Ardagh Metal Packaging S.A. (NYSE:AMBP) Given Average Rating of “Hold” by Brokerages

Ardagh Metal Packaging S.A. (NYSE:AMBP) has been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $4.51.

Several equities analysts have recently commented on the company. Truist Financial boosted their price objective on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ardagh Metal Packaging in a research report on Wednesday, January 21st. UBS Group lifted their target price on Ardagh Metal Packaging from $4.00 to $4.25 and gave the company a “neutral” rating in a research note on Monday, January 12th. Wells Fargo & Company lowered their price target on Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Friday, March 20th. Finally, Morgan Stanley set a $4.30 price target on Ardagh Metal Packaging in a research note on Thursday, January 8th.

Ardagh Metal Packaging Stock Performance

Shares of NYSE AMBP traded down $0.01 during midday trading on Friday, reaching $4.15. The stock had a trading volume of 191,180 shares, compared to its average volume of 1,481,365. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of -413.30, a price-to-earnings-growth ratio of 1.05 and a beta of 0.54. Ardagh Metal Packaging has a 12-month low of $2.53 and a 12-month high of $5.03. The stock has a 50-day moving average of $4.50 and a 200-day moving average of $4.07.

Ardagh Metal Packaging (NYSE:AMBP) last issued its earnings results on Thursday, February 26th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. Ardagh Metal Packaging had a net margin of 0.20% and a negative return on equity of 37.42%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm posted $0.03 EPS. Ardagh Metal Packaging’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, 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, March 26th. Stockholders of record on Thursday, March 12th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 9.7%. The ex-dividend date of this dividend was Thursday, March 12th. Ardagh Metal Packaging’s payout ratio is -4,000.00%.

Hedge Funds Weigh In On Ardagh Metal Packaging

Institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC purchased a new stake in Ardagh Metal Packaging in the 4th quarter worth $33,000. Capital Investment Advisory Services LLC bought a new position in Ardagh Metal Packaging during the third quarter valued at approximately $40,000. Pallas Capital Advisors LLC bought a new position in Ardagh Metal Packaging during the fourth quarter valued at approximately $42,000. Capula Management Ltd purchased a new position in Ardagh Metal Packaging during the 2nd quarter valued at approximately $45,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Ardagh Metal Packaging by 13,495.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 10,876 shares of the company’s stock valued at $45,000 after buying an additional 10,796 shares in the last quarter. 16.93% of the stock is owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Company Profile

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.