Ardagh Metal Packaging S.A. (NYSE:AMBP – Get Free Report) has earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $5.33.
AMBP has been the topic of a number of recent analyst reports. Bank of America lowered Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $5.00 to $4.00 in a research note on Monday, July 10th. Barclays decreased their price objective on shares of Ardagh Metal Packaging from $6.00 to $5.00 and set an “overweight” rating on the stock in a report on Monday, July 31st. Finally, Credit Suisse Group boosted their target price on shares of Ardagh Metal Packaging from $6.50 to $8.00 in a research note on Friday, July 7th.
Check Out Our Latest Report on AMBP
Ardagh Metal Packaging Stock Down 5.8 %
AMBP opened at $3.34 on Thursday. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 41.69, a PEG ratio of 4.31 and a beta of 0.68. The company has a debt-to-equity ratio of 13.04, a quick ratio of 0.72 and a current ratio of 1.11. The firm’s 50-day simple moving average is $3.58 and its 200-day simple moving average is $3.74. Ardagh Metal Packaging has a twelve month low of $3.31 and a twelve month high of $6.05.
Ardagh Metal Packaging (NYSE:AMBP – Get Free Report) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). Ardagh Metal Packaging had a return on equity of 29.71% and a net margin of 1.49%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the company posted $0.11 earnings per share. Ardagh Metal Packaging’s quarterly revenue was down 3.7% compared to the same quarter last year. Equities research analysts anticipate that Ardagh Metal Packaging will post 0.19 EPS for the current fiscal year.
Ardagh Metal Packaging Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 11.99%. The ex-dividend date of this dividend is Wednesday, September 13th. Ardagh Metal Packaging’s payout ratio is presently 500.00%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC lifted its holdings in shares of Ardagh Metal Packaging by 615.5% during the 1st quarter. Signaturefd LLC now owns 7,327 shares of the company’s stock valued at $30,000 after purchasing an additional 6,303 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Ardagh Metal Packaging by 66.8% in the second quarter. MetLife Investment Management LLC now owns 8,391 shares of the company’s stock valued at $32,000 after buying an additional 3,359 shares during the period. Quadrant Capital Group LLC increased its position in shares of Ardagh Metal Packaging by 1,715.1% during the second quarter. Quadrant Capital Group LLC now owns 8,767 shares of the company’s stock worth $33,000 after acquiring an additional 8,284 shares in the last quarter. UBS Group AG raised its holdings 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 worth $37,000 after acquiring an additional 1,815 shares during the period. Finally, Spire Wealth Management raised its holdings in shares of Ardagh Metal Packaging by 47.2% during the first quarter. Spire Wealth Management now owns 9,710 shares of the company’s stock worth $40,000 after acquiring an additional 3,115 shares during the period. 17.33% of the stock is owned by institutional investors and hedge funds.
Ardagh Metal Packaging Company Profile
Ardagh Metal Packaging SA, together with its subsidiaries, supplies 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.
Read More
Receive News & Ratings for Ardagh Metal Packaging Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ardagh Metal Packaging and related companies with MarketBeat.com’s FREE daily email newsletter.
Leave a Reply