Ardagh Metal Packaging (NYSE:AMBP) Price Target Raised to $4.50 at UBS Group

Ardagh Metal Packaging (NYSE:AMBP - Free Report) had its target price hoisted by UBS Group from $3.40 to $4.50 in a research report sent to investors on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research firms have also recently issued reports on AMBP. Morgan Stanley increased their price target on Ardagh Metal Packaging from $3.50 to $4.10 and gave the stock an "equal weight" rating in a report on Wednesday, June 25th. Citigroup lifted their price target on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $4.19.

Ardagh Metal Packaging Stock Performance

Shares of Ardagh Metal Packaging stock traded up $0.07 on Wednesday, hitting $4.77. The stock had a trading volume of 1,018,279 shares, compared to its average volume of 1,636,578. The stock has a 50 day moving average of $4.03 and a 200 day moving average of $3.26. Ardagh Metal Packaging has a twelve month low of $2.50 and a twelve month high of $4.77. The firm has a market capitalization of $2.85 billion, a P/E ratio of -119.13, a PEG ratio of 1.40 and a beta of 0.56.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.01. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.17 billion. Ardagh Metal Packaging had a net margin of 0.08% and a negative return on equity of 112.58%. The company's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 EPS. Equities analysts expect that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 8.39%. The ex-dividend date of this dividend was Monday, May 5th. Ardagh Metal Packaging's dividend payout ratio (DPR) is presently -1,000.00%.

Institutional Investors Weigh In On Ardagh Metal Packaging

Hedge funds have recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Ardagh Metal Packaging during the 4th quarter worth $880,000. Boston Partners bought a new stake in shares of Ardagh Metal Packaging during the 4th quarter worth $592,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Ardagh Metal Packaging during the 4th quarter worth $286,000. Gilman Hill Asset Management LLC raised its stake in Ardagh Metal Packaging by 10.3% in the 1st quarter. Gilman Hill Asset Management LLC now owns 1,967,087 shares of the company's stock valued at $5,941,000 after acquiring an additional 184,305 shares during the period. Finally, NBC Securities Inc. raised its stake in Ardagh Metal Packaging by 106,534.2% in the 1st quarter. NBC Securities Inc. now owns 81,042 shares of the company's stock valued at $244,000 after acquiring an additional 80,966 shares during the period. 16.93% of the stock is currently owned by institutional investors.

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.