Analysts Set Ardagh Metal Packaging S.A. (NYSE:AMBP) PT at $3.43

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) have received a consensus rating of "Hold" from the six brokerages that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $3.43.

Several equities research analysts have issued reports on AMBP shares. Citigroup cut their price target on Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating for the company in a report on Monday, January 6th. UBS Group lowered their target price on Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating for the company in a research note on Friday. Bank of America downgraded Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and lowered their target price for the stock from $4.90 to $4.00 in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company lowered their price objective on Ardagh Metal Packaging from $5.00 to $3.60 and set an "overweight" rating for the company in a research note on Monday, January 6th.

Hedge Funds Weigh In On Ardagh Metal Packaging

Hedge funds have recently made changes to their positions in the business. CWA Asset Management Group LLC boosted its holdings in Ardagh Metal Packaging by 19.7% in the fourth quarter. CWA Asset Management Group LLC now owns 105,699 shares of the company's stock worth $318,000 after acquiring an additional 17,427 shares in the last quarter. JPMorgan Chase & Co. increased its position in Ardagh Metal Packaging by 195.3% during the third quarter. JPMorgan Chase & Co. now owns 196,979 shares of the company's stock valued at $743,000 after acquiring an additional 130,264 shares during the last quarter. Geode Capital Management LLC increased its position 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 worth $6,729,000 after buying an additional 11,963 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Ardagh Metal Packaging in the third quarter worth about $389,000. Finally, EP Wealth Advisors LLC raised its stake in shares of Ardagh Metal Packaging by 99.0% in the third quarter. EP Wealth Advisors LLC now owns 49,916 shares of the company's stock worth $188,000 after buying an additional 24,832 shares during the period. 16.93% of the stock is owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Stock Down 2.2 %

NYSE AMBP traded down $0.06 during trading on Friday, reaching $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 business has a 50-day moving average price of $3.35 and a 200-day moving average price of $3.52. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 124.21. Ardagh Metal Packaging has a 1-year low of $2.66 and a 1-year high of $4.26. The stock has a market capitalization of $1.60 billion, a PE ratio of -22.25, a PEG ratio of 0.79 and a beta of 0.65.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. The firm 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%. The company's revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. On average, research analysts forecast that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.40 dividend on an annualized basis and a yield of 14.98%. Ardagh Metal Packaging's dividend payout ratio (DPR) is currently -333.33%.

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.