Brokerages Set Ardagh Metal Packaging S.A. (NYSE:AMBP) Target Price at $3.67

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) have earned an average rating of "Reduce" from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $3.67.

A number of research analysts have recently issued reports on AMBP shares. Citigroup cut their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating on the stock in a research report on Monday, July 8th. UBS Group downgraded Ardagh Metal Packaging from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $5.00 to $3.75 in a research report on Wednesday, July 17th. Finally, Wells Fargo & Company upped their target price on Ardagh Metal Packaging from $3.95 to $4.25 and gave the company an "equal weight" rating in a research report on Friday, July 26th.

Hedge Funds Weigh In On Ardagh Metal Packaging

Several institutional investors have recently made changes to their positions in AMBP. Catalina Capital Group LLC purchased a new stake in shares of Ardagh Metal Packaging during the first quarter worth $42,000. Quarry LP acquired a new stake in Ardagh Metal Packaging in the 2nd quarter valued at about $45,000. Balentine LLC purchased a new position in Ardagh Metal Packaging in the 4th quarter worth approximately $64,000. Principal Financial Group Inc. grew its position in shares of 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 purchasing an additional 5,009 shares in the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of Ardagh Metal Packaging in the fourth quarter valued at approximately $86,000. 16.93% of the stock is owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Trading Up 1.4 %

Shares of NYSE:AMBP traded up $0.05 during trading hours on Monday, hitting $3.58. 1,876,337 shares of the company's stock traded hands, compared to its average volume of 1,355,167. Ardagh Metal Packaging has a 1 year low of $2.57 and a 1 year high of $4.17. The firm has a market capitalization of $2.14 billion, a P/E ratio of -25.50, a price-to-earnings-growth ratio of 0.75 and a beta of 0.61. The business has a fifty day moving average price of $3.50 and a 200-day moving average price of $3.60. The company has a debt-to-equity ratio of 124.21, a current ratio of 0.95 and a quick ratio of 0.66.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its earnings results on Thursday, July 25th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.01. Ardagh Metal Packaging had a positive return on equity of 114.77% and a negative net margin of 1.02%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business earned $0.04 earnings per share. Ardagh Metal Packaging's revenue was up .3% on a year-over-year basis. Equities analysts expect that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.40 dividend on an annualized basis and a yield of 11.17%. Ardagh Metal Packaging's dividend payout ratio is presently -285.69%.

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.