Ardagh Metal Packaging (NYSE:AMBP) PT Raised to $3.75 at Wells Fargo & Company

Ardagh Metal Packaging (NYSE:AMBP - Free Report) had its target price hoisted by Wells Fargo & Company from $3.70 to $3.75 in a research note issued to investors on Thursday, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other equities analysts also recently commented on AMBP. Barclays downgraded Ardagh Metal Packaging from an overweight rating to an equal weight rating and set a $4.00 price objective on the stock. in a research report on Monday, January 8th. Morgan Stanley initiated coverage on Ardagh Metal Packaging in a report on Monday, March 18th. They set an underweight rating and a $3.20 price target on the stock. UBS Group assumed coverage on shares of Ardagh Metal Packaging in a report on Tuesday, January 16th. They issued a buy rating and a $5.00 price objective for the company. Truist Financial reaffirmed a hold rating and set a $3.00 target price (down from $4.00) on shares of Ardagh Metal Packaging in a research note on Monday, February 26th. Finally, Bank of America lowered shares of Ardagh Metal Packaging from a neutral rating to an underperform rating and decreased their target price for the company from $4.10 to $3.50 in a report on Monday, April 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Hold and an average price target of $4.31.

Ardagh Metal Packaging Stock Performance

NYSE AMBP traded down $0.02 during mid-day trading on Thursday, reaching $3.44. 1,227,728 shares of the stock were exchanged, compared to its average volume of 1,125,302. The company has a market capitalization of $2.05 billion, a P/E ratio of -28.67, a P/E/G ratio of 0.70 and a beta of 0.75. The company has a debt-to-equity ratio of 34.34, a quick ratio of 0.68 and a current ratio of 0.99. The business's 50 day moving average is $3.51 and its 200-day moving average is $3.52. Ardagh Metal Packaging has a 1 year low of $2.57 and a 1 year high of $4.29.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). Ardagh Metal Packaging had a negative net margin of 1.04% and a positive return on equity of 38.48%. The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter last year, the firm earned $0.05 earnings per share. The firm's quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts forecast that Ardagh Metal Packaging will post 0.18 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.40 annualized dividend and a yield of 11.64%. Ardagh Metal Packaging's dividend payout ratio (DPR) is -333.33%.

Institutional Trading of Ardagh Metal Packaging

Several institutional investors and hedge funds have recently bought and sold shares of the business. MetLife Investment Management LLC raised its position in Ardagh Metal Packaging by 66.8% during the 2nd quarter. MetLife Investment Management LLC now owns 8,391 shares of the company's stock worth $32,000 after buying an additional 3,359 shares during the last quarter. UBS Group AG raised its position in Ardagh Metal Packaging by 43.1% during the 2nd quarter. UBS Group AG now owns 6,028 shares of the company's stock worth $37,000 after buying an additional 1,815 shares during the last quarter. Wedmont Private Capital purchased a new position in Ardagh Metal Packaging during the 4th quarter worth $39,000. JPMorgan Chase & Co. increased its holdings in shares of Ardagh Metal Packaging by 2,026.7% in the 4th quarter. JPMorgan Chase & Co. now owns 8,443 shares of the company's stock valued at $41,000 after purchasing an additional 8,046 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Ardagh Metal Packaging in the 1st quarter valued at about $43,000. Hedge funds and other institutional investors own 16.93% of the company's stock.

About Ardagh Metal Packaging

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.