Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives $4.92 Average PT from Analysts

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

A number of research firms have weighed in on AMBP. Wells Fargo & Company boosted their target price on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 15th. Weiss Ratings raised Ardagh Metal Packaging from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft assumed coverage on Ardagh Metal Packaging in a research note on Thursday, August 20th. They issued a “hold” rating and a $5.20 price objective on the stock. Citigroup reissued a “buy” rating on shares of Ardagh Metal Packaging in a research report on Friday, July 24th. Finally, Wall Street Zen downgraded Ardagh Metal Packaging from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd.

Ardagh Metal Packaging Stock Down 0.2%

NYSE:AMBP opened at $5.13 on Monday. Ardagh Metal Packaging has a 12 month low of $3.29 and a 12 month high of $5.47. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 85.51, a P/E/G ratio of 0.94 and a beta of 0.51. The company’s 50 day moving average is $4.86 and its 200-day moving average is $4.44.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Ardagh Metal Packaging had a net margin of 0.68% and a negative return on equity of 27.93%. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period in the previous year, the company earned $0.08 earnings per share. Ardagh Metal Packaging’s revenue for the quarter was up 17.7% on a year-over-year basis. Research analysts predict that Ardagh Metal Packaging will post 0.28 EPS for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The firm 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 dividend of $0.10 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.8%. Ardagh Metal Packaging’s payout ratio is 666.67%.

Institutional Investors Weigh In On Ardagh Metal Packaging

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Arini Captial Management Ltd bought a new position in Ardagh Metal Packaging during the fourth quarter worth $46,109,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ardagh Metal Packaging by 3.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,392,929 shares of the company’s stock valued at $41,468,000 after purchasing an additional 323,790 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Ardagh Metal Packaging by 8.7% in 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in Ardagh Metal Packaging by 20.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,637,767 shares of the company’s stock worth $18,779,000 after purchasing an additional 801,019 shares in the last quarter. Finally, Weiss Asset Management LP lifted its position in Ardagh Metal Packaging by 11,276.2% during the 1st quarter. Weiss Asset Management LP now owns 4,516,338 shares of the company’s stock worth $18,291,000 after buying an additional 4,476,638 shares in the last quarter. Institutional investors and hedge funds 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.