Ardagh Metal Packaging S.A. (NYSE:AMBP) Given Consensus Rating of “Reduce” by Analysts

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have been given an average rating of “Reduce” by the six research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $4.31.

AMBP has been the subject of a number of analyst reports. Wells Fargo & Company upped their price objective on Ardagh Metal Packaging from $3.70 to $3.75 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Bank of America lowered shares of Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $4.10 to $3.50 in a research report on Monday, April 1st. Finally, Morgan Stanley assumed coverage on shares of Ardagh Metal Packaging in a report on Monday, March 18th. They issued an “underweight” rating and a $3.20 price target on the stock.

Ardagh Metal Packaging Stock Up 0.3 %

Shares of Ardagh Metal Packaging stock opened at $3.37 on Wednesday. The company has a debt-to-equity ratio of 124.21, a current ratio of 0.95 and a quick ratio of 0.61. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of -24.07, a PEG ratio of 0.56 and a beta of 0.62. The firm’s 50-day moving average is $3.85 and its two-hundred day moving average is $3.68. Ardagh Metal Packaging has a 1 year low of $2.57 and a 1 year high of $4.17.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Ardagh Metal Packaging had a negative net margin of 1.26% and a positive return on equity of 55.91%. Ardagh Metal Packaging’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 earnings per share. As a group, research analysts expect that Ardagh Metal Packaging will post 0.2 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 12th were issued a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.87%. Ardagh Metal Packaging’s dividend payout ratio is currently -285.71%.

Institutional Investors Weigh In On Ardagh Metal Packaging

A number of large investors have recently made changes to their positions in AMBP. Brightline Capital Management LLC acquired a new stake in Ardagh Metal Packaging during the 4th quarter worth about $8,582,000. Grizzlyrock Capital LLC purchased a new stake in Ardagh Metal Packaging in the fourth quarter valued at approximately $9,360,000. ING Groep NV boosted its position in Ardagh Metal Packaging by 548.0% in the fourth quarter. ING Groep NV now owns 1,756,000 shares of the company’s stock valued at $6,743,000 after buying an additional 1,485,000 shares during the last quarter. Wedmont Private Capital purchased a new position in Ardagh Metal Packaging during the 4th quarter worth approximately $39,000. Finally, Prime Capital Investment Advisors LLC purchased a new position in Ardagh Metal Packaging during the 4th quarter worth approximately $47,000. 16.93% of the stock is owned by hedge funds and other 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.