Ardagh Metal Packaging (NYSE:AMBP) Price Target Raised to $3.75

Ardagh Metal Packaging (NYSE:AMBPFree Report) had its price objective lifted by Wells Fargo & Company from $3.70 to $3.75 in a report issued on Thursday morning, Benzinga reports. The firm currently has an equal weight rating on the stock.

Other analysts have also recently issued reports about the company. Truist Financial restated a hold rating and issued a $3.00 target price (down from $4.00) on shares of Ardagh Metal Packaging in a research report on Monday, February 26th. UBS Group initiated coverage on Ardagh Metal Packaging in a research note on Tuesday, January 16th. They set a buy rating and a $5.00 price target for the company. Morgan Stanley initiated coverage on Ardagh Metal Packaging in a research note on Monday, March 18th. They set an underweight rating and a $3.20 price target for the company. Bank of America lowered Ardagh Metal Packaging from a neutral rating to an underperform rating and decreased their price target for the company from $4.10 to $3.50 in a research note on Monday, April 1st. Finally, Barclays lowered Ardagh Metal Packaging from an overweight rating to an equal weight rating and set a $4.00 price target for the company. in a research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Ardagh Metal Packaging has an average rating of Hold and a consensus price target of $4.31.

View Our Latest Analysis on AMBP

Ardagh Metal Packaging Stock Down 0.9 %

Shares of Ardagh Metal Packaging stock opened at $3.41 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.68 and a debt-to-equity ratio of 34.34. The business’s 50 day simple moving average is $3.49 and its 200-day simple moving average is $3.52. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of -28.42, a PEG ratio of 0.69 and a beta of 0.75. Ardagh Metal Packaging has a twelve month low of $2.57 and a twelve month high of $4.29.

Ardagh Metal Packaging (NYSE:AMBPGet Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $1.13 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 earnings per share. Equities research analysts forecast that Ardagh Metal Packaging will post 0.18 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.73%. Ardagh Metal Packaging’s payout ratio is currently -333.33%.

Institutional Trading of Ardagh Metal Packaging

Several hedge funds and other institutional investors have recently modified their holdings of AMBP. Principal Financial Group Inc. purchased a new stake in shares of Ardagh Metal Packaging during the first quarter worth $87,000. Raymond James & Associates purchased a new stake in shares of Ardagh Metal Packaging during the first quarter worth $391,000. Bank of New York Mellon Corp raised its holdings in shares of Ardagh Metal Packaging by 46.0% during the first quarter. Bank of New York Mellon Corp now owns 277,080 shares of the company’s stock worth $2,253,000 after acquiring an additional 87,295 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Ardagh Metal Packaging by 3.2% during the first quarter. BlackRock Inc. now owns 1,648,566 shares of the company’s stock worth $13,401,000 after acquiring an additional 51,261 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Ardagh Metal Packaging by 101.6% during the first quarter. Vanguard Group Inc. now owns 176,472 shares of the company’s stock worth $1,435,000 after acquiring an additional 88,922 shares in the last quarter. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

About Ardagh Metal Packaging

(Get Free Report)

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.

See Also

Analyst Recommendations for Ardagh Metal Packaging (NYSE:AMBP)

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.