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

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBPGet Free Report) have received an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $4.9167.

A number of research analysts have recently commented on the stock. Wall Street Zen cut shares of Ardagh Metal Packaging from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ardagh Metal Packaging in a research report on Thursday, August 20th. They set a “hold” rating and a $5.20 price objective for the company. Wells Fargo & Company raised their target price on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 15th. Citigroup reiterated a “buy” rating on shares of Ardagh Metal Packaging in a report on Friday, July 24th. Finally, Weiss Ratings upgraded Ardagh Metal Packaging from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 7th.

Check Out Our Latest Report on Ardagh Metal Packaging

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Arini Captial Management Ltd bought a new stake in Ardagh Metal Packaging during the 4th quarter worth approximately $46,109,000. Dimensional Fund Advisors LP grew its stake in shares of Ardagh Metal Packaging by 20.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,637,767 shares of the company’s stock worth $18,779,000 after purchasing an additional 801,019 shares during the last quarter. Weiss Asset Management LP grew its stake in shares of Ardagh Metal Packaging by 11,276.2% in the first quarter. Weiss Asset Management LP now owns 4,516,338 shares of the company’s stock worth $18,291,000 after purchasing an additional 4,476,638 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Ardagh Metal Packaging by 28.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,269,861 shares of the company’s stock worth $13,243,000 after purchasing an additional 722,974 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Ardagh Metal Packaging by 31.9% during the 1st quarter. Renaissance Technologies LLC now owns 2,894,210 shares of the company’s stock worth $11,722,000 after buying an additional 699,478 shares during the period. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Performance

Shares of AMBP opened at $4.71 on Friday. Ardagh Metal Packaging has a 52-week low of $3.29 and a 52-week high of $5.47. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 78.43, a PEG ratio of 0.86 and a beta of 0.51. The business’s fifty day moving average is $4.94 and its 200-day moving average is $4.46.

Ardagh Metal Packaging (NYSE:AMBPGet Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported $0.11 earnings per share 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 business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the prior year, the company earned $0.08 EPS. Ardagh Metal Packaging’s revenue for the quarter was up 17.7% on a year-over-year basis. As a group, research analysts forecast that Ardagh Metal Packaging will post 0.28 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend is Thursday, September 10th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently 666.67%.

About Ardagh Metal Packaging

(Get Free Report)

Ardagh Metal Packaging SA (NYSE:AMBP) is a global supplier of sustainable, infinitely recyclable metal packaging. The company primarily manufactures beverage cans and ends for beer, soft drinks, energy drinks, sparkling water and other beverage products, serving branded consumer-goods companies, retailers and beverage producers.

The company operates production facilities across Europe, North America and Brazil. Its products are designed for a range of beverage formats and sizes, with a focus on lightweighting, recyclability and packaging solutions that support customers’ sustainability objectives.

Ardagh Metal Packaging was formed through the separation of Ardagh Group’s metal beverage packaging operations and became a publicly traded company in 2021 following a business combination with a special purpose acquisition company.

Further Reading

Analyst Recommendations for Ardagh Metal Packaging (NYSE:AMBP)

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