Ardagh Metal Packaging (NYSE:AMBP - Free Report) had its price objective decreased by UBS Group from $4.25 to $2.75 in a research note issued to investors on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.
A number of other analysts have also commented on the company. Wells Fargo & Company decreased their price objective on Ardagh Metal Packaging from $5.00 to $3.60 and set an "overweight" rating on the stock in a research note on Monday. Bank of America downgraded shares of Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and dropped their target price for the stock from $4.90 to $4.00 in a research report on Wednesday, December 11th. Finally, Citigroup reduced their price objective on Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Ardagh Metal Packaging presently has an average rating of "Hold" and an average price target of $3.43.
Read Our Latest Report on AMBP
Ardagh Metal Packaging Price Performance
Shares of Ardagh Metal Packaging stock traded down $0.06 on Friday, hitting $2.67. The company's stock had a trading volume of 1,852,760 shares, compared to its average volume of 1,785,910. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -22.25, a price-to-earnings-growth ratio of 0.79 and a beta of 0.65. The firm has a fifty day moving average price of $3.35 and a 200-day moving average price of $3.52. The company has a debt-to-equity ratio of 124.21, a quick ratio of 0.88 and a current ratio of 1.17. Ardagh Metal Packaging has a 1 year low of $2.66 and a 1 year high of $4.26.
Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations 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%. The company's revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. As a group, sell-side analysts anticipate that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.
Ardagh Metal Packaging Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.10 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.40 annualized dividend and a dividend yield of 14.98%. Ardagh Metal Packaging's payout ratio is -333.33%.
Institutional Investors Weigh In On Ardagh Metal Packaging
A number of hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in shares of Ardagh Metal Packaging by 58.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 493,197 shares of the company's stock valued at $1,677,000 after purchasing an additional 182,906 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Ardagh Metal Packaging by 34.5% during the 2nd quarter. Principal Financial Group Inc. now owns 19,521 shares of the company's stock worth $66,000 after acquiring an additional 5,009 shares during the period. Rhumbline Advisers raised its position in shares of Ardagh Metal Packaging by 11.5% in the 2nd quarter. Rhumbline Advisers now owns 165,578 shares of the company's stock worth $563,000 after acquiring an additional 17,104 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Ardagh Metal Packaging by 14.3% in the 2nd quarter. American Century Companies Inc. now owns 215,156 shares of the company's stock valued at $732,000 after purchasing an additional 26,865 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Ardagh Metal Packaging by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 749,853 shares of the company's stock valued at $2,550,000 after purchasing an additional 15,637 shares during the period. 16.93% of the stock is currently owned by institutional investors.
Ardagh Metal Packaging Company Profile
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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.
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