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

Ardagh Metal Packaging S.A. (NYSE:AMBP) has been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $4.9167.

Several equities analysts recently commented on the stock. Wells Fargo & Company increased their target price on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of Ardagh Metal Packaging in a research note on Thursday. They issued a “hold” rating and a $5.20 price target for the company. Weiss Ratings raised Ardagh Metal Packaging from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 7th. Citigroup reaffirmed a “buy” rating on shares of Ardagh Metal Packaging in a research note on Friday, July 24th. Finally, UBS Group raised their target price on shares of Ardagh Metal Packaging from $4.75 to $5.00 and gave the stock a “neutral” rating in a report on Friday, July 24th.

Ardagh Metal Packaging Price Performance

AMBP opened at $5.36 on Monday. The firm has a market capitalization of $3.20 billion, a P/E ratio of 89.35, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51. Ardagh Metal Packaging has a one year low of $3.29 and a one year high of $5.47. The company has a fifty day moving average price of $4.77 and a 200-day moving average price of $4.43.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Ardagh Metal Packaging had a negative return on equity of 27.93% and a net margin of 0.68%.The business had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter last year, the business posted $0.08 earnings per share. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. On average, analysts expect that Ardagh Metal Packaging will post 0.28 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Thursday, September 10th. Ardagh Metal Packaging’s dividend payout ratio is presently 666.67%.

Institutional Trading of Ardagh Metal Packaging

A number of hedge funds have recently made changes to their positions in the stock. Optiver Holding B.V. lifted its position in Ardagh Metal Packaging by 540.2% during the first quarter. Optiver Holding B.V. now owns 7,145 shares of the company’s stock valued at $29,000 after purchasing an additional 6,029 shares during the period. Kestra Advisory Services LLC bought a new stake in Ardagh Metal Packaging in the 4th quarter worth approximately $33,000. Abel Hall LLC purchased a new stake in Ardagh Metal Packaging during the 1st quarter valued at $42,000. Dynamic Technology Lab Private Ltd purchased a new stake in Ardagh Metal Packaging during the 1st quarter valued at $43,000. Finally, Nations Financial Group Inc. IA ADV bought a new position in shares of Ardagh Metal Packaging during the 1st quarter valued at $44,000. 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.