Ardagh Metal Packaging S.A. (NYSE:AMBP – Get Free Report) has received an average recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $4.51.
A number of research analysts recently weighed in on AMBP shares. Citigroup cut their price objective on Ardagh Metal Packaging from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. 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 cut 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, 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 research note on Friday, March 20th.
Get Our Latest Stock Report on AMBP
Ardagh Metal Packaging Price Performance
Ardagh Metal Packaging (NYSE:AMBP – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $0.05 earnings per share for the quarter. Ardagh Metal Packaging had a negative return on equity of 31.14% and a net margin of 0.19%.The business had revenue of $1.50 billion for the quarter. On average, equities research analysts expect that Ardagh Metal Packaging will post 0.25 earnings per share for the current fiscal year.
Ardagh Metal Packaging Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Thursday, June 11th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date of this dividend is Thursday, June 11th.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. Optiver Holding B.V. raised its stake in shares of Ardagh Metal Packaging by 540.2% in the 1st quarter. Optiver Holding B.V. now owns 7,145 shares of the company’s stock valued at $29,000 after acquiring an additional 6,029 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Ardagh Metal Packaging in the 4th quarter valued at approximately $33,000. Capital Investment Advisory Services LLC acquired a new stake in Ardagh Metal Packaging in the 3rd quarter valued at approximately $40,000. Pallas Capital Advisors LLC acquired a new stake in Ardagh Metal Packaging in the 4th quarter valued at approximately $42,000. Finally, Abel Hall LLC acquired a new stake in Ardagh Metal Packaging in the 1st quarter valued at approximately $42,000. 16.93% of the stock is owned by institutional investors.
Ardagh Metal Packaging Company Profile
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.
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