Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives $5.85 Consensus PT from Brokerages

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP – Get Rating) have earned an average rating of “Moderate Buy” from the nine brokerages that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $5.85.

Several analysts have weighed in on AMBP shares. Morgan Stanley lowered their price objective on Ardagh Metal Packaging from $6.30 to $5.50 and set an “equal weight” rating for the company in a research report on Wednesday, March 1st. Wells Fargo & Company boosted their target price on Ardagh Metal Packaging from $3.75 to $4.65 and gave the stock an “equal weight” rating in a research report on Monday, January 9th. Citigroup raised their price target on shares of Ardagh Metal Packaging from $5.00 to $5.50 in a report on Wednesday, January 4th. Credit Suisse Group reduced their price target on shares of Ardagh Metal Packaging from $10.00 to $8.00 and set an “outperform” rating for the company in a research note on Tuesday, December 6th. Finally, Bank of America upgraded Ardagh Metal Packaging from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $5.60 to $6.00 in a research note on Thursday, December 15th.

Ardagh Metal Packaging Stock Down 2.0 %

Shares of NYSE AMBP opened at $3.87 on Thursday. The company has a debt-to-equity ratio of 7.75, a current ratio of 1.30 and a quick ratio of 0.92. The company has a 50-day moving average price of $5.12 and a 200-day moving average price of $4.96. The stock has a market capitalization of $2.33 billion, a P/E ratio of 10.18, a P/E/G ratio of 1.35 and a beta of 0.68. Ardagh Metal Packaging has a 1 year low of $3.79 and a 1 year high of $8.80.

Ardagh Metal Packaging (NYSE:AMBP – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). Ardagh Metal Packaging had a return on equity of 44.69% and a net margin of 5.05%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the company posted $0.11 earnings per share. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, equities research analysts forecast that Ardagh Metal Packaging will post 0.27 EPS for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 28th. Stockholders of record on Tuesday, March 14th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.34%. The ex-dividend date of this dividend is Monday, March 13th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently 105.26%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AMBP. UBS Group AG lifted its position in shares of Ardagh Metal Packaging by 43.1% during the second quarter. UBS Group AG now owns 6,028 shares of the company’s stock worth $37,000 after purchasing an additional 1,815 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Ardagh Metal Packaging by 2,026.7% in the 4th quarter. JPMorgan Chase & Co. now owns 8,443 shares of the company’s stock valued at $41,000 after acquiring an additional 8,046 shares during the last quarter. Ellevest Inc. raised its holdings in Ardagh Metal Packaging by 430.9% during the third quarter. Ellevest Inc. now owns 8,929 shares of the company’s stock worth $43,000 after purchasing an additional 7,247 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in Ardagh Metal Packaging in the third quarter valued at $49,000. Finally, Echo45 Advisors LLC acquired a new stake in shares of Ardagh Metal Packaging in the 4th quarter valued at about $51,000. 19.04% of the stock is owned by hedge funds and other institutional investors.

About Ardagh Metal Packaging

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Ardagh Metal Packaging SA supplies 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. The company serves beverage producers.