Recent changes in Ardagh Metal Packaging (AMBP) investment analyst ratings


Several brokerage companies have updated their recommendations and price targets for Ardagh metal packaging (NYSE: AMBP) in the last few weeks:

  • June 14, 2022 – The price target of Ardagh Metal Packaging was reduced by analysts at Credit Suisse Group AG from $ 12.00 to $ 10.00. Now they have a rating “superior” to the shares.
  • June 9, 2022 – Ardagh Metal Packaging was downgraded by Wells Fargo & Company analysts from an overweight rating to an “equal weight” rating. They now have a target price of $ 6.80 per share, a previously $ 9.65 drop.
  • 6/6/2022 – Ardagh Metal Packaging has been upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a target price of $ 9.00 per share.
  • June 2, 2022 – The price of Ardagh Metal Packaging was raised by analysts at Morgan Stanley from $ 7.20 to $ 7.50. They now have an “equal weight” rating on the shares.
  • May 19, 2022 – Ardagh Metal Packaging is already covered by analysts from Morgan Stanley. They set an “equal weight” rating and a price target for the stock of $ 7.20.
  • May 2, 2022 – The price of Ardagh Metal Packaging was reduced by analysts at Barclays PLC from $ 10.00 to $ 9.00.

Shares of NYSE: AMBP opened at $ 5.99 on Tuesday. The company has a 50-day moving average of $ 6.67 and a 200-day moving average of $ 7.99. The company has a debt to equity ratio of 9.90, a fast ratio of 0.90 and a current ratio of 1.19. Ardagh Metal Packaging SA has a 12-month low of $ 5.35 and a 12-month high of $ 12.43.

Ardagh Metal Packaging (NYSE: AMBP – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The company reported $ 0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $ 0.06 by $ 0.02. The company had revenue of $ 1.14 billion for the quarter, compared to analysts’ estimates of $ 1.12 billion. As a group, stock research analysts predict that Ardagh Metal Packaging SA will report 0.42 earnings per share for the current fiscal year.

The company also recently revealed a dividend that will be paid on Tuesday, June 28. The record shareholders on Tuesday, June 14, will receive a dividend of $ 0.10. This represents a dividend yield of 5.6%. The date of the former dividend is Monday, June 13.

A number of institutional investors and hedge funds have recently added or reduced their stakes in AMBP. Canyon Capital Advisors LLC increased its stake in Ardagh Metal Packaging by 1.1% in the first quarter. Canyon Capital Advisors LLC already owns 10,154,743 shares of the company’s stock worth $ 82,558,000 after buying an additional 107,901 shares in the last quarter. Weiss Multi Strategy Advisers LLC increased its position in shares of Ardagh Metal Packaging by 5.3% in the 4th quarter. Weiss Multi Strategy Advisers LLC already owns 6,534,591 shares of the company’s stock worth $ 59,007,000 after purchasing an additional 330,072 shares in the last quarter. Massachusetts Financial Services Co. MA rose 22.6% in Ardagh Metal Packaging in the first quarter. Massachusetts Financial Services Co. MA already owns 5,652,158 shares of the company’s stock worth $ 45,952,000 after buying an additional 1,040,290 shares in the last quarter. Diameter Capital Partners LP increased its position in shares of Ardagh Metal Packaging by 67.5% in the 4th quarter. Diameter Capital Partners LP already owns 5,026,052 shares of the company’s stock worth $ 45,385,000 after purchasing an additional 2,026,052 shares in the last quarter. Finally, Loews Corp increased its position in Ardagh Metal Packaging by 15.1% in the first quarter. Loews Corp. now owns 4,000,000 shares of the company’s stock worth $ 32,520,000 after buying an additional 525,000 shares in the last quarter.

Ardagh Metal Packaging SA supplies metal beverage cans to Europe, the United States and Brazil. Its products are used in a variety of end-use categories, including beer, carbonated soft drinks, energy drinks, hard celery, juices, pre-blended cocktails, teas, carbonated waters and wine. The company serves beverage producers.

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