Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives Consensus Rating of “Hold” from Brokerages

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have received an average recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $4.2750.

A number of equities research analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Ardagh Metal Packaging in a research note on Wednesday, October 8th. UBS Group boosted their target price on shares of Ardagh Metal Packaging from $3.75 to $4.00 and gave the company a “neutral” rating in a research report on Friday, October 24th. Raymond James Financial assumed coverage on shares of Ardagh Metal Packaging in a report on Wednesday, October 15th. They set a “market perform” rating for the company. Finally, Wells Fargo & Company dropped their price target on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 15th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AMBP. Capital Investment Advisory Services LLC bought a new position in shares of Ardagh Metal Packaging during the 3rd quarter valued at approximately $40,000. Pallas Capital Advisors LLC purchased a new position in Ardagh Metal Packaging during the second quarter valued at approximately $43,000. Capula Management Ltd bought a new position in shares of Ardagh Metal Packaging in the second quarter worth approximately $45,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Ardagh Metal Packaging in the first quarter worth approximately $33,000. Finally, Brighton Jones LLC purchased a new stake in shares of Ardagh Metal Packaging in the second quarter worth $47,000. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Trading Up 0.1%

Shares of AMBP opened at $4.05 on Wednesday. The firm has a market cap of $2.42 billion, a PE ratio of -404.50, a P/E/G ratio of 1.24 and a beta of 0.57. The firm has a fifty day simple moving average of $3.77 and a two-hundred day simple moving average of $3.92. Ardagh Metal Packaging has a 1-year low of $2.50 and a 1-year high of $4.78.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Thursday, October 23rd. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.39 billion. Ardagh Metal Packaging had a negative return on equity of 58.16% and a net margin of 0.30%.Ardagh Metal Packaging’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.08 earnings per share. As a group, research analysts forecast that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 3rd were given a dividend of $0.10 per share. The ex-dividend date was Monday, November 3rd. This represents a $0.40 annualized dividend and a yield of 9.9%. Ardagh Metal Packaging’s payout ratio is -4,000.00%.

About Ardagh Metal Packaging

Ardagh Metal Packaging (NYSE: AMBP) is a global supplier of metal packaging solutions, specializing in the production of steel and aluminum beverage cans, food cans and ends. As a segment of the Ardagh Group, the company supports a broad range of food and beverage customers, including soft drink and craft beer producers, as well as food manufacturers requiring durable, recyclable packaging. Its product portfolio encompasses two‐piece and three‐piece cans, a variety of can ends and closures, and value‐added services such as custom lithography and decorating.

The company operates a network of manufacturing plants across North America and Europe, serving both regional and multinational clients.