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

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have been assigned a consensus recommendation of “Reduce” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four 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 covered the stock in the last year is $3.67.

Several analysts have recently weighed in on AMBP shares. UBS Group downgraded shares of Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $5.00 to $3.75 in a research report on Wednesday, July 17th. Wells Fargo & Company upped their price objective on shares of Ardagh Metal Packaging from $3.95 to $4.25 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, Citigroup cut their target price on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Monday, July 8th.

Ardagh Metal Packaging Stock Performance

Shares of AMBP stock opened at $3.53 on Monday. Ardagh Metal Packaging has a 12 month low of $2.57 and a 12 month high of $4.17. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 124.21. The company has a market cap of $2.11 billion, a P/E ratio of -25.21, a PEG ratio of 0.78 and a beta of 0.61. The firm has a fifty day moving average price of $3.50 and a 200 day moving average price of $3.60.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Ardagh Metal Packaging had a positive return on equity of 114.77% and a negative net margin of 1.02%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business posted $0.04 EPS. The business’s revenue for the quarter was up .3% on a year-over-year basis. Sell-side analysts predict that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 11.33%. The ex-dividend date is Thursday, September 12th. Ardagh Metal Packaging’s dividend payout ratio is presently -285.71%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its position in 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 valued at $113,000 after buying an additional 4,922 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Ardagh Metal Packaging by 34.5% in the second quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock valued at $66,000 after acquiring an additional 5,009 shares in the last quarter. HB Wealth Management LLC boosted its holdings in shares of Ardagh Metal Packaging by 33.2% in the first quarter. HB Wealth Management LLC now owns 32,228 shares of the company’s stock valued at $111,000 after acquiring an additional 8,026 shares in the last quarter. Keeley Teton Advisors LLC increased its stake in shares of Ardagh Metal Packaging by 0.5% during the first quarter. Keeley Teton Advisors LLC now owns 1,695,498 shares of the company’s stock worth $5,816,000 after acquiring an additional 8,433 shares during the period. Finally, NBC Securities Inc. raised its holdings in Ardagh Metal Packaging by 20.9% during the fourth quarter. NBC Securities Inc. now owns 61,297 shares of the company’s stock worth $235,000 after purchasing an additional 10,599 shares in the last quarter. 16.93% of the stock is currently owned by hedge funds and other 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.