Ardagh Metal Packaging (NYSE:AMBP – Get Rating) had its price target cut by Credit Suisse Group from $10.00 to $8.00 in a research report released on Tuesday, Marketbeat reports. They currently have an outperform rating on the stock.
A number of other analysts have also recently commented on the stock. Royal Bank of Canada cut shares of Ardagh Metal Packaging from an outperform rating to a sector perform rating and cut their price target for the company from $7.00 to $5.00 in a research report on Friday, October 14th. Barclays cut their price objective on shares of Ardagh Metal Packaging from $7.00 to $6.00 and set an overweight rating on the stock in a research report on Tuesday, November 1st. Bank of America cut their price objective on shares of Ardagh Metal Packaging from $7.00 to $6.00 in a research report on Thursday, October 13th. Wells Fargo & Company cut their price objective on shares of Ardagh Metal Packaging from $5.45 to $3.75 and set an equal weight rating on the stock in a research report on Friday, October 28th. Finally, Morgan Stanley cut their price objective on shares of Ardagh Metal Packaging from $6.50 to $6.30 and set an equal weight rating on the stock in a research report on Wednesday, October 5th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Ardagh Metal Packaging has an average rating of Hold and an average price target of $5.88.
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Ardagh Metal Packaging Stock Performance
Shares of AMBP opened at $4.59 on Tuesday. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 6.12. The stock has a market capitalization of $2.77 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 1.41 and a beta of 0.65. The firm's fifty day simple moving average is $4.57 and its two-hundred day simple moving average is $5.59. Ardagh Metal Packaging has a 12 month low of $3.91 and a 12 month high of $9.80.
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 analysts' consensus estimates of $0.09 by ($0.03). The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate 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 revenue was up 13.0% compared to the same quarter last year. During the same period last year, the company posted $0.14 EPS. As a group, analysts predict that Ardagh Metal Packaging will post 0.35 EPS for the current year.
Ardagh Metal Packaging Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, November 28th. Investors of record on Monday, November 14th were issued 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 dividend yield of 8.71%. Ardagh Metal Packaging's dividend payout ratio is presently 102.56%.
Institutional Investors Weigh In On Ardagh Metal Packaging
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Canyon Capital Advisors LLC raised its holdings in shares of Ardagh Metal Packaging by 1.1% in the 1st quarter. Canyon Capital Advisors LLC now owns 10,154,743 shares of the company's stock worth $82,558,000 after acquiring an additional 107,901 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Ardagh Metal Packaging by 2.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,902,104 shares of the company's stock valued at $28,566,000 after buying an additional 121,463 shares during the last quarter. Diameter Capital Partners LP increased its stake in Ardagh Metal Packaging by 25.9% in the 2nd quarter. Diameter Capital Partners LP now owns 5,672,617 shares of the company's stock valued at $34,603,000 after buying an additional 1,166,050 shares during the last quarter. Loews Corp increased its stake in Ardagh Metal Packaging by 11.3% in the 2nd quarter. Loews Corp now owns 4,450,000 shares of the company's stock valued at $27,145,000 after buying an additional 450,000 shares during the last quarter. Finally, Private Management Group Inc. increased its stake in Ardagh Metal Packaging by 6.8% in the 3rd quarter. Private Management Group Inc. now owns 4,151,174 shares of the company's stock valued at $20,092,000 after buying an additional 265,361 shares during the last quarter. Institutional investors and hedge funds own 18.84% of the company's stock.
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.
Further Reading
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