Brokerages Set Ardagh Metal Packaging S.A. (NYSE:AMBP) PT at $4.31

Ardagh Metal Packaging S.A. (NYSE:AMBP) has received a consensus rating of “Reduce” from the six brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $4.31.

AMBP has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their target price on shares of Ardagh Metal Packaging from $3.70 to $3.75 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Morgan Stanley initiated coverage on Ardagh Metal Packaging in a research note on Monday, March 18th. They set an “underweight” rating and a $3.20 price objective on the stock. Finally, Bank of America lowered Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $4.10 to $3.50 in a research report on Monday, April 1st.

Institutional Investors Weigh In On Ardagh Metal Packaging

Several large investors have recently added to or reduced their stakes in AMBP. Principle Wealth Partners LLC increased its holdings in shares of Ardagh Metal Packaging by 7.5% in the 4th quarter. Principle Wealth Partners LLC now owns 50,315 shares of the company’s stock worth $193,000 after acquiring an additional 3,495 shares during the period. Bfsg LLC grew its position in Ardagh Metal Packaging by 9.2% in the 4th quarter. Bfsg LLC now owns 48,275 shares of the company’s stock worth $185,000 after purchasing an additional 4,050 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Ardagh Metal Packaging by 17.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,881 shares of the company’s stock valued at $113,000 after purchasing an additional 4,922 shares during the period. Signaturefd LLC raised its holdings in shares of Ardagh Metal Packaging by 44.9% during the fourth quarter. Signaturefd LLC now owns 21,066 shares of the company’s stock valued at $81,000 after buying an additional 6,531 shares during the last quarter. Finally, HB Wealth Management LLC boosted its position in shares of Ardagh Metal Packaging by 33.2% during the first quarter. HB Wealth Management LLC now owns 32,228 shares of the company’s stock worth $111,000 after buying an additional 8,026 shares during the period. 16.93% of the stock is owned by institutional investors and hedge funds.

Ardagh Metal Packaging Price Performance

AMBP stock opened at $3.40 on Wednesday. The stock’s 50 day moving average is $3.86 and its two-hundred day moving average is $3.69. Ardagh Metal Packaging has a 52-week low of $2.57 and a 52-week high of $4.17. The company has a market capitalization of $2.03 billion, a PE ratio of -24.28, a P/E/G ratio of 0.63 and a beta of 0.64. The company has a quick ratio of 0.61, a current ratio of 0.95 and a debt-to-equity ratio of 124.21.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Ardagh Metal Packaging had a negative net margin of 1.26% and a positive return on equity of 55.91%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm earned $0.01 earnings per share. The business’s revenue was up .9% compared to the same quarter last year. Analysts predict that Ardagh Metal Packaging will post 0.2 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Wednesday, June 12th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 11.76%. The ex-dividend date was Wednesday, June 12th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -285.69%.

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.