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

Ardagh Metal Packaging S.A. (NYSE:AMBP) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $4.38.

A number of research analysts recently weighed in on the company. Wells Fargo & Company cut their price objective on 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. Truist Financial upped their price target on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a “hold” rating in a report on Tuesday, January 6th. UBS Group set a $3.60 price objective on Ardagh Metal Packaging in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ardagh Metal Packaging in a research report on Wednesday, October 8th. Finally, Raymond James Financial assumed coverage on shares of Ardagh Metal Packaging in a report on Wednesday, October 15th. They issued a “market perform” rating on the stock.

Ardagh Metal Packaging Price Performance

AMBP stock opened at $4.26 on Friday. Ardagh Metal Packaging has a 12 month low of $2.50 and a 12 month high of $4.78. The firm has a market cap of $2.54 billion, a PE ratio of -425.50, a P/E/G ratio of 0.96 and a beta of 0.55. The firm has a 50 day simple moving average of $3.88 and a 200 day simple moving average of $3.92.

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

Ardagh Metal Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 9.4%. Ardagh Metal Packaging’s dividend payout ratio is currently -4,000.00%.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of hedge funds and other institutional investors have recently bought and sold shares of AMBP. Capital Investment Advisory Services LLC acquired a new stake in shares of Ardagh Metal Packaging during the 3rd quarter worth about $40,000. Pallas Capital Advisors LLC bought a new position in Ardagh Metal Packaging in the 2nd quarter valued at about $43,000. Capula Management Ltd acquired a new stake in Ardagh Metal Packaging during the second quarter worth approximately $45,000. Brighton Jones LLC acquired a new position in shares of Ardagh Metal Packaging in the second quarter valued at approximately $47,000. Finally, Captrust Financial Advisors bought a new position in shares of Ardagh Metal Packaging during the second quarter worth approximately $47,000. 16.93% of the stock is owned by institutional investors.

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.