Ardagh Metal Packaging S.A. (NYSE:AMBP – Get Rating) has been assigned a consensus recommendation of “Buy” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $11.48.
A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Ardagh Metal Packaging from a “hold” rating to a “sell” rating in a research report on Wednesday, May 18th. Barclays dropped their price target on shares of Ardagh Metal Packaging from $10.00 to $9.00 in a research report on Monday, May 2nd. Morgan Stanley assumed coverage on shares of Ardagh Metal Packaging in a research report on Thursday, May 19th. They issued an “equal weight” rating and a $7.20 price target for the company. Wells Fargo & Company dropped their price target on shares of Ardagh Metal Packaging from $13.60 to $13.10 and set an “overweight” rating for the company in a research report on Wednesday, April 13th. Finally, Credit Suisse Group dropped their price target on shares of Ardagh Metal Packaging from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Friday, February 25th.
NYSE AMBP traded up $0.21 during trading hours on Friday, hitting $6.21. 1,364,027 shares of the company’s stock traded hands, compared to its average volume of 1,408,869. The business’s fifty day moving average price is $7.36 and its two-hundred day moving average price is $8.40. The company has a debt-to-equity ratio of 9.90, a quick ratio of 0.90 and a current ratio of 1.19. Ardagh Metal Packaging has a 52 week low of $5.35 and a 52 week high of $12.43.
The firm also recently declared a — dividend, which will be paid on Tuesday, June 28th. Investors of record on Tuesday, June 14th will be paid a dividend of $0.10 per share. This represents a yield of 5.6%. The ex-dividend date is Monday, June 13th.
A number of institutional investors have recently added to or reduced their stakes in AMBP. Advisor Group Holdings Inc. purchased a new stake in Ardagh Metal Packaging during the third quarter valued at $45,000. Principal Financial Group Inc. purchased a new stake in Ardagh Metal Packaging during the first quarter valued at $87,000. LPL Financial LLC purchased a new stake in Ardagh Metal Packaging during the fourth quarter valued at $91,000. Envestnet Asset Management Inc. purchased a new stake in Ardagh Metal Packaging during the fourth quarter valued at $96,000. Finally, Wells Fargo & Company MN raised its stake in Ardagh Metal Packaging by 24.4% during the fourth quarter. Wells Fargo & Company MN now owns 10,573 shares of the company’s stock valued at $96,000 after purchasing an additional 2,073 shares in the last quarter.
About Ardagh Metal Packaging (Get Rating)
Ardagh Metal Packaging SA 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.
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