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

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have earned an average rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $4.71.

Several research analysts have weighed in on AMBP shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Ardagh Metal Packaging in a report on Wednesday, January 21st. Wells Fargo & Company increased their price target on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock an “equal weight” rating in a report on Friday, February 27th. Truist Financial raised their price target on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Tuesday, January 6th. Morgan Stanley set a $4.30 price objective on Ardagh Metal Packaging in a report on Thursday, January 8th. Finally, UBS Group boosted their price objective on Ardagh Metal Packaging from $4.00 to $4.25 and gave the company a “neutral” rating in a research report on Monday, January 12th.

Ardagh Metal Packaging Stock Performance

AMBP opened at $4.53 on Monday. The firm’s fifty day moving average is $4.52 and its two-hundred day moving average is $4.03. The firm has a market cap of $2.70 billion, a PE ratio of -452.50, a price-to-earnings-growth ratio of 1.11 and a beta of 0.54. Ardagh Metal Packaging has a twelve month low of $2.53 and a twelve month high of $5.03.

Ardagh Metal Packaging (NYSE:AMBP) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. Ardagh Metal Packaging had a net margin of 0.20% and a negative return on equity of 37.42%. During the same period last year, the business posted $0.03 earnings per share. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. Equities analysts forecast that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $0.40 dividend on an annualized basis and a yield of 8.8%. Ardagh Metal Packaging’s payout ratio is presently -4,000.00%.

Institutional Investors Weigh In On Ardagh Metal Packaging

Large investors have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV raised 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 acquiring an additional 2,231 shares during the period. Cerity Partners LLC boosted its stake in Ardagh Metal Packaging by 9.1% in the 4th quarter. Cerity Partners LLC now owns 36,465 shares of the company’s stock worth $150,000 after purchasing an additional 3,040 shares during the period. R Squared Ltd increased its holdings in Ardagh Metal Packaging by 15.3% during the 3rd quarter. R Squared Ltd now owns 25,046 shares of the company’s stock worth $100,000 after purchasing an additional 3,328 shares in the last quarter. Captrust Financial Advisors increased its holdings in Ardagh Metal Packaging by 27.9% during the 4th quarter. Captrust Financial Advisors now owns 15,439 shares of the company’s stock worth $63,000 after purchasing an additional 3,369 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its stake in shares of Ardagh Metal Packaging by 11.5% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 32,897 shares of the company’s stock valued at $141,000 after purchasing an additional 3,391 shares during the period. Institutional investors own 16.93% of the company’s stock.

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.