Ardagh Metal Packaging S.A. (NYSE:AMBP) shares traded -2.65% lower at $3.68 on Wall Street last session.
In accordance with the data, 7 analysts cover Ardagh Metal Packaging S.A. (NYSE:AMBP). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $6.00 and a low of $3.70, we find $4.00. Given the previous closing price of $3.78, this indicates a potential upside of 5.82 percent. AMBP stock price is now -0.42% away from the 50-day moving average and -14.60% away from the 200-day moving average. The market capitalization of the company currently stands at $2.15B.
It has been rated a hold by 4 analysts and a buy by 2. Brokers who have rated the stock have averaged $4.53 as their price target over the next twelve months.
With the price target reduced from $5 to $4, BofA Securities Downgraded its rating from Buy to Neutral for Ardagh Metal Packaging S.A. (NYSE: AMBP).
A total of 76.06% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AMBP stock. A new stake in Ardagh Metal Packaging S.A. shares was purchased by BW GESTAO DE INVESTIMENTOS LTDA. during the first quarter worth $1,176,000. ING GROEP NV invested $997,000 in shares of AMBP during the first quarter. In the first quarter, CRESCENT PARK MANAGEMENT, L.P. acquired a new stake in Ardagh Metal Packaging S.A. valued at approximately $761,000. FRANKLIN RESOURCES INC acquired a new stake in AMBP for approximately $722,000. FUND 1 INVESTMENTS, LLC purchased a new stake in AMBP valued at around $666,000 in the second quarter. In total, there are 213 active investors with 19.30% ownership of the company’s stock.
Ardagh Metal Packaging S.A. (NYSE: AMBP) opened at $3.7500 on Tuesday. During the past 12 months, Ardagh Metal Packaging S.A. has had a low of $3.31 and a high of $6.98. As of last week, the company has a debt-to-equity ratio of 13.54, a current ratio of 0.30, and a quick ratio of 0.20. According to the stock market information, the enterprise value for the company is $5.77B, which is based on a 47.79 price-to-earnings ratio, a 8.43 price-to-earnings-growth ratio, and a beta of 0.67. The fifty day moving average price for AMBP is $3.6958 and a two-hundred day moving average price translates $4.3036 for the stock.
The latest earnings results from Ardagh Metal Packaging S.A. (NYSE: AMBP) was released for Jun, 2023. According to the Packaging & Containers Company, earnings per share came in at $0.04, missing analysts’ expectations of $0.05 by -0.01. This compares to $0.17 EPS in the same period last year. The net profit margin was 1.00% and return on equity was 13.20% for AMBP. The company reported revenue of $1.25 billion for the quarter, compared to $1.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.68 percent. For the current quarter, analysts expect AMBP to generate $1.24B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/28/2023. Investors who held shares on 09/14/2023 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 10.87% percent yield. There was an ex-dividend date of 09/13/2023 for this dividend. In terms of dividend payout ratio, AMBP is presently at 522.20%.
Ardagh Metal Packaging S.A.(AMBP) Company Profile
Ardagh Metal Packaging S.A., 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. The company serves beverage producers. The company is based in Luxembourg, Luxembourg. Ardagh Metal Packaging S.A. is a subsidiary of Ardagh Group S.A.
