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

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have been given a consensus rating of “Hold” by the six analysts that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $4.51.

AMBP has been the subject of several research analyst reports. Weiss Ratings raised shares of Ardagh Metal Packaging from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th. Wells Fargo & Company decreased their price target on shares of Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating for the company in a report on Friday, March 20th. Citigroup lowered their price objective on shares of Ardagh Metal Packaging from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, April 24th. Finally, UBS Group cut their target price on Ardagh Metal Packaging from $4.75 to $4.25 and set a “neutral” rating on the stock in a research report on Friday, April 10th.

Ardagh Metal Packaging Stock Up 0.1%

Shares of Ardagh Metal Packaging stock traded up $0.01 during trading on Friday, reaching $4.63. The company’s stock had a trading volume of 1,146,353 shares, compared to its average volume of 2,261,396. Ardagh Metal Packaging has a 1-year low of $3.29 and a 1-year high of $5.03. The company has a 50-day simple moving average of $4.24 and a two-hundred day simple moving average of $4.29. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 0.99 and a beta of 0.51.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.05 EPS for the quarter. The company had revenue of $1.50 billion during the quarter. Ardagh Metal Packaging had a negative return on equity of 31.14% and a net margin of 0.19%. As a group, analysts anticipate that Ardagh Metal Packaging will post 0.25 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 11th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.6%.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of institutional investors have recently bought and sold shares of AMBP. CWA Asset Management Group LLC lifted its position in shares of Ardagh Metal Packaging by 107.6% during the 4th quarter. CWA Asset Management Group LLC now owns 500,070 shares of the company’s stock valued at $2,050,000 after buying an additional 259,230 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Ardagh Metal Packaging by 46.4% during the third quarter. JPMorgan Chase & Co. now owns 1,068,046 shares of the company’s stock worth $4,262,000 after purchasing an additional 338,540 shares in the last quarter. Monarch Alternative Capital LP acquired a new position in Ardagh Metal Packaging in the 3rd quarter valued at $3,890,000. Citigroup Inc. lifted its holdings in Ardagh Metal Packaging by 48.4% in the 3rd quarter. Citigroup Inc. now owns 502,580 shares of the company’s stock valued at $2,005,000 after purchasing an additional 164,011 shares in the last quarter. Finally, Arini Captial Management Ltd acquired a new stake in Ardagh Metal Packaging during the 4th quarter worth $46,109,000. 16.93% of the stock is owned by hedge funds and other institutional investors.

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.