Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives $4.71 Average Price Target from Brokerages

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have been given a consensus recommendation of “Hold” by the seven brokerages that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $4.71.

AMBP has been the topic of several research analyst reports. UBS Group upped their price objective on Ardagh Metal Packaging from $4.00 to $4.25 and gave the company a “neutral” rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ardagh Metal Packaging in a research report on Wednesday, January 21st. Morgan Stanley set a $4.30 price objective on Ardagh Metal Packaging in a report on Thursday, January 8th. Wells Fargo & Company boosted their price objective on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company an “equal weight” rating in a research note on Friday, February 27th. Finally, Truist Financial increased their target price on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Tuesday, January 6th.

Ardagh Metal Packaging Stock Performance

Shares of NYSE:AMBP opened at $4.73 on Monday. The company has a market capitalization of $2.83 billion, a P/E ratio of -473.00, a price-to-earnings-growth ratio of 1.17 and a beta of 0.54. Ardagh Metal Packaging has a fifty-two week low of $2.53 and a fifty-two week high of $5.03. The company’s 50-day moving average is $4.50 and its 200 day moving average is $4.01.

Ardagh Metal Packaging (NYSE:AMBP) last released its earnings results on Thursday, February 26th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Ardagh Metal Packaging had a net margin of 0.20% and a negative return on equity of 37.42%. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the company earned $0.03 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. As a group, research analysts predict that Ardagh Metal Packaging will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Thursday, March 12th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Thursday, March 12th. Ardagh Metal Packaging’s payout ratio is currently -4,000.00%.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of large investors have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV grew its holdings in Ardagh Metal Packaging by 15.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 16,703 shares of the company’s stock valued at $68,000 after buying an additional 2,231 shares in the last quarter. Cerity Partners LLC increased its holdings in Ardagh Metal Packaging by 9.1% during the 4th quarter. Cerity Partners LLC now owns 36,465 shares of the company’s stock worth $150,000 after acquiring an additional 3,040 shares during the period. R Squared Ltd increased its holdings in Ardagh Metal Packaging by 15.3% during the 3rd quarter. R Squared Ltd now owns 25,046 shares of the company’s stock worth $100,000 after acquiring an additional 3,328 shares during the period. Captrust Financial Advisors lifted its stake in Ardagh Metal Packaging by 27.9% in the 4th quarter. Captrust Financial Advisors now owns 15,439 shares of the company’s stock worth $63,000 after purchasing an additional 3,369 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey boosted its stake in Ardagh Metal Packaging by 11.5% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 32,897 shares of the company’s stock valued at $141,000 after buying an additional 3,391 shares during the period. 16.93% of the stock is owned by institutional investors.

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.