Analysts Set Ardagh Metal Packaging S.A. (NYSE:AMBP) Target Price at $3.92

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) has earned a consensus rating of "Hold" from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $3.92.

A number of brokerages have commented on AMBP. Wells Fargo & Company raised Ardagh Metal Packaging from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $4.25 to $5.00 in a report on Tuesday, October 15th. Citigroup upped their price target on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Finally, Bank of America cut shares of Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and dropped their price objective for the stock from $4.90 to $4.00 in a research note on Wednesday, December 11th.

Institutional Trading of Ardagh Metal Packaging

Institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC grew its position in Ardagh Metal Packaging by 0.5% in the third quarter. Janney Montgomery Scott LLC now owns 641,868 shares of the company's stock valued at $2,420,000 after acquiring an additional 3,290 shares during the last quarter. Signaturefd LLC grew its position in Ardagh Metal Packaging by 23.1% in the third quarter. Signaturefd LLC now owns 18,739 shares of the company's stock valued at $71,000 after acquiring an additional 3,515 shares during the last quarter. nVerses Capital LLC grew its position in Ardagh Metal Packaging by 70.4% in the third quarter. nVerses Capital LLC now owns 12,100 shares of the company's stock valued at $46,000 after acquiring an additional 5,000 shares during the last quarter. Principal Financial Group Inc. grew its position in Ardagh Metal Packaging by 34.5% in the second quarter. Principal Financial Group Inc. now owns 19,521 shares of the company's stock valued at $66,000 after acquiring an additional 5,009 shares during the last quarter. Finally, US Bancorp DE grew its position in Ardagh Metal Packaging by 17.8% in the third quarter. US Bancorp DE now owns 39,978 shares of the company's stock valued at $151,000 after acquiring an additional 6,031 shares during the last quarter. 16.93% of the stock is currently owned by institutional investors.

Ardagh Metal Packaging Stock Performance

Ardagh Metal Packaging stock traded down $0.11 during midday trading on Wednesday, reaching $3.04. 1,588,796 shares of the company's stock were exchanged, compared to its average volume of 1,362,224. Ardagh Metal Packaging has a 52 week low of $3.02 and a 52 week high of $4.26. The company has a debt-to-equity ratio of 124.21, a quick ratio of 0.88 and a current ratio of 1.17. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of -25.33, a P/E/G ratio of 0.78 and a beta of 0.61. The stock's 50-day simple moving average is $3.68 and its 200 day simple moving average is $3.62.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted 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. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.34 billion. During the same quarter last year, the company posted $0.06 earnings per share. Ardagh Metal Packaging's quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts expect that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 13.16%. The ex-dividend date of this dividend is Thursday, December 5th. Ardagh Metal Packaging's payout ratio is presently -333.33%.

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.