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

Ardagh Metal Packaging S.A. (NYSE:AMBP) has received a consensus rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat.com 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 analysts that have issued ratings on the stock in the last year is $4.38.

Several analysts recently issued reports on AMBP shares. Truist Financial boosted their price objective on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a “hold” rating in a report on Tuesday, January 6th. Wells Fargo & Company reduced their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 15th. Morgan Stanley set a $4.30 price target on Ardagh Metal Packaging in a report on Thursday. Raymond James Financial began coverage on Ardagh Metal Packaging in a research report on Wednesday, October 15th. They set a “market perform” rating on the stock. Finally, UBS Group set a $3.60 price target on shares of Ardagh Metal Packaging in a research note on Monday, January 5th.

Institutional Investors Weigh In On Ardagh Metal Packaging

A number of hedge funds have recently added to or reduced their stakes in AMBP. Capital Investment Advisory Services LLC purchased a new stake in shares of Ardagh Metal Packaging in the third quarter valued at about $40,000. Pallas Capital Advisors LLC acquired a new stake in Ardagh Metal Packaging in the 2nd quarter valued at $43,000. Dynamic Technology Lab Private Ltd acquired a new stake in Ardagh Metal Packaging during the 1st quarter valued at $43,000. Capula Management Ltd acquired a new stake in shares of Ardagh Metal Packaging during the second quarter worth approximately $45,000. Finally, Guardian Capital LP acquired a new position in shares of Ardagh Metal Packaging in the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 16.93% of the company’s stock.

Ardagh Metal Packaging Trading Down 2.2%

Ardagh Metal Packaging stock opened at $4.26 on Friday. The stock has a fifty day simple moving average of $3.88 and a two-hundred day simple moving average of $3.92. Ardagh Metal Packaging has a 12 month low of $2.50 and a 12 month high of $4.78. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of -425.50, a PEG ratio of 0.96 and a beta of 0.55.

Ardagh Metal Packaging (NYSE:AMBP) last announced its earnings results on Thursday, October 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Ardagh Metal Packaging had a negative return on equity of 58.16% and a net margin of 0.30%.The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 EPS. On average, equities research analysts forecast that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 3rd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 9.4%. The ex-dividend date was Monday, November 3rd. Ardagh Metal Packaging’s payout ratio is -4,000.00%.

About Ardagh Metal Packaging

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.