Brokerages Set Ardagh Metal Packaging S.A. (NYSE:AMBP) Price Target at $3.67

Ardagh Metal Packaging S.A. (NYSE:AMBP) has received an average rating of “Reduce” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $3.67.

AMBP has been the topic of several recent research reports. Citigroup lowered their price target on shares of 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. Wells Fargo & Company boosted their target price on shares of Ardagh Metal Packaging from $3.95 to $4.25 and gave the company an “equal weight” rating in a report on Friday, July 26th. Finally, UBS Group downgraded shares of Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and cut their price target for the stock from $5.00 to $3.75 in a report on Wednesday, July 17th.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of hedge funds have recently made changes to their positions in the stock. Catalina Capital Group LLC purchased a new position in shares of Ardagh Metal Packaging during the first quarter worth $42,000. Quarry LP purchased a new position in Ardagh Metal Packaging during the 2nd quarter valued at about $45,000. Fidelis Capital Partners LLC acquired a new position in Ardagh Metal Packaging in the 4th quarter valued at about $46,000. Balentine LLC purchased a new stake in Ardagh Metal Packaging during the fourth quarter worth about $64,000. Finally, Principal Financial Group Inc. increased its stake in Ardagh Metal Packaging by 34.5% during the second quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock worth $66,000 after purchasing an additional 5,009 shares during the period. Hedge funds and other institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Performance

NYSE AMBP opened at $3.48 on Thursday. The company has a debt-to-equity ratio of 124.21, a current ratio of 0.95 and a quick ratio of 0.66. Ardagh Metal Packaging has a 1-year low of $2.57 and a 1-year high of $4.17. The company has a market cap of $2.08 billion, a PE ratio of -24.82, a price-to-earnings-growth ratio of 0.76 and a beta of 0.62. The stock’s 50 day simple moving average is $3.50 and its 200-day simple moving average is $3.61.

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

Ardagh Metal Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.51%. The ex-dividend date of this dividend is Thursday, September 12th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is -285.71%.

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.