Analysts Set Ardagh Metal Packaging S.A. (NYSE:AMBP) Target Price at $4.31

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have received a consensus rating of “Reduce” from the six analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $4.31.

AMBP has been the subject of several recent research reports. Morgan Stanley initiated coverage on Ardagh Metal Packaging in a research report on Monday, March 18th. They issued an “underweight” rating and a $3.20 price objective for the company. UBS Group started coverage on shares of Ardagh Metal Packaging in a research report on Tuesday, January 16th. They set a “buy” rating and a $5.00 price target for the company. Bank of America lowered shares of Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $4.10 to $3.50 in a report on Monday, April 1st. Barclays downgraded shares of Ardagh Metal Packaging from an “overweight” rating to an “equal weight” rating and set a $4.00 price objective for the company. in a research note on Monday, January 8th. Finally, Truist Financial reissued a “hold” rating and issued a $3.00 target price (down from $4.00) on shares of Ardagh Metal Packaging in a research note on Monday, February 26th.

Hedge Funds Weigh In On Ardagh Metal Packaging

Several hedge funds and other institutional investors have recently modified their holdings of AMBP. MetLife Investment Management LLC boosted its position in Ardagh Metal Packaging by 66.8% during the 2nd quarter. MetLife Investment Management LLC now owns 8,391 shares of the company’s stock valued at $32,000 after acquiring an additional 3,359 shares in the last quarter. UBS Group AG boosted 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 valued at $37,000 after purchasing an additional 1,815 shares in the last quarter. Wedmont Private Capital bought a new stake in shares of Ardagh Metal Packaging during the fourth quarter valued at approximately $39,000. JPMorgan Chase & Co. raised its holdings in Ardagh Metal Packaging by 2,026.7% in the fourth quarter. JPMorgan Chase & Co. now owns 8,443 shares of the company’s stock worth $41,000 after purchasing an additional 8,046 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Ardagh Metal Packaging during the first quarter valued at $43,000. Hedge funds and other institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Price Performance

Shares of Ardagh Metal Packaging stock opened at $3.45 on Friday. The company has a debt-to-equity ratio of 34.34, a quick ratio of 0.68 and a current ratio of 0.99. Ardagh Metal Packaging has a 52-week low of $2.57 and a 52-week high of $4.29. The company has a fifty day moving average of $3.48 and a 200-day moving average of $3.53. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of -28.75, a price-to-earnings-growth ratio of 0.69 and a beta of 0.75.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Ardagh Metal Packaging had a positive return on equity of 38.48% and a negative net margin of 1.04%. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 EPS. Equities research analysts expect that Ardagh Metal Packaging will post 0.18 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were given a $0.10 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 11.59%. Ardagh Metal Packaging’s dividend payout ratio is -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.