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

Ardagh Metal Packaging S.A. (NYSE:AMBP) has received a consensus rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Six 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 $4.51.

Several research analysts have recently commented on the company. Wells Fargo & Company reduced their target price on Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Friday, March 20th. Citigroup reduced their target price on Ardagh Metal Packaging from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, April 24th. UBS Group reduced their target price on Ardagh Metal Packaging from $4.75 to $4.25 and set a “neutral” rating for the company in a research note on Friday, April 10th. Finally, Weiss Ratings upgraded Ardagh Metal Packaging from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th.

Institutional Investors Weigh In On Ardagh Metal Packaging

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Ardagh Metal Packaging by 15.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 16,703 shares of the company’s stock worth $68,000 after buying an additional 2,231 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Ardagh Metal Packaging by 9.1% during the fourth quarter. Cerity Partners LLC now owns 36,465 shares of the company’s stock worth $150,000 after buying an additional 3,040 shares in the last quarter. R Squared Ltd lifted its holdings in shares of Ardagh Metal Packaging by 15.3% during the third quarter. R Squared Ltd now owns 25,046 shares of the company’s stock worth $100,000 after buying an additional 3,328 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Ardagh Metal Packaging by 27.9% during the fourth quarter. Captrust Financial Advisors now owns 15,439 shares of the company’s stock worth $63,000 after buying an additional 3,369 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Ardagh Metal Packaging by 9.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 56,828 shares of the company’s stock worth $236,000 after buying an additional 4,741 shares in the last quarter. Institutional investors and hedge funds own 16.93% of the company’s stock.

Ardagh Metal Packaging Trading Up 2.7%

Shares of NYSE AMBP opened at $4.36 on Wednesday. Ardagh Metal Packaging has a 12 month low of $3.29 and a 12 month high of $5.03. The stock has a 50 day moving average of $4.03 and a 200-day moving average of $4.21. The company has a market capitalization of $2.60 billion, a P/E ratio of 17.67, a P/E/G ratio of 0.90 and a beta of 0.55.

Ardagh Metal Packaging (NYSE:AMBP) last issued its earnings results on Tuesday, March 31st. The company reported $0.05 EPS for the quarter. Ardagh Metal Packaging had a negative return on equity of 31.14% and a net margin of 0.19%.The company had revenue of $1.50 billion during the quarter. Analysts predict that Ardagh Metal Packaging will post 0.25 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend is Thursday, June 11th.

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.