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

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have been given an average recommendation of “Hold” by the seven brokerages that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $4.51.

Several research firms have recently weighed in on AMBP. Citigroup dropped their price target on shares of Ardagh Metal Packaging from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Weiss Ratings raised shares of Ardagh Metal Packaging from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th. UBS Group lowered their price objective on shares of Ardagh Metal Packaging from $4.75 to $4.25 and set a “neutral” rating for the company in a research report on Friday, April 10th. Finally, Wells Fargo & Company lowered their price objective on shares of Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating for the company in a research report on Friday, March 20th.

Hedge Funds Weigh In On Ardagh Metal Packaging

Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its holdings in Ardagh Metal Packaging by 697.8% during the 1st quarter. AQR Capital Management LLC now owns 317,625 shares of the company’s stock worth $959,000 after buying an additional 277,813 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Ardagh Metal Packaging in the first quarter valued at $43,000. Creative Planning acquired a new position in Ardagh Metal Packaging in the second quarter valued at $109,000. JPMorgan Chase & Co. boosted its stake in Ardagh Metal Packaging by 310.1% in the second quarter. JPMorgan Chase & Co. now owns 729,506 shares of the company’s stock valued at $3,122,000 after acquiring an additional 551,616 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in Ardagh Metal Packaging in the second quarter valued at $224,000. Hedge funds and other institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Price Performance

Ardagh Metal Packaging stock opened at $4.05 on Friday. The firm has a 50 day simple moving average of $4.03 and a 200-day simple moving average of $4.14. Ardagh Metal Packaging has a 1-year low of $3.29 and a 1-year high of $5.03. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 0.87 and a beta of 0.54.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.05 earnings per share for the quarter. Ardagh Metal Packaging had a net margin of 0.19% and a negative return on equity of 31.14%. The business had revenue of $1.50 billion during the quarter. Equities analysts expect that Ardagh Metal Packaging will post 0.25 earnings per share for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.9%.

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.