Ardagh Metal Packaging S.A. (NYSE:AMBP) Given Average Recommendation of “Hold” by Brokerages

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have received an average recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Two research 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 1 year target price among brokers that have issued a report on the stock in the last year is $3.92.

Several research firms recently weighed in on AMBP. Citigroup boosted their price objective on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company upgraded Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $4.25 to $5.00 in a research report on Tuesday, October 15th. Finally, Bank of America cut Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and decreased their price target for the company from $4.90 to $4.00 in a report on Wednesday, December 11th.

Ardagh Metal Packaging Stock Performance

Shares of NYSE:AMBP opened at $3.02 on Wednesday. The business has a fifty day moving average of $3.62 and a 200-day moving average of $3.59. The company has a debt-to-equity ratio of 124.21, a quick ratio of 0.88 and a current ratio of 1.17. Ardagh Metal Packaging has a twelve month low of $2.98 and a twelve month high of $4.26. The firm has a market cap of $1.80 billion, a PE ratio of -25.16, a price-to-earnings-growth ratio of 0.78 and a beta of 0.61.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The firm 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 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts predict that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors 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 yield of 13.25%. Ardagh Metal Packaging’s dividend payout ratio is presently -333.33%.

Hedge Funds Weigh In On Ardagh Metal Packaging

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its position in shares of Ardagh Metal Packaging by 58.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 493,197 shares of the company’s stock valued at $1,677,000 after acquiring an additional 182,906 shares during the period. Principal Financial Group Inc. raised its holdings 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 worth $66,000 after purchasing an additional 5,009 shares during the period. Essex Financial Services Inc. boosted its position in shares of Ardagh Metal Packaging by 29.3% during the second quarter. Essex Financial Services Inc. now owns 169,142 shares of the company’s stock worth $575,000 after purchasing an additional 38,290 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Ardagh Metal Packaging by 11.5% in the 2nd quarter. Rhumbline Advisers now owns 165,578 shares of the company’s stock valued at $563,000 after buying an additional 17,104 shares during the period. Finally, Gries Financial LLC bought a new stake in shares of Ardagh Metal Packaging in the 2nd quarter valued at $77,000. 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.