Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives Average Rating of “Hold” from Brokerages

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have received a consensus recommendation of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $3.43.

A number of analysts have recently issued reports on the stock. Bank of America lowered shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $4.90 to $4.00 in a research report on Wednesday, December 11th. UBS Group decreased their target price on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating for the company in a research note on Friday. Wells Fargo & Company dropped their price target on shares of Ardagh Metal Packaging from $5.00 to $3.60 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Citigroup reduced their price objective on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Monday, January 6th.

Hedge Funds Weigh In On Ardagh Metal Packaging

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. King Street Capital Management L.P. bought a new stake in shares of Ardagh Metal Packaging during the 2nd quarter worth $14,790,000. HighTower Advisors LLC lifted its position in Ardagh Metal Packaging by 106.7% during the 3rd quarter. HighTower Advisors LLC now owns 32,524 shares of the company’s stock worth $122,000 after acquiring an additional 16,786 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Ardagh Metal Packaging by 48.7% during the second quarter. Renaissance Technologies LLC now owns 1,325,132 shares of the company’s stock valued at $4,505,000 after acquiring an additional 433,700 shares during the period. AQR Capital Management LLC grew its position in shares of Ardagh Metal Packaging by 422.4% in the second quarter. AQR Capital Management LLC now owns 319,165 shares of the company’s stock valued at $1,085,000 after purchasing an additional 258,067 shares during the last quarter. Finally, Signaturefd LLC increased its stake in shares of Ardagh Metal Packaging by 23.1% in the third 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 period. Institutional investors and hedge funds own 16.93% of the company’s stock.

Ardagh Metal Packaging Trading Down 2.2 %

Shares of AMBP opened at $2.67 on Friday. Ardagh Metal Packaging has a 1-year low of $2.66 and a 1-year high of $4.26. The business’s 50-day moving average price is $3.35 and its 200 day moving average price is $3.52. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 124.21. The stock has a market capitalization of $1.60 billion, a P/E ratio of -22.25, a P/E/G ratio of 0.79 and a beta of 0.65.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings results 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 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 analyst estimates of $1.34 billion. During the same period in the previous year, the firm earned $0.06 earnings per share. Ardagh Metal Packaging’s quarterly revenue was up 1.5% on a year-over-year basis. Analysts expect that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.40 annualized dividend and a dividend yield of 14.98%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -333.33%.

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.