Ardagh Metal Packaging (NYSE:AMBP) PT Raised to $4.50

Ardagh Metal Packaging (NYSE:AMBP) had its price objective increased by Citigroup from $4.00 to $4.50 in a research note published on Wednesday, Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other research analysts also recently commented on AMBP. Wells Fargo & Company boosted their price objective on shares of Ardagh Metal Packaging from $3.95 to $4.25 and gave the company an equal weight rating in a research report on Friday, July 26th. UBS Group cut shares of Ardagh Metal Packaging from a buy rating to a neutral rating and reduced their price objective for the stock from $5.00 to $3.75 in a research note on Wednesday, July 17th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Ardagh Metal Packaging has an average rating of Hold and a consensus target price of $3.74.

Ardagh Metal Packaging Price Performance

Shares of NYSE AMBP opened at $3.75 on Wednesday. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of -26.79, a PEG ratio of 0.78 and a beta of 0.62. The business has a 50-day moving average of $3.54 and a 200-day moving average of $3.63. The company has a debt-to-equity ratio of 124.21, a current ratio of 0.95 and a quick ratio of 0.66. Ardagh Metal Packaging has a fifty-two week low of $2.57 and a fifty-two week high of $4.17.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.32 billion. Ardagh Metal Packaging had a negative net margin of 1.02% and a positive return on equity of 114.77%. The business’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the business posted $0.04 earnings per share. As a group, sell-side analysts predict that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 10.67%. The ex-dividend date was Thursday, September 12th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is currently -285.71%.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of hedge funds have recently modified their holdings of the company. Catalina Capital Group LLC purchased a new stake in Ardagh Metal Packaging in the first quarter worth about $42,000. Quarry LP bought a new position in Ardagh Metal Packaging in the second quarter worth approximately $45,000. Principal Financial Group Inc. raised its position in Ardagh Metal Packaging by 34.5% in the second quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock worth $66,000 after acquiring an additional 5,009 shares during the period. Gries Financial LLC purchased a new stake in shares of Ardagh Metal Packaging in the second quarter worth $77,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Ardagh Metal Packaging in the first quarter worth $91,000. 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.