Ardagh Metal Packaging S.A. (NYSE:AMBP) Given Average Recommendation of “Hold” by Brokerages

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $4.08.

AMBP has been the topic of a number of recent research reports. Bank of America upgraded shares of Ardagh Metal Packaging from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $3.80 to $5.10 in a report on Thursday, October 17th. Citigroup lifted their price target on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company upgraded shares of Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $4.25 to $5.00 in a report on Tuesday, October 15th.

Ardagh Metal Packaging Stock Performance

Shares of Ardagh Metal Packaging stock opened at $3.72 on Friday. Ardagh Metal Packaging has a fifty-two week low of $3.16 and a fifty-two week high of $4.26. The company has a debt-to-equity ratio of 124.21, a current ratio of 1.17 and a quick ratio of 0.88. The firm has a market capitalization of $2.22 billion, a P/E ratio of -31.00, a P/E/G ratio of 0.88 and a beta of 0.62. The company’s 50 day moving average price is $3.76 and its two-hundred day moving average price is $3.68.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.34 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. Ardagh Metal Packaging’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 earnings per share. On average, equities analysts forecast that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.10 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.40 annualized dividend and a yield of 10.75%. Ardagh Metal Packaging’s payout ratio is -333.31%.

Institutional Investors Weigh In On Ardagh Metal Packaging

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in Ardagh Metal Packaging by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,784,882 shares of the company’s stock valued at $6,729,000 after purchasing an additional 11,963 shares in the last quarter. XTX Topco Ltd bought a new stake in Ardagh Metal Packaging in the third quarter valued at $389,000. EP Wealth Advisors LLC increased its stake in Ardagh Metal Packaging by 99.0% in the third quarter. EP Wealth Advisors LLC now owns 49,916 shares of the company’s stock valued at $188,000 after purchasing an additional 24,832 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Ardagh Metal Packaging by 99.5% during the third quarter. Point72 Asset Management L.P. now owns 284,375 shares of the company’s stock worth $1,072,000 after acquiring an additional 141,850 shares in the last quarter. Finally, Millburn Ridgefield Corp bought a new stake in shares of Ardagh Metal Packaging during the third quarter worth about $124,000. 16.93% of the stock is owned by 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.