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

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have received an average rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $4.51.

A number of equities analysts recently issued reports on AMBP shares. Wells Fargo & Company dropped their target price on shares of Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Friday, March 20th. UBS Group reduced their price target on shares of Ardagh Metal Packaging from $4.75 to $4.25 and set a “neutral” rating for the company in a report on Friday, April 10th. Citigroup decreased their price target 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. Finally, Weiss Ratings upgraded shares of Ardagh Metal Packaging from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 29th.

Ardagh Metal Packaging Stock Down 0.1%

AMBP opened at $4.83 on Friday. The stock’s 50 day moving average price is $4.16 and its two-hundred day moving average price is $4.27. The firm has a market capitalization of $2.88 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 1.03 and a beta of 0.51. Ardagh Metal Packaging has a 12-month low of $3.29 and a 12-month high of $5.03.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly 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. As a group, analysts anticipate that Ardagh Metal Packaging will post 0.25 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors 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

Several large investors have recently added to or reduced their stakes in AMBP. Mercer Global Advisors Inc. ADV lifted its position in shares of Ardagh Metal Packaging by 15.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 16,703 shares of the company’s stock worth $68,000 after acquiring an additional 2,231 shares during the period. Cerity Partners LLC raised its stake in shares of Ardagh Metal Packaging by 9.1% in the fourth quarter. Cerity Partners LLC now owns 36,465 shares of the company’s stock valued at $150,000 after purchasing an additional 3,040 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Ardagh Metal Packaging by 27.9% in the fourth quarter. Captrust Financial Advisors now owns 15,439 shares of the company’s stock valued at $63,000 after purchasing an additional 3,369 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Ardagh Metal Packaging by 9.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 56,828 shares of the company’s stock worth $236,000 after purchasing an additional 4,741 shares during the period. Finally, HB Wealth Management LLC lifted its position in Ardagh Metal Packaging by 22.3% in the first quarter. HB Wealth Management LLC now owns 26,272 shares of the company’s stock worth $106,000 after purchasing an additional 4,787 shares during the period. Institutional investors and hedge funds 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.