Brokerages Set Ardagh Metal Packaging S.A. (NYSE:AMBP) Target Price at $3.74

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) has been given a consensus recommendation of "Reduce" by the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $3.74.

AMBP has been the topic of several research reports. Wells Fargo & Company raised their price target on Ardagh Metal Packaging from $3.95 to $4.25 and gave the company an "equal weight" rating in a research note on Friday, July 26th. Citigroup raised their target price on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a "buy" rating in a research report on Wednesday. Finally, UBS Group cut shares of Ardagh Metal Packaging from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $5.00 to $3.75 in a research report on Wednesday, July 17th.

Ardagh Metal Packaging Trading Up 2.2 %

Ardagh Metal Packaging stock traded up $0.08 during trading hours on Friday, hitting $3.75. The company had a trading volume of 1,231,901 shares, compared to its average volume of 1,339,250. The company has a debt-to-equity ratio of 124.21, a quick ratio of 0.66 and a current ratio of 0.95. The firm has a market cap of $2.24 billion, a P/E ratio of -26.86, a P/E/G ratio of 0.78 and a beta of 0.62. The company has a 50-day moving average price of $3.54 and a two-hundred day moving average price of $3.63. Ardagh Metal Packaging has a 1 year low of $2.57 and a 1 year high of $4.17.

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

Ardagh Metal Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.67%. The ex-dividend date of this dividend was Thursday, September 12th. Ardagh Metal Packaging's payout ratio is currently -285.71%.

Institutional Investors Weigh In On Ardagh Metal Packaging

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Catalina Capital Group LLC purchased a new stake in shares of Ardagh Metal Packaging during the first quarter worth about $42,000. Quarry LP purchased a new stake in Ardagh Metal Packaging during the 2nd quarter worth approximately $45,000. Principal Financial Group Inc. increased its stake in Ardagh Metal Packaging by 34.5% during the 2nd 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. Gries Financial LLC acquired a new position in Ardagh Metal Packaging during the 2nd quarter valued at approximately $77,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Ardagh Metal Packaging during the first quarter worth $91,000. Hedge funds and other institutional investors own 16.93% of the company's stock.

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.