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

Ardagh Metal Packaging S.A. (NYSE:AMBP) has been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $4.51.

Several equities analysts recently commented on the company. Wells Fargo & Company dropped their target price on Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating for the company in a research note on Friday, March 20th. UBS Group raised their price target on Ardagh Metal Packaging from $4.00 to $4.25 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Ardagh Metal Packaging in a report on Wednesday, January 21st. Morgan Stanley set a $4.30 price objective on shares of Ardagh Metal Packaging in a research note on Thursday, January 8th. Finally, Truist Financial increased their price objective on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a “hold” rating in a report on Tuesday, January 6th.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of hedge funds have recently made changes to their positions in the stock. CWA Asset Management Group LLC boosted its holdings in Ardagh Metal Packaging by 107.6% in the fourth quarter. CWA Asset Management Group LLC now owns 500,070 shares of the company’s stock valued at $2,050,000 after acquiring an additional 259,230 shares during the last quarter. Monarch Alternative Capital LP acquired a new stake in Ardagh Metal Packaging during the third quarter worth about $3,890,000. Citigroup Inc. increased its stake in Ardagh Metal Packaging by 48.4% during the third quarter. Citigroup Inc. now owns 502,580 shares of the company’s stock worth $2,005,000 after acquiring an additional 164,011 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Ardagh Metal Packaging by 538.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 645,792 shares of the company’s stock worth $2,764,000 after purchasing an additional 544,652 shares during the period. Finally, Walleye Capital LLC raised its holdings in shares of Ardagh Metal Packaging by 300.4% in the 2nd quarter. Walleye Capital LLC now owns 450,523 shares of the company’s stock worth $1,928,000 after purchasing an additional 337,992 shares during the period. Institutional investors and hedge funds own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Performance

Shares of AMBP opened at $4.10 on Friday. Ardagh Metal Packaging has a 1 year low of $2.53 and a 1 year high of $5.03. The company’s 50 day simple moving average is $4.47 and its 200 day simple moving average is $4.09. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of -409.50, a PEG ratio of 1.01 and a beta of 0.62.

Ardagh Metal Packaging (NYSE:AMBP) last released its earnings results on Thursday, February 26th. The company reported $0.03 EPS for the quarter, topping 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%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the company earned $0.03 EPS. Ardagh Metal Packaging’s revenue for the quarter was up 12.6% on a year-over-year basis. Equities analysts expect that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 12th. This represents a $0.40 annualized dividend and a yield of 9.8%. Ardagh Metal Packaging’s dividend payout ratio is -4,000.00%.

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.