Ardagh Metal Packaging (NYSE:AMBP) Research Coverage Started at Morgan Stanley

Posted by Defense World Staff on Mar 19th, 2024

Morgan Stanley started coverage on shares of Ardagh Metal Packaging (NYSE:AMBP – Free Report) in a report issued on Monday morning, MarketBeat Ratings reports. The firm issued an underweight rating and a $3.20 price objective on the stock.

Other research analysts have also issued reports about the stock. Truist Financial restated a hold rating and set a $3.00 target price (down from $4.00) on shares of Ardagh Metal Packaging in a research report on Monday, February 26th. Barclays lowered shares of Ardagh Metal Packaging from an overweight rating to an equal weight rating and set a $4.00 target price on the stock. in a research report on Monday, January 8th. Wells Fargo & Company lowered their target price on shares of Ardagh Metal Packaging from $4.00 to $3.70 and set an equal weight rating on the stock in a research report on Friday, February 23rd. Finally, UBS Group started coverage on shares of Ardagh Metal Packaging in a research report on Tuesday, January 16th. They set a buy rating and a $5.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $4.36.

Read Our Latest Analysis on AMBP

Ardagh Metal Packaging Trading Down 2.6 %

Shares of Ardagh Metal Packaging stock opened at $3.38 on Monday. Ardagh Metal Packaging has a 52-week low of $2.57 and a 52-week high of $4.29. 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 company’s 50-day simple moving average is $3.60 and its 200-day simple moving average is $3.51. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of -28.33, a price-to-earnings-growth ratio of 0.63 and a beta of 0.73.

Ardagh Metal Packaging (NYSE:AMBP – Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Ardagh Metal Packaging had a positive return on equity of 38.48% and a negative net margin of 1.04%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm earned $0.05 earnings per share. The company’s revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Ardagh Metal Packaging will post 0.19 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th will be given a $0.10 dividend. The ex-dividend date is Tuesday, March 12th. This represents a $0.40 annualized dividend and a dividend yield of 11.83%. Ardagh Metal Packaging’s dividend payout ratio is presently -333.33%.

Institutional Trading of Ardagh Metal Packaging

Several large investors have recently modified their holdings of the business. UBS Group AG grew its position in shares of Ardagh Metal Packaging by 43.1% in the second quarter. UBS Group AG now owns 6,028 shares of the company’s stock valued at $37,000 after purchasing an additional 1,815 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co lifted its stake in shares of Ardagh Metal Packaging by 0.7% during the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 435,522 shares of the company’s stock valued at $1,363,000 after buying an additional 2,915 shares during the period. MetLife Investment Management LLC lifted its stake in shares of Ardagh Metal Packaging by 66.8% during the second quarter. MetLife Investment Management LLC now owns 8,391 shares of the company’s stock valued at $32,000 after buying an additional 3,359 shares during the period. Greenwich Wealth Management LLC lifted its stake in shares of Ardagh Metal Packaging by 29.7% during the third quarter. Greenwich Wealth Management LLC now owns 14,780 shares of the company’s stock valued at $46,000 after buying an additional 3,388 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Ardagh Metal Packaging by 13.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,959 shares of the company’s stock valued at $108,000 after buying an additional 3,412 shares during the period. 17.33% of the stock is currently owned by institutional investors and hedge funds.

Ardagh Metal Packaging Company Profile

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Ardagh Metal Packaging (NYSE:AMBP)

Receive News & Ratings for Ardagh Metal Packaging Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Ardagh Metal Packaging and related companies with MarketBeat.com’s FREE daily email newsletter.