Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives $4.51 Average PT from Brokerages

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $4.51.

Several research firms recently weighed in on AMBP. Truist Financial upped their price target on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a “hold” rating in a research note on Tuesday, January 6th. UBS Group boosted their target price on Ardagh Metal Packaging from $4.00 to $4.25 and gave the stock a “neutral” rating in a report on Monday, January 12th. Morgan Stanley set a $4.30 target price on Ardagh Metal Packaging in a research note on Thursday, January 8th. Wells Fargo & Company lowered their price target on 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. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ardagh Metal Packaging in a research note on Wednesday, January 21st.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in Ardagh Metal Packaging in the 4th quarter valued at approximately $33,000. Capital Investment Advisory Services LLC bought a new stake in shares of Ardagh Metal Packaging in the 3rd quarter worth $40,000. Pallas Capital Advisors LLC purchased a new position in shares of Ardagh Metal Packaging in the fourth quarter worth $42,000. Capula Management Ltd bought a new position in shares of Ardagh Metal Packaging during the second quarter valued at $45,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Ardagh Metal Packaging by 13,495.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 10,876 shares of the company’s stock valued at $45,000 after purchasing an additional 10,796 shares in the last quarter. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Price Performance

Shares of Ardagh Metal Packaging stock opened at $3.95 on Friday. Ardagh Metal Packaging has a 1 year low of $2.53 and a 1 year high of $5.03. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of -394.50, a PEG ratio of 0.97 and a beta of 0.53. The company has a 50-day moving average of $4.49 and a 200 day moving average of $4.08.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.03 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm posted $0.03 earnings per share. Ardagh Metal Packaging’s quarterly revenue was up 12.6% on a year-over-year basis. On average, equities analysts anticipate that Ardagh Metal Packaging will post 0.16 EPS for the current year.

Ardagh Metal Packaging Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Thursday, March 12th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 10.1%. The ex-dividend date was Thursday, March 12th. Ardagh Metal Packaging’s dividend payout ratio is currently -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.