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

Ardagh Metal Packaging S.A. (NYSE:AMBP) has earned an average recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $4.08.

Several equities research analysts have commented on AMBP shares. Bank of America raised shares of Ardagh Metal Packaging from an “underperform” rating to a “buy” rating and upped their price target for the company from $3.80 to $5.10 in a report on Thursday, October 17th. Wells Fargo & Company raised shares of Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $4.25 to $5.00 in a research note on Tuesday, October 15th. Finally, Citigroup increased their target price on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AMBP. Ballentine Partners LLC acquired a new position in shares of Ardagh Metal Packaging during the 3rd quarter worth about $42,000. Quarry LP acquired a new position in shares of Ardagh Metal Packaging during the 2nd quarter worth about $45,000. nVerses Capital LLC raised its position in shares of Ardagh Metal Packaging by 70.4% during the 3rd quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock worth $46,000 after purchasing an additional 5,000 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Ardagh Metal Packaging by 34.5% during the 2nd 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 last quarter. Finally, Signaturefd LLC raised its position in shares of Ardagh Metal Packaging by 23.1% during the 3rd quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock worth $71,000 after purchasing an additional 3,515 shares during the last quarter. Institutional investors and hedge funds own 16.93% of the company’s stock.

Ardagh Metal Packaging Price Performance

NYSE:AMBP opened at $3.68 on Friday. Ardagh Metal Packaging has a one year low of $3.16 and a one year high of $4.26. The company has a debt-to-equity ratio of 124.21, a quick ratio of 0.88 and a current ratio of 1.17. The firm has a market cap of $2.20 billion, a price-to-earnings ratio of -30.66, a PEG ratio of 0.91 and a beta of 0.62. The firm’s fifty day moving average is $3.76 and its two-hundred day moving average is $3.68.

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

Ardagh Metal Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, December 5th. This represents a $0.40 annualized dividend and a dividend yield of 10.87%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -333.31%.

About Ardagh Metal Packaging

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.