Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives Average Rating of “Hold” from Analysts

Ardagh Metal Packaging S.A. (NYSE:AMBP) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $3.92.

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

Ardagh Metal Packaging Stock Up 1.0 %

AMBP stock opened at $3.06 on Wednesday. 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 company has a 50-day moving average of $3.65 and a two-hundred day moving average of $3.60. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -25.50, a price-to-earnings-growth ratio of 0.78 and a beta of 0.61. Ardagh Metal Packaging has a 52-week low of $2.98 and a 52-week high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP) last released its earnings results on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm posted $0.06 EPS. The company’s revenue was up 1.5% on a year-over-year basis. As a group, equities research analysts anticipate that Ardagh Metal Packaging will post 0.16 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.10 dividend. The ex-dividend date was Thursday, December 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 13.07%. Ardagh Metal Packaging’s payout ratio is presently -333.33%.

Institutional Trading of Ardagh Metal Packaging

A number of large investors have recently bought and sold shares of the stock. Citigroup Inc. boosted its stake in shares of Ardagh Metal Packaging by 15,834.1% in the 3rd quarter. Citigroup Inc. now owns 5,104,806 shares of the company’s stock valued at $19,245,000 after purchasing an additional 5,072,769 shares in the last quarter. King Street Capital Management L.P. bought a new stake in Ardagh Metal Packaging during the second quarter worth about $14,790,000. Squarepoint Ops LLC increased its holdings in shares of Ardagh Metal Packaging by 523.8% during the second quarter. Squarepoint Ops LLC now owns 2,914,124 shares of the company’s stock worth $10,568,000 after buying an additional 2,446,997 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Ardagh Metal Packaging by 37.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,778,166 shares of the company’s stock valued at $6,704,000 after acquiring an additional 489,146 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Ardagh Metal Packaging by 48.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,325,132 shares of the company’s stock worth $4,505,000 after acquiring an additional 433,700 shares in the last quarter. 16.93% of the stock is currently owned by institutional investors.

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.