Truist Financial reissued their hold rating on shares of Ardagh Metal Packaging (NYSE:AMBP – Free Report) in a report issued on Monday morning, Benzinga reports. Truist Financial currently has a $3.00 price objective on the stock, down from their prior price objective of $4.00.
AMBP has been the subject of a number of other research reports. Barclays lowered Ardagh Metal Packaging from an overweight rating to an equal weight rating and set a $4.00 price objective for the company. in a research report on Monday, January 8th. UBS Group started coverage on Ardagh Metal Packaging in a research report on Tuesday, January 16th. They set a buy rating and a $5.00 price objective for the company. Finally, Wells Fargo & Company cut their price objective on Ardagh Metal Packaging from $4.00 to $3.70 and set an equal weight rating for the company in a research report on Friday. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $4.65.
Get Our Latest Analysis on AMBP
Ardagh Metal Packaging Price Performance
NYSE:AMBP opened at $3.28 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 34.34. The business’s 50-day simple moving average is $3.74 and its two-hundred day simple moving average is $3.53. The stock has a market cap of $1.96 billion, a PE ratio of -27.33, a P/E/G ratio of 3.96 and a beta of 0.78. Ardagh Metal Packaging has a 52 week low of $2.57 and a 52 week high of $5.07.
Ardagh Metal Packaging (NYSE:AMBP – Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.11 billion. Ardagh Metal Packaging had a negative net margin of 1.04% and a positive return on equity of 38.48%. Ardagh Metal Packaging’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 earnings per share. As a group, analysts forecast that Ardagh Metal Packaging will post 0.22 EPS for the current fiscal year.
Ardagh Metal Packaging Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 12.20%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -333.33%.
Institutional Trading of Ardagh Metal Packaging
Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in shares of Ardagh Metal Packaging by 1,382.5% in the fourth quarter. Bank of America Corp DE now owns 4,682,134 shares of the company’s stock valued at $22,521,000 after purchasing an additional 4,366,315 shares during the period. Canyon Capital Advisors LLC boosted its holdings in shares of Ardagh Metal Packaging by 69.0% in the first quarter. Canyon Capital Advisors LLC now owns 10,154,743 shares of the company’s stock valued at $41,431,000 after purchasing an additional 4,146,893 shares during the period. BW Gestao de Investimentos Ltda. boosted its holdings in shares of Ardagh Metal Packaging by 771.2% in the third quarter. BW Gestao de Investimentos Ltda. now owns 2,783,639 shares of the company’s stock valued at $8,713,000 after purchasing an additional 2,464,105 shares during the period. Grizzlyrock Capital LLC purchased a new stake in shares of Ardagh Metal Packaging in the fourth quarter valued at approximately $9,360,000. Finally, Brightline Capital Management LLC purchased a new stake in shares of Ardagh Metal Packaging in the fourth quarter valued at approximately $8,582,000. Institutional investors own 17.33% of the company’s stock.
Ardagh Metal Packaging Company Profile
Ardagh Metal Packaging SA, together with its subsidiaries, supplies 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.
Further Reading
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Source: americanbankingnews.com
