UBS Group Forecasts Strong Price Appreciation for Ardagh Metal Packaging (NYSE:AMBP) Stock

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

Several other research firms have also recently weighed in on AMBP. Morgan Stanley lifted 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 upped 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 note on Thursday, July 3rd. One analyst has 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 data from MarketBeat, Ardagh Metal Packaging has an average rating of "Hold" and an average target price of $4.19.

Ardagh Metal Packaging Stock Up 0.4%

NYSE AMBP traded up $0.02 during trading on Wednesday, reaching $4.74. 988,774 shares of the stock traded hands, compared to its average volume of 1,638,231. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of -118.50, a price-to-earnings-growth ratio of 1.41 and a beta of 0.56. The stock's 50-day moving average price is $4.05 and its 200 day moving average price is $3.27. Ardagh Metal Packaging has a fifty-two week low of $2.50 and a fifty-two week high of $4.78.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.01. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.17 billion. Ardagh Metal Packaging had a net margin of 0.08% and a negative return on equity of 112.58%. The firm's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 earnings per share. Analysts anticipate that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 8.44%. The ex-dividend date was Monday, May 5th. Ardagh Metal Packaging's dividend payout ratio (DPR) is presently -1,000.00%.

Hedge Funds Weigh In On Ardagh Metal Packaging

Several hedge funds have recently bought and sold shares of the company. SBI Securities Co. Ltd. increased its holdings in Ardagh Metal Packaging by 140.6% in the 1st quarter. SBI Securities Co. Ltd. now owns 9,173 shares of the company's stock worth $28,000 after purchasing an additional 5,361 shares in the last quarter. Larson Financial Group LLC acquired a new position in Ardagh Metal Packaging in the 4th quarter worth about $30,000. Tower Research Capital LLC TRC grew its position in shares of Ardagh Metal Packaging by 292.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,975 shares of the company's stock valued at $33,000 after buying an additional 8,180 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Ardagh Metal Packaging in the 1st quarter valued at about $33,000. Finally, Xponance Inc. bought a new stake in shares of Ardagh Metal Packaging in the 4th quarter valued at about $41,000. 16.93% of the stock is 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.