Recent Analysts’ Ratings Changes for Ardagh Metal Packaging (AMBP)

Ardagh Metal Packaging (NYSE: AMBP) has recently received a number of price target changes and ratings updates:

• 1/16/2025 – Ardagh Metal Packaging had its “equal weight” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $3.35 price target on the stock, down previously from $3.60.
• 1/13/2025 – Ardagh Metal Packaging was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating. They now have a $3.10 price target on the stock, down previously from $3.60.
• 1/10/2025 – Ardagh Metal Packaging had its price target lowered by analysts at UBS Group AG from $4.25 to $2.75. They now have a “neutral” rating on the stock.
• 1/6/2025 – Ardagh Metal Packaging had its price target lowered by analysts at Wells Fargo & Company from $5.00 to $3.60. They now have an “overweight” rating on the stock.
• 1/6/2025 – Ardagh Metal Packaging had its price target lowered by analysts at Citigroup Inc. from $4.50 to $4.00. They now have a “buy” rating on the stock.
• 12/11/2024 – Ardagh Metal Packaging was downgraded by analysts at Bank of America Co. from a “buy” rating to an “underperform” rating. They now have a $4.00 price target on the stock, down previously from $4.90.

Ardagh Metal Packaging Price Performance

AMBP traded down $0.06 on Wednesday, hitting $2.79. The company had a trading volume of 824,030 shares, compared to its average volume of 1,501,567. Ardagh Metal Packaging S.A. has a 52-week low of $2.66 and a 52-week high of $4.26. The stock has a fifty day simple moving average of $3.23 and a 200-day simple moving average of $3.49. The firm has a market capitalization of $1.66 billion, a P/E ratio of -23.21, a P/E/G ratio of 0.55 and a beta of 0.65.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.34 billion. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the company earned $0.06 earnings per share. Equities research analysts expect that Ardagh Metal Packaging S.A. will post 0.16 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 Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.40 dividend on an annualized basis and a yield of 14.36%. Ardagh Metal Packaging’s dividend payout ratio is presently -333.31%.

Hedge Funds Weigh In On Ardagh Metal Packaging

Institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC grew its holdings in Ardagh Metal Packaging by 48.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,325,132 shares of the company’s stock valued at $4,505,000 after buying an additional 433,700 shares in the last quarter. HighTower Advisors LLC boosted its position in Ardagh Metal Packaging by 106.7% in the 3rd quarter. HighTower Advisors LLC now owns 32,524 shares of the company’s stock valued at $122,000 after buying an additional 16,786 shares during the period. AQR Capital Management LLC increased its holdings in Ardagh Metal Packaging by 422.4% during the 2nd quarter. AQR Capital Management LLC now owns 319,165 shares of the company’s stock worth $1,085,000 after purchasing an additional 258,067 shares during the period. Signaturefd LLC raised its holdings in shares of Ardagh Metal Packaging by 23.1% in the third quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock valued at $71,000 after acquiring an additional 3,515 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in Ardagh Metal Packaging by 15,834.1% during the third quarter. Citigroup Inc. now owns 5,104,806 shares of the company’s stock valued at $19,245,000 after buying an additional 5,072,769 shares during the period. 16.93% of the stock is owned by institutional investors.

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.