Ardagh Metal Packaging (NYSE:AMBP) Price Target Lowered to $4.00 at Citigroup

Ardagh Metal Packaging (NYSE:AMBP - Free Report) had its target price decreased by Citigroup from $4.50 to $4.00 in a research note released on Monday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Wells Fargo & Company decreased their target price on Ardagh Metal Packaging from $5.00 to $3.60 and set an "overweight" rating for the company in a research report on Monday. Bank of America lowered shares of Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and lowered their price objective for the stock from $4.90 to $4.00 in a research note on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Ardagh Metal Packaging currently has an average rating of "Hold" and an average target price of $3.65.

Ardagh Metal Packaging Trading Down 2.0 %

Shares of NYSE:AMBP traded down $0.06 on Monday, hitting $2.91. 2,427,768 shares of the company's stock were exchanged, compared to its average volume of 1,617,919. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of -24.25, a price-to-earnings-growth ratio of 0.79 and a beta of 0.65. Ardagh Metal Packaging has a 12 month low of $2.89 and a 12 month 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 business's 50 day simple moving average is $3.45 and its two-hundred day simple moving average is $3.55.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same period in the previous year, the company earned $0.06 EPS. The firm's quarterly revenue was up 1.5% on a year-over-year basis. Analysts anticipate that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.40 annualized dividend and a yield of 13.75%. Ardagh Metal Packaging's payout ratio is presently -333.33%.

Hedge Funds Weigh In On Ardagh Metal Packaging

Several hedge funds and other institutional investors have recently bought and sold shares of AMBP. King Street Capital Management L.P. acquired a new stake in Ardagh Metal Packaging during the 2nd quarter worth about $14,790,000. Renaissance Technologies LLC grew its position in shares of Ardagh Metal Packaging by 48.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,325,132 shares of the company's stock valued at $4,505,000 after acquiring an additional 433,700 shares during the period. HighTower Advisors LLC increased its stake in shares of Ardagh Metal Packaging by 106.7% in the 3rd quarter. HighTower Advisors LLC now owns 32,524 shares of the company's stock valued at $122,000 after purchasing an additional 16,786 shares in the last quarter. AQR Capital Management LLC raised its holdings in Ardagh Metal Packaging by 422.4% in the 2nd quarter. AQR Capital Management LLC now owns 319,165 shares of the company's stock worth $1,085,000 after purchasing an additional 258,067 shares during the period. Finally, Signaturefd LLC boosted its position in Ardagh Metal Packaging by 23.1% during the third quarter. Signaturefd LLC now owns 18,739 shares of the company's stock worth $71,000 after purchasing an additional 3,515 shares in the last quarter. Institutional investors and hedge funds own 16.93% of the company's stock.

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.