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

Ardagh Metal Packaging S.A. (NYSE:AMBP) has been given a consensus rating of “Hold” by the six brokerages that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $4.86.

A number of brokerages have recently commented on AMBP. Wall Street Zen raised Ardagh Metal Packaging from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Ardagh Metal Packaging in a research note on Friday, July 24th. UBS Group boosted their price objective on shares of Ardagh Metal Packaging from $4.75 to $5.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Wells Fargo & Company upped 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 research note on Wednesday, July 15th. Finally, Citigroup reiterated a “buy” rating on shares of Ardagh Metal Packaging in a report on Friday, July 24th.

Institutional Trading of Ardagh Metal Packaging

Several hedge funds have recently added to or reduced their stakes in AMBP. Optiver Holding B.V. lifted its holdings 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 worth $29,000 after acquiring an additional 6,029 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Ardagh Metal Packaging in the fourth quarter worth about $33,000. Pallas Capital Advisors LLC bought a new stake in shares of Ardagh Metal Packaging in the fourth quarter worth about $42,000. Abel Hall LLC acquired a new stake in shares of Ardagh Metal Packaging during the first quarter worth about $42,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ardagh Metal Packaging during the first quarter worth about $43,000. Institutional investors and hedge funds own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Down 5.1%

Shares of Ardagh Metal Packaging stock opened at $4.95 on Thursday. The business has a fifty day simple moving average of $4.43 and a 200 day simple moving average of $4.34. The stock has a market cap of $2.96 billion, a PE ratio of 82.43, a price-to-earnings-growth ratio of 1.01 and a beta of 0.51. Ardagh Metal Packaging has a 12 month low of $3.29 and a 12 month high of $5.43.

Ardagh Metal Packaging (NYSE:AMBP) last released its earnings results on Thursday, July 23rd. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the prior year, the firm posted $0.08 earnings per share. The company’s quarterly revenue was up 17.7% on a year-over-year basis. Analysts expect that Ardagh Metal Packaging will post 0.28 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.40 annualized dividend and a dividend yield of 8.1%. Ardagh Metal Packaging’s payout ratio is 666.67%.

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.