Analysts Set Ardagh Metal Packaging S.A. (NYSE:AMBP) PT at $4.08

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have earned a consensus rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $4.08.

Several equities research analysts have commented on the stock. Wells Fargo & Company raised shares of Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $4.25 to $5.00 in a report on Tuesday, October 15th. UBS Group cut shares of Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and dropped their price target for the company from $5.00 to $3.75 in a research note on Wednesday, July 17th. Citigroup lifted their price objective on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, Bank of America upgraded Ardagh Metal Packaging from an “underperform” rating to a “buy” rating and increased their target price for the stock from $3.80 to $5.10 in a research report on Thursday, October 17th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. King Street Capital Management L.P. purchased a new stake in Ardagh Metal Packaging during the second quarter valued at about $14,790,000. Squarepoint Ops LLC increased its position in shares of Ardagh Metal Packaging by 523.8% during the 2nd quarter. Squarepoint Ops LLC now owns 2,914,124 shares of the company’s stock valued at $10,568,000 after purchasing an additional 2,446,997 shares during the last quarter. Sona Asset Management US LLC purchased a new position in shares of Ardagh Metal Packaging during the 1st quarter valued at about $4,288,000. Renaissance Technologies LLC lifted its position in Ardagh Metal Packaging by 48.7% in the 2nd 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 last quarter. Finally, AQR Capital Management LLC boosted its stake in 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 buying an additional 258,067 shares in the last quarter. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Stock Down 1.2 %

AMBP opened at $3.68 on Tuesday. Ardagh Metal Packaging has a twelve month low of $3.16 and a twelve month high of $4.26. The company’s 50-day moving average price is $3.72 and its two-hundred day moving average price is $3.69. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of -30.63, a PEG ratio of 0.88 and a beta of 0.62. The company has a quick ratio of 0.66, a current ratio of 0.95 and a debt-to-equity ratio of 124.21.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.07 by $0.01. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.34 billion. Ardagh Metal Packaging had a positive return on equity of 114.77% and a negative net margin of 1.02%. Ardagh Metal Packaging’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 earnings per share. As a group, equities analysts expect that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 10.88%. The ex-dividend date is Thursday, December 5th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is currently -333.33%.

About Ardagh Metal Packaging

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.