Ardagh Metal Packaging (NYSE:AMBP) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Ardagh Metal Packaging (NYSE:AMBP - Free Report) had its price objective boosted by Wells Fargo & Company from $3.45 to $5.00 in a report released on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other analysts also recently issued reports about the company. Citigroup lifted their price target on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Morgan Stanley lifted their price target on Ardagh Metal Packaging from $3.50 to $4.10 and gave the company an "equal weight" rating in a research note on Wednesday, June 25th. Finally, UBS Group boosted their target price on Ardagh Metal Packaging from $3.40 to $4.50 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $4.52.

Ardagh Metal Packaging Price Performance

NYSE AMBP traded up $0.04 during mid-day trading on Friday, hitting $4.59. The stock had a trading volume of 918,878 shares, compared to its average volume of 1,613,698. The firm's 50 day moving average is $4.18 and its 200 day moving average is $3.34. Ardagh Metal Packaging has a twelve month low of $2.50 and a twelve month high of $4.78. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of -114.75, a PEG ratio of 1.10 and a beta of 0.56.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.01. The firm 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 period last year, the company earned $0.01 EPS. As a group, equities research analysts expect that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 8.71%. The ex-dividend date of this dividend was Monday, May 5th. Ardagh Metal Packaging's dividend payout ratio is presently -1,000.00%.

Institutional Trading of Ardagh Metal Packaging

A number of institutional investors and hedge funds have recently made changes to their positions in AMBP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Ardagh Metal Packaging by 172.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,324,218 shares of the company's stock valued at $28,159,000 after purchasing an additional 5,902,246 shares during the period. Private Management Group Inc. increased its position in shares of Ardagh Metal Packaging by 4.8% during the 1st quarter. Private Management Group Inc. now owns 5,690,572 shares of the company's stock valued at $17,186,000 after purchasing an additional 258,298 shares during the period. Diameter Capital Partners LP increased its position in shares of Ardagh Metal Packaging by 10.1% during the 4th quarter. Diameter Capital Partners LP now owns 4,374,121 shares of the company's stock valued at $13,166,000 after purchasing an additional 400,000 shares during the period. Anchorage Capital Advisors L.P. increased its position in shares of Ardagh Metal Packaging by 85.9% during the 1st quarter. Anchorage Capital Advisors L.P. now owns 3,601,083 shares of the company's stock valued at $10,875,000 after purchasing an additional 1,664,083 shares during the period. Finally, Solas Capital Management LLC increased its position in shares of Ardagh Metal Packaging by 10.9% during the 4th quarter. Solas Capital Management LLC now owns 3,361,378 shares of the company's stock valued at $10,118,000 after purchasing an additional 330,000 shares during the period. 16.93% of the stock is currently owned by institutional investors and hedge funds.

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.