Ardagh Metal Packaging S.A. (NYSE:AMBP) Given Average Rating of “Hold” by Analysts

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

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

Ardagh Metal Packaging Trading Up 0.3 %

NYSE:AMBP opened at $3.72 on Friday. The company has a debt-to-equity ratio of 124.21, a current ratio of 1.17 and a quick ratio of 0.88. The firm has a 50-day moving average of $3.76 and a 200-day moving average of $3.68. The company has a market cap of $2.22 billion, a PE ratio of -31.00, a PEG ratio of 0.88 and a beta of 0.62. Ardagh Metal Packaging has a one year low of $3.16 and a one year high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, equities research analysts expect that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.75%. The ex-dividend date of this dividend is Thursday, December 5th. Ardagh Metal Packaging’s payout ratio is -333.31%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMBP. Citigroup Inc. boosted its stake in Ardagh Metal Packaging by 15,834.1% in the third quarter. Citigroup Inc. now owns 5,104,806 shares of the company’s stock valued at $19,245,000 after acquiring an additional 5,072,769 shares during the last quarter. King Street Capital Management L.P. purchased a new stake in shares of Ardagh Metal Packaging during the 2nd quarter valued at approximately $14,790,000. Squarepoint Ops LLC lifted its stake in shares of Ardagh Metal Packaging by 523.8% during the 2nd quarter. Squarepoint Ops LLC now owns 2,914,124 shares of the company’s stock valued at $10,568,000 after buying an additional 2,446,997 shares in the last quarter. Sona Asset Management US LLC purchased a new stake in shares of Ardagh Metal Packaging during the 1st quarter valued at approximately $4,288,000. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Ardagh Metal Packaging by 37.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,778,166 shares of the company’s stock valued at $6,704,000 after buying an additional 489,146 shares in the last quarter. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

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.