Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP – Get Rating) have received an average recommendation of "Moderate Buy" from the eight ratings firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $5.88.

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada cut shares of Ardagh Metal Packaging from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $7.00 to $5.00 in a research report on Friday, October 14th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Ardagh Metal Packaging from $8.00 to $7.00 and set a "buy" rating for the company in a research report on Monday, October 24th. Credit Suisse Group decreased their price objective on shares of Ardagh Metal Packaging from $10.00 to $8.00 and set an "outperform" rating for the company in a research report on Tuesday, December 6th. Bank of America raised shares of Ardagh Metal Packaging from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $5.60 to $6.00 in a research report on Thursday, December 15th. Finally, Morgan Stanley reduced their price target on shares of Ardagh Metal Packaging from $6.50 to $6.30 and set an "equal weight" rating for the company in a research report on Wednesday, October 5th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. W.G. Shaheen & Associates DBA Whitney & Co increased its stake in Ardagh Metal Packaging by 0.5% in the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 308,499 shares of the company's stock valued at $1,882,000 after purchasing an additional 1,646 shares during the period. UBS Group AG increased its stake in Ardagh Metal Packaging by 43.1% in the second quarter. UBS Group AG now owns 6,028 shares of the company's stock valued at $37,000 after purchasing an additional 1,815 shares during the period. Federated Hermes Inc. increased its stake in Ardagh Metal Packaging by 1.0% in the third quarter. Federated Hermes Inc. now owns 277,830 shares of the company's stock valued at $1,344,000 after purchasing an additional 2,675 shares during the period. Stolper Co increased its stake in shares of Ardagh Metal Packaging by 1.4% during the third quarter. Stolper Co now owns 280,632 shares of the company's stock worth $1,358,000 after acquiring an additional 3,851 shares during the period. Finally, Sanders Morris Harris LLC increased its stake in shares of Ardagh Metal Packaging by 25.5% during the second quarter. Sanders Morris Harris LLC now owns 34,500 shares of the company's stock worth $211,000 after acquiring an additional 7,000 shares during the period. 19.04% of the stock is currently owned by institutional investors and hedge funds.

Ardagh Metal Packaging Stock Performance

Ardagh Metal Packaging (NYSE:AMBP – Get Rating) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.17 billion. Ardagh Metal Packaging had a net margin of 5.13% and a return on equity of 59.64%. The business's quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 EPS. On average, research analysts predict that Ardagh Metal Packaging will post 0.35 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 28th. Investors of record on Monday, November 14th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, November 10th. This represents a $0.40 dividend on an annualized basis and a yield of 8.32%. Ardagh Metal Packaging's dividend payout ratio (DPR) is presently 102.56%.

Ardagh Metal Packaging Company Profile

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Ardagh Metal Packaging SA 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. The company serves beverage producers.

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