Ardagh Metal Packaging S.A. (NYSE:AMBP) Stock Has Consensus Target Price of $4.92

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have received an average recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $4.92.

AMBP has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Ardagh Metal Packaging in a research report on Thursday, August 20th. They issued a “hold” rating and a $5.20 price objective for the company. Weiss Ratings raised Ardagh Metal Packaging from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. UBS Group increased their price target on Ardagh Metal Packaging from $4.75 to $5.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Wells Fargo & Company raised their price target on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th. Finally, Citigroup reaffirmed a “buy” rating on shares of Ardagh Metal Packaging in a research report on Friday, July 24th.

Ardagh Metal Packaging Price Performance

Ardagh Metal Packaging stock opened at $4.30 on Friday. The company’s 50-day moving average is $4.94 and its 200-day moving average is $4.45. The firm has a market capitalization of $2.57 billion, a PE ratio of 71.76, a P/E/G ratio of 0.83 and a beta of 0.51. Ardagh Metal Packaging has a fifty-two week low of $3.29 and a fifty-two week high of $5.47.

Ardagh Metal Packaging (NYSE:AMBP) last issued its earnings results on Wednesday, July 22nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. Ardagh Metal Packaging had a net margin of 0.68% and a negative return on equity of 27.93%. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period last year, the business posted $0.08 EPS. Ardagh Metal Packaging’s revenue was up 17.7% on a year-over-year basis. As a group, analysts expect that Ardagh Metal Packaging will post 0.28 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.40 annualized dividend and a dividend yield of 9.3%. Ardagh Metal Packaging’s payout ratio is presently 666.67%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arini Captial Management Ltd bought a new stake in shares of Ardagh Metal Packaging during the fourth quarter worth approximately $46,109,000. Dimensional Fund Advisors LP increased its stake in shares of Ardagh Metal Packaging by 20.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,637,767 shares of the company’s stock worth $18,779,000 after purchasing an additional 801,019 shares during the period. Weiss Asset Management LP increased its stake in shares of 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 worth $18,291,000 after purchasing an additional 4,476,638 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings 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 purchasing an additional 722,974 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings 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 purchasing an additional 699,478 shares during the last quarter. Institutional investors and hedge funds own 16.93% of the company’s stock.

About Ardagh Metal Packaging

Ardagh Metal Packaging SA (NYSE:AMBP) is a global supplier of sustainable, infinitely recyclable metal packaging. The company primarily manufactures beverage cans and ends for beer, soft drinks, energy drinks, sparkling water and other beverage products, serving branded consumer-goods companies, retailers and beverage producers.

The company operates production facilities across Europe, North America and Brazil. Its products are designed for a range of beverage formats and sizes, with a focus on lightweighting, recyclability and packaging solutions that support customers’ sustainability objectives.

Ardagh Metal Packaging was formed through the separation of Ardagh Group’s metal beverage packaging operations and became a publicly traded company in 2021 following a business combination with a special purpose acquisition company.