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

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat.com reports. Six 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 brokers that have covered the stock in the last year is $4.51.

AMBP has been the subject of several analyst reports. UBS Group lowered their price target 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. Wells Fargo & Company lowered their price target 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. Weiss Ratings upgraded shares of Ardagh Metal Packaging from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th. Finally, Citigroup lowered 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 report on Friday, April 24th.

Ardagh Metal Packaging Price Performance

Shares of NYSE:AMBP opened at $3.95 on Friday. Ardagh Metal Packaging has a one year low of $3.29 and a one year high of $5.03. The company has a 50 day moving average of $4.07 and a 200-day moving average of $4.13. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 16.71, a P/E/G ratio of 0.86 and a beta of 0.54.

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

Ardagh Metal Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, June 11th. This represents a $0.40 dividend on an annualized basis and a yield of 10.1%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AMBP. 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 grew its holdings in Ardagh Metal Packaging by 11,276.2% during the first quarter. Weiss Asset Management LP now owns 4,516,338 shares of the company’s stock valued at $18,291,000 after purchasing an additional 4,476,638 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in Ardagh Metal Packaging by 603.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,357,953 shares of the company’s stock valued at $9,408,000 after purchasing an additional 2,022,889 shares during the period. Barclays PLC grew its holdings in Ardagh Metal Packaging by 242.7% during the third quarter. Barclays PLC now owns 1,834,361 shares of the company’s stock valued at $7,319,000 after purchasing an additional 1,299,132 shares during the period. Finally, Monarch Alternative Capital LP acquired a new position in Ardagh Metal Packaging during the third quarter valued at approximately $3,890,000. 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.