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

Ardagh Metal Packaging S.A. (NYSE:AMBP) has received a consensus rating of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $4.51.

A number of equities research analysts recently issued reports on the stock. Citigroup lowered their target price on shares of Ardagh Metal Packaging from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. UBS Group reduced their price target on Ardagh Metal Packaging from $4.75 to $4.25 and set a “neutral” rating for the company in a research report on Friday, April 10th. Weiss Ratings upgraded Ardagh Metal Packaging from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company lowered their price objective 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.

Ardagh Metal Packaging Stock Performance

Shares of NYSE:AMBP opened at $4.83 on Friday. The stock has a 50-day simple moving average of $4.16 and a 200-day simple moving average of $4.27. The stock has a market capitalization of $2.88 billion, a P/E ratio of 20.12, a PEG ratio of 1.03 and a beta of 0.51. Ardagh Metal Packaging has a 1 year low of $3.29 and a 1 year high of $5.03.

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

Ardagh Metal Packaging Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.40 dividend on an annualized basis and a yield of 8.3%.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of institutional investors have recently modified their holdings of AMBP. Arini Captial Management Ltd bought a new stake in shares of Ardagh Metal Packaging during the 4th quarter worth $46,109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Ardagh Metal Packaging by 3.2% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,392,929 shares of the company’s stock worth $41,468,000 after acquiring an additional 323,790 shares during the period. Goldman Sachs Group Inc. lifted its position in Ardagh Metal Packaging by 8.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 6,791,368 shares of the company’s stock worth $27,845,000 after acquiring an additional 545,227 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Ardagh Metal Packaging by 20.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,637,767 shares of the company’s stock worth $18,779,000 after acquiring an additional 801,019 shares during the last quarter. Finally, Weiss Asset Management LP boosted its holdings in 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 valued at $18,291,000 after acquiring an additional 4,476,638 shares during the period. Institutional investors own 16.93% of the company’s stock.

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.