Ardagh Metal Packaging (NYSE:AMBP) Stock Bumped Down to “Hold” by Wall Street Zen

Wall Street Zen cut shares of Ardagh Metal Packaging (NYSE:AMBP) from a buy rating to a hold rating in a report issued on Saturday,Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings upgraded Ardagh Metal Packaging from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft assumed coverage on Ardagh Metal Packaging in a report on Thursday, August 20th. They issued a “hold” rating and a $5.20 price target for the company. Citigroup reiterated a “buy” rating on shares of Ardagh Metal Packaging in a research report on Friday, July 24th. UBS Group lowered their price target on Ardagh Metal Packaging from $5.00 to $4.50 and set a “neutral” rating on the stock in a research report on Monday, October 5th. Finally, Wells Fargo & Company raised their price objective on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.83.

Ardagh Metal Packaging Stock Performance

AMBP stock opened at $4.67 on Friday. Ardagh Metal Packaging has a one year low of $3.29 and a one year high of $5.47. The firm’s fifty day moving average is $4.80 and its 200 day moving average is $4.48. The firm has a market cap of $2.79 billion, a PE ratio of 77.76, a P/E/G ratio of 0.84 and a beta of 0.50.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Ardagh Metal Packaging had a net margin of 0.68% and a negative return on equity of 27.93%. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The company’s revenue was up 17.7% compared to the same quarter last year. Research analysts predict that Ardagh Metal Packaging will post 0.27 earnings per share for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, September 10th. This represents a $0.40 dividend on an annualized basis and a yield of 8.6%. Ardagh Metal Packaging’s dividend payout ratio is currently 666.67%.

Institutional Trading of Ardagh Metal Packaging

Institutional investors have recently modified their holdings of the stock. Weiss Asset Management LP increased its stake in shares of Ardagh Metal Packaging by 11,276.2% during the first quarter. Weiss Asset Management LP now owns 4,516,338 shares of the company’s stock worth $18,291,000 after purchasing an additional 4,476,638 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Ardagh Metal Packaging by 28.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,269,861 shares of the company’s stock valued at $13,243,000 after buying an additional 722,974 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ardagh Metal Packaging by 20.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,637,767 shares of the company’s stock worth $18,779,000 after buying an additional 801,019 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Ardagh Metal Packaging by 31.9% in the 1st quarter. Renaissance Technologies LLC now owns 2,894,210 shares of the company’s stock worth $11,722,000 after buying an additional 699,478 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Ardagh Metal Packaging by 139.6% in the 1st quarter. Bank of America Corp DE now owns 249,581 shares of the company’s stock worth $1,011,000 after buying an additional 145,418 shares during the last quarter. Institutional investors and hedge funds own 16.93% of the company’s stock.

Key Headlines Impacting Ardagh Metal Packaging

Here are the key news stories impacting Ardagh Metal Packaging this week:

• Positive Sentiment: Sale process can proceed: Ardagh’s parent said it may continue pursuing a sale of its metals packaging business after the court ruling removed the restriction. A completed transaction could provide liquidity and potentially clarify AMBP’s ownership structure. Ardagh Metal Packaging Parent Says Sale Can Proceed After Judge Withdraws Order Blocking Process
• Neutral Sentiment: RBC remains cautious: RBC Capital reaffirmed its Hold rating and kept a $5.00 price target, indicating the firm sees only modest potential upside from recent trading levels. RBC Capital Reaffirms Their Hold Rating on Ardagh Metal Packaging
• Neutral Sentiment: Peer-performance comparison: A market analysis compares AMBP’s year-to-date performance with Constellium and other industrial-products companies, providing sector context but no new company-specific fundamental catalyst. Is Ardagh Metal Packaging Stock Outpacing Its Industrial Products Peers This Year?
• Negative Sentiment: Takeover expectations have faded: Truist said Ardagh is unlikely to receive an offer from major industry participants Ball or Crown, reducing the possibility of a near-term acquisition premium. Ardagh Metal Unlikely to Get Offer From Ball, Crown, Truist Says
• Negative Sentiment: Earnings and balance-sheet concerns: AMBP reports next week, but Zacks says the company lacks the indicators typically associated with an earnings beat. Analysts and commentary also continue to highlight leverage and the need to improve the balance sheet, increasing downside risk if results or guidance disappoint. Ardagh Metal Packaging Reports Next Week

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging SA (NYSE: AMBP) is a global supplier of sustainable metal packaging for beverage manufacturers. The company produces aluminum and steel beverage cans, can ends and specialty containers used for products including carbonated soft drinks, beer, energy drinks and other ready-to-drink beverages.

Ardagh Metal Packaging serves major beverage companies and brand owners through manufacturing operations in Europe, North America and Brazil. Its products are designed to support brand differentiation, convenient consumption and the circular-economy benefits of metal packaging, which can be recycled repeatedly without losing its essential properties.

The company was formed from the beverage can business of Ardagh Group and became a publicly traded company in 2021 through a business combination with Gores Holdings V.