Ardagh Metal Packaging S.A. (NYSE:AMBP) Stock Has Consensus Price Target of $4.83

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have earned a consensus rating of “Hold” from the seven analysts that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $4.83.

AMBP has been the topic of several analyst reports. Wall Street Zen upgraded shares of Ardagh Metal Packaging from a “hold” rating to a “buy” rating in a research note on Saturday, September 19th. Citigroup reaffirmed a “buy” rating on shares of Ardagh Metal Packaging in a research note on Friday, July 24th. Wells Fargo & Company upped their price objective on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft began coverage on shares of Ardagh Metal Packaging in a report on Thursday, August 20th. They issued a “hold” rating and a $5.20 price objective for the company. Finally, UBS Group lowered their target price on shares of Ardagh Metal Packaging from $5.00 to $4.50 and set a “neutral” rating on the stock in a research report on Monday, October 5th.

Institutional Trading of Ardagh Metal Packaging

Large investors have recently made changes to their positions in the stock. Arini Captial Management Ltd acquired a new position in Ardagh Metal Packaging during the fourth quarter valued at approximately $46,109,000. Weiss Asset Management LP raised its holdings in Ardagh Metal Packaging by 11,276.2% in the 1st quarter. Weiss Asset Management LP now owns 4,516,338 shares of the company’s stock worth $18,291,000 after acquiring an additional 4,476,638 shares during the period. Dimensional Fund Advisors LP lifted its position in Ardagh Metal Packaging by 20.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,637,767 shares of the company’s stock worth $18,779,000 after acquiring an additional 801,019 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Ardagh Metal Packaging by 28.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,269,861 shares of the company’s stock worth $13,243,000 after acquiring an additional 722,974 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in Ardagh Metal Packaging by 31.9% during the 1st quarter. Renaissance Technologies LLC now owns 2,894,210 shares of the company’s stock worth $11,722,000 after acquiring an additional 699,478 shares during the last quarter. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Performance

Shares of AMBP opened at $4.30 on Tuesday. The firm has a market cap of $2.57 billion, a PE ratio of 71.61, a PEG ratio of 0.78 and a beta of 0.50. The firm’s 50 day moving average price is $4.84 and its 200 day moving average price is $4.47. Ardagh Metal Packaging has a twelve month low of $3.29 and a twelve month high of $5.47.

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

Ardagh Metal Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.3%. Ardagh Metal Packaging’s payout ratio is currently 666.67%.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging SA (NYSE: AMBP) is a global supplier of sustainable metal packaging for beverage manufacturers. The company produces aluminum and steel beverage cans, can ends and specialty containers used for products including carbonated soft drinks, beer, energy drinks and other ready-to-drink beverages.

Ardagh Metal Packaging serves major beverage companies and brand owners through manufacturing operations in Europe, North America and Brazil. Its products are designed to support brand differentiation, convenient consumption and the circular-economy benefits of metal packaging, which can be recycled repeatedly without losing its essential properties.

The company was formed from the beverage can business of Ardagh Group and became a publicly traded company in 2021 through a business combination with Gores Holdings V.