Ardagh Metal Packaging (NYSE:AMBP) Downgraded by UBS Group to “Neutral”

UBS Group downgraded shares of Ardagh Metal Packaging (NYSE:AMBP – Free Report) from a buy rating to a neutral rating in a research note issued to investors on Wednesday morning, MarketBeat reports. They currently have $3.75 target price on the stock, down from their prior target price of $5.00.

AMBP has been the topic of a number of other research reports. Bank of America lowered shares of Ardagh Metal Packaging from a neutral rating to an underperform rating and dropped their price target for the company from $4.10 to $3.50 in a research report on Monday, April 1st. Wells Fargo & Company lifted their price target on shares of Ardagh Metal Packaging from $3.70 to $3.75 and gave the company an equal weight rating in a research report on Thursday, April 11th. Finally, Citigroup dropped their price target on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a buy rating on the stock in a research report on Monday, July 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $3.63.

Check Out Our Latest Report on Ardagh Metal Packaging

Ardagh Metal Packaging Price Performance

NYSE AMBP opened at $3.60 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.95 and a debt-to-equity ratio of 124.21. The stock has a market capitalization of $2.15 billion, a PE ratio of -25.71, a price-to-earnings-growth ratio of 0.54 and a beta of 0.62. The company has a 50 day moving average price of $3.75 and a two-hundred day moving average price of $3.66. Ardagh Metal Packaging has a 12-month low of $2.57 and a 12-month high of $4.17.

Ardagh Metal Packaging (NYSE:AMBP – Get Free Report) last posted its earnings results on Thursday, April 25th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Ardagh Metal Packaging had a negative net margin of 1.26% and a positive return on equity of 55.91%. The company’s revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 earnings per share. As a group, equities analysts predict that Ardagh Metal Packaging will post 0.2 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 11.11%. The ex-dividend date was Wednesday, June 12th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is currently -285.69%.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of institutional investors and hedge funds have recently bought and sold shares of AMBP. Grizzlyrock Capital LLC bought a new position in Ardagh Metal Packaging during the fourth quarter worth $9,360,000. Brightline Capital Management LLC bought a new stake in Ardagh Metal Packaging in the 4th quarter valued at $8,582,000. ING Groep NV increased its holdings in Ardagh Metal Packaging by 548.0% in the 4th quarter. ING Groep NV now owns 1,756,000 shares of the company’s stock valued at $6,743,000 after buying an additional 1,485,000 shares during the period. Sona Asset Management US LLC bought a new stake in Ardagh Metal Packaging in the 1st quarter valued at $4,288,000. Finally, Angeles Wealth Management LLC bought a new stake in Ardagh Metal Packaging in the 4th quarter valued at $1,863,000. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Company Profile

(Get Free Report)

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.

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