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.
Check Out Our Latest Analysis on Ardagh Metal Packaging
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
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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.
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