Ardagh Metal Packaging (NYSE:AMBP) Price Target Lowered to $3.60 at Wells Fargo & Company

Ardagh Metal Packaging (NYSE:AMBP) had its target price decreased by Wells Fargo & Company from $5.00 to $3.60 in a research report report published on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other brokerages have also weighed in on AMBP. Bank of America lowered shares of 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 research note on Wednesday, December 11th. Citigroup raised their price target on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $3.59.

Ardagh Metal Packaging Price Performance

NYSE:AMBP opened at $2.73 on Monday. Ardagh Metal Packaging has a 52 week low of $2.68 and a 52 week high of $4.26. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 124.21. The stock has a market capitalization of $1.63 billion, a PE ratio of -22.75, a price-to-earnings-growth ratio of 0.79 and a beta of 0.65. The stock’s 50-day moving average price is $3.39 and its 200-day moving average price is $3.53.

Ardagh Metal Packaging (NYSE:AMBP) last posted its earnings results on Thursday, October 24th. The company reported $0.08 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 analysts’ expectations of $1.34 billion. During the same period last year, the firm earned $0.06 EPS. The company’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities analysts expect that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 14.65%. The ex-dividend date of this dividend was Thursday, December 5th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is -333.33%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AMBP. Ballentine Partners LLC purchased a new position in Ardagh Metal Packaging in the 3rd quarter worth approximately $42,000. Quarry LP purchased a new position in Ardagh Metal Packaging in the 2nd quarter worth approximately $45,000. nVerses Capital LLC lifted its stake in Ardagh Metal Packaging by 70.4% in 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 in the last quarter. Principal Financial Group Inc. lifted its stake in Ardagh Metal Packaging by 34.5% in 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 in the last quarter. Finally, Signaturefd LLC lifted its stake in Ardagh Metal Packaging by 23.1% in 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 in the last quarter. 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.