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

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $3.92.

Several analysts recently issued reports on AMBP shares. Bank of America cut shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $4.90 to $4.00 in a research note on Wednesday, December 11th. Citigroup upped their price objective 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. Finally, 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 company from $4.25 to $5.00 in a research note on Tuesday, October 15th.

Ardagh Metal Packaging Stock Down 0.6 %

AMBP opened at $3.15 on Wednesday. Ardagh Metal Packaging has a twelve month low of $3.10 and a twelve month 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 company has a 50-day moving average price of $3.69 and a 200 day moving average price of $3.62. The company has a market cap of $1.88 billion, a PE ratio of -26.25, a price-to-earnings-growth ratio of 0.78 and a beta of 0.61.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm earned $0.06 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Sell-side analysts expect that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.40 annualized dividend and a dividend yield of 12.70%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is -333.33%.

Institutional Trading of Ardagh Metal Packaging

Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in shares of Ardagh Metal Packaging by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,784,882 shares of the company’s stock valued at $6,729,000 after buying an additional 11,963 shares during the period. XTX Topco Ltd purchased a new stake in shares of Ardagh Metal Packaging in the 3rd quarter valued at approximately $389,000. EP Wealth Advisors LLC boosted its position in shares of Ardagh Metal Packaging by 99.0% during the 3rd quarter. EP Wealth Advisors LLC now owns 49,916 shares of the company’s stock worth $188,000 after purchasing an additional 24,832 shares during the period. Point72 Asset Management L.P. boosted its position in shares of Ardagh Metal Packaging by 99.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 284,375 shares of the company’s stock worth $1,072,000 after purchasing an additional 141,850 shares during the period. Finally, Millburn Ridgefield Corp purchased a new position in shares of Ardagh Metal Packaging during the 3rd quarter worth approximately $124,000. Hedge funds and other institutional investors own 16.93% of the company’s stock.

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.