of steel and aluminum beverage cans, food cans and ends. As a segment of the Ardagh Group, the company supports a broad range of food and beverage customers, including soft drink and craft beer producers, as well as food manufacturers requiring durable, recyclable packaging. Its product portfolio encompasses two‐piece and three‐piece cans, a variety of can ends and closures, and value‐added services such as custom lithography and decorating.

The company operates a network of manufacturing plants across North America and Europe, serving both regional and multinational clients.