Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives $4.86 Average PT from Brokerages

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $4.86.

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. Wall Street Zen raised Ardagh Metal Packaging from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. UBS Group boosted their target price on Ardagh Metal Packaging from $4.75 to $5.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ardagh Metal Packaging in a research note on Friday, July 24th. Finally, Citigroup reiterated a “buy” rating on shares of Ardagh Metal Packaging in a research report on Friday, July 24th.

Ardagh Metal Packaging Stock Performance

Shares of NYSE:AMBP opened at $5.09 on Thursday. Ardagh Metal Packaging has a 52-week low of $3.29 and a 52-week high of $5.43. The firm has a fifty day moving average of $4.51 and a 200 day moving average of $4.36. The firm has a market capitalization of $3.05 billion, a PE ratio of 84.93, a price-to-earnings-growth ratio of 0.96 and a beta of 0.51.

Ardagh Metal Packaging (NYSE:AMBP) last released its earnings results on Thursday, July 23rd. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Ardagh Metal Packaging had a negative return on equity of 27.93% and a net margin of 0.68%.The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the firm earned $0.08 earnings per share. The firm’s revenue was up 17.7% on a year-over-year basis. On average, sell-side analysts forecast that Ardagh Metal Packaging will post 0.28 EPS for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Thursday, September 10th. Ardagh Metal Packaging’s payout ratio is presently 666.67%.

Hedge Funds Weigh In On Ardagh Metal Packaging

Institutional investors and hedge funds have recently made changes to their positions in the business. Optiver Holding B.V. lifted its stake in Ardagh Metal Packaging by 540.2% in the first quarter. Optiver Holding B.V. now owns 7,145 shares of the company’s stock worth $29,000 after purchasing an additional 6,029 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Ardagh Metal Packaging during the fourth quarter valued at about $33,000. Pallas Capital Advisors LLC bought a new position in Ardagh Metal Packaging during the 4th quarter valued at approximately $42,000. Abel Hall LLC bought a new position in shares of Ardagh Metal Packaging during the first quarter valued at approximately $42,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Ardagh Metal Packaging in the 1st quarter worth $43,000. Institutional investors own 16.93% of the company’s stock.

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.