Ardagh Metal Packaging (NYSE:AMBP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ardagh Metal Packaging (NYSE:AMBP) from a hold rating to a buy rating in a research report sent to investors on Saturday.

A number of other equities analysts have also recently weighed in on the company. Wells Fargo & Company boosted their price target 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. Weiss Ratings raised Ardagh Metal Packaging from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th. UBS Group lifted their price objective on Ardagh Metal Packaging from $4.75 to $5.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Citigroup reissued a “buy” rating on shares of Ardagh Metal Packaging in a research note on Friday. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $4.86.

Ardagh Metal Packaging Price Performance

AMBP stock opened at $4.84 on Friday. The company’s 50 day simple moving average is $4.38 and its 200-day simple moving average is $4.33. Ardagh Metal Packaging has a 12 month low of $3.29 and a 12 month high of $5.43. The firm has a market capitalization of $2.89 billion, a PE ratio of 80.63, a P/E/G ratio of 0.99 and a beta of 0.51.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the firm posted $0.08 EPS. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ardagh Metal Packaging will post 0.26 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Thursday, September 10th. Ardagh Metal Packaging’s payout ratio is presently 666.67%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Optiver Holding B.V. boosted its holdings in shares of Ardagh Metal Packaging by 540.2% during 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 acquired a new position in Ardagh Metal Packaging in the fourth quarter valued at $33,000. Pallas Capital Advisors LLC purchased a new position in Ardagh Metal Packaging during the fourth quarter worth about $42,000. Abel Hall LLC purchased a new position in Ardagh Metal Packaging during the first quarter worth about $42,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Ardagh Metal Packaging during the first quarter worth about $43,000. Hedge funds and other 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.