Ardagh Metal Packaging S.A. (NYSE:AMBP) Given Average Rating of “Hold” by Brokerages

Ardagh Metal Packaging S.A. (NYSE:AMBP) has earned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $4.51.

Several brokerages recently issued reports on AMBP. Weiss Ratings raised shares of Ardagh Metal Packaging from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. UBS Group cut their price target on shares of Ardagh Metal Packaging from $4.75 to $4.25 and set a “neutral” rating for the company in a report on Friday, April 10th. 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 report on Friday, April 24th. Finally, Wells Fargo & Company lowered their price objective on shares of 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.

Institutional Investors Weigh In On Ardagh Metal Packaging

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMBP. Kestra Advisory Services LLC acquired a new stake in Ardagh Metal Packaging in the 4th quarter valued at about $33,000. Capital Investment Advisory Services LLC acquired a new stake in Ardagh Metal Packaging in the 3rd quarter valued at about $40,000. Pallas Capital Advisors LLC acquired a new stake in Ardagh Metal Packaging in the 4th quarter valued at about $42,000. Abel Hall LLC acquired a new stake in Ardagh Metal Packaging in the 1st quarter valued at about $42,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ardagh Metal Packaging during the 1st quarter worth approximately $43,000. Institutional investors and hedge funds own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Down 1.6%

Shares of AMBP stock opened at $3.95 on Friday. Ardagh Metal Packaging has a 12-month low of $3.29 and a 12-month high of $5.03. The company has a market capitalization of $2.36 billion, a P/E ratio of 16.71, a P/E/G ratio of 0.86 and a beta of 0.54. The firm has a 50-day moving average price of $4.07 and a 200 day moving average price of $4.13.

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

Ardagh Metal Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 10.1%. The ex-dividend date is Thursday, June 11th.

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.