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

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $4.51.

AMBP has been the topic of a number of research analyst reports. Citigroup reduced their target price on Ardagh Metal Packaging from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Wells Fargo & Company cut their price objective on Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating on the stock in a report on Friday, March 20th. UBS Group reduced their price objective on Ardagh Metal Packaging from $4.75 to $4.25 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Finally, 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.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of hedge funds have recently made changes to their positions in the business. Optiver Holding B.V. boosted its position in Ardagh Metal Packaging by 540.2% during the 1st 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 period. Kestra Advisory Services LLC acquired a new stake in Ardagh Metal Packaging in the 4th quarter valued at $33,000. Capital Investment Advisory Services LLC purchased a new position in Ardagh Metal Packaging in the third quarter valued at about $40,000. Pallas Capital Advisors LLC purchased a new position in Ardagh Metal Packaging in the fourth quarter valued at about $42,000. Finally, Abel Hall LLC acquired a new position in shares of Ardagh Metal Packaging during the first quarter worth about $42,000. Hedge funds and other institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Performance

Shares of AMBP stock opened at $4.20 on Wednesday. The firm has a market capitalization of $2.51 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 0.90 and a beta of 0.55. Ardagh Metal Packaging has a one year low of $3.29 and a one year high of $5.03. The company has a 50 day moving average price of $4.03 and a 200 day moving average price of $4.20.

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

Ardagh Metal Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 9.5%. 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.