Ardagh Metal Packaging (NYSE:AMBP) Price Target Lowered to $2.75 at UBS Group

Ardagh Metal Packaging (NYSE:AMBP) had its price objective trimmed by UBS Group from $4.25 to $2.75 in a research report report published on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also weighed in on the stock. Citigroup cut their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company cut their target price on shares of Ardagh Metal Packaging from $5.00 to $3.60 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, Bank of America lowered shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and cut their target price for the stock from $4.90 to $4.00 in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Ardagh Metal Packaging presently has a consensus rating of “Hold” and an average price target of $3.43.

Ardagh Metal Packaging Stock Performance

NYSE AMBP opened at $2.67 on Friday. The stock has a market cap of $1.60 billion, a P/E ratio of -22.25, a PEG ratio of 0.79 and a beta of 0.65. The company’s 50-day simple moving average is $3.35 and its 200 day simple moving average is $3.52. Ardagh Metal Packaging has a twelve month low of $2.66 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.

Ardagh Metal Packaging (NYSE:AMBP) last announced its earnings results 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 company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the business earned $0.06 earnings per share. Ardagh Metal Packaging’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, research analysts forecast 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 announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 14.98%. The ex-dividend date was Thursday, December 5th. Ardagh Metal Packaging’s payout ratio is -333.33%.

Institutional Trading of Ardagh Metal Packaging

Hedge funds and other institutional investors have recently modified their holdings of the stock. King Street Capital Management L.P. bought a new stake in shares of Ardagh Metal Packaging during the 2nd quarter worth about $14,790,000. HighTower Advisors LLC boosted its holdings in Ardagh Metal Packaging by 106.7% in the 3rd quarter. HighTower Advisors LLC now owns 32,524 shares of the company’s stock valued at $122,000 after purchasing an additional 16,786 shares during the period. Renaissance Technologies LLC boosted its holdings in Ardagh Metal Packaging by 48.7% in the 2nd quarter. Renaissance Technologies LLC now owns 1,325,132 shares of the company’s stock valued at $4,505,000 after purchasing an additional 433,700 shares during the period. AQR Capital Management LLC boosted its holdings in Ardagh Metal Packaging by 422.4% in the 2nd quarter. AQR Capital Management LLC now owns 319,165 shares of the company’s stock valued at $1,085,000 after purchasing an additional 258,067 shares during the period. Finally, Signaturefd LLC boosted its holdings in Ardagh Metal Packaging by 23.1% in the 3rd quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock valued at $71,000 after purchasing an additional 3,515 shares during the period. 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.