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

Ardagh Metal Packaging (NYSE:AMBP - Free Report) had its price objective raised by UBS Group from $3.40 to $4.50 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Morgan Stanley boosted their price objective on shares of Ardagh Metal Packaging from $3.50 to $4.10 and gave the company an "equal weight" rating in a report on Wednesday, June 25th. Citigroup lifted their price target on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. One investment 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 MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $4.19.

Ardagh Metal Packaging Trading Up 0.9%

Shares of NYSE:AMBP traded up $0.04 during trading on Wednesday, reaching $4.70. The stock had a trading volume of 1,430,640 shares, compared to its average volume of 1,638,993. The company has a market capitalization of $2.81 billion, a P/E ratio of 24.53, a PEG ratio of 1.40 and a beta of 0.56. The firm's 50-day simple moving average is $4.01 and its 200 day simple moving average is $3.25. Ardagh Metal Packaging has a one year low of $2.50 and a one year high of $4.72.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate 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 negative return on equity of 112.58% and a net margin of 0.08%. The company's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $0.01 earnings per share. Equities research analysts forecast that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 8.51%. The ex-dividend date of this dividend was Monday, May 5th. Ardagh Metal Packaging's dividend payout ratio (DPR) is currently -1,000.00%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AMBP. SBI Securities Co. Ltd. boosted its position 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 purchased a new stake in Ardagh Metal Packaging during the fourth quarter worth $30,000. Pallas Capital Advisors LLC acquired a new stake in Ardagh Metal Packaging during the second quarter valued at $43,000. Northwestern Mutual Wealth Management Co. purchased a new position in Ardagh Metal Packaging in the first quarter valued at $33,000. Finally, Tower Research Capital LLC TRC increased its holdings in Ardagh Metal Packaging by 292.7% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 16.93% of the company's stock.

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.