Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives Average Rating of "Hold" from Analysts

Key Points

• Ardagh Metal Packaging S.A. has received an average consensus rating of "Hold" from six analysts, with one sell rating, four hold ratings, and one buy rating.
• Analysts have set an average 12-month price target for the stock at $4.32, with Citigroup raising their target from $4.00 to $5.00 recently.
• The company reported earnings of $0.08 per share, exceeding expectations, and announced a quarterly dividend of $0.10, reflecting a 10.2% yield.

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) has been given a consensus rating of "Hold" by the six ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $4.32.

AMBP has been the topic of several research reports. Citigroup boosted their price target on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Morgan Stanley raised their target price on shares of Ardagh Metal Packaging from $3.50 to $4.10 and gave the stock an "equal weight" rating in a report on Wednesday, June 25th. Wells Fargo & Company dropped their price target on Ardagh Metal Packaging from $5.00 to $4.50 and set an "equal weight" rating on the stock in a report on Monday, July 28th. Weiss Ratings reissued a "hold (c)" rating on shares of Ardagh Metal Packaging in a research note on Saturday, September 27th. Finally, UBS Group cut their target price on Ardagh Metal Packaging from $4.50 to $4.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 29th.

Ardagh Metal Packaging Price Performance

Shares of Ardagh Metal Packaging stock traded down $0.05 on Friday, hitting $3.93. The company had a trading volume of 594,489 shares, compared to its average volume of 1,213,167. The business has a 50-day simple moving average of $3.78 and a 200-day simple moving average of $3.73. The company has a market cap of $2.35 billion, a PE ratio of 18.91, a PEG ratio of 1.41 and a beta of 0.56. Ardagh Metal Packaging has a 52 week low of $2.50 and a 52 week high of $4.78.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The business had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.33 billion. Ardagh Metal Packaging had a net margin of 0.13% and a negative return on equity of 76.86%. The business's revenue was up 15.6% on a year-over-year basis. During the same period last year, the firm posted $0.06 earnings per share. On average, equities research analysts predict that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Thursday, August 7th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 10.2%. The ex-dividend date was Thursday, August 7th. Ardagh Metal Packaging's dividend payout ratio is -1,333.33%.

Hedge Funds Weigh In On Ardagh Metal Packaging

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ardagh Metal Packaging by 8.0% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,069,139 shares of the company's stock worth $43,096,000 after purchasing an additional 744,921 shares in the last quarter. Private Management Group Inc. grew its position in Ardagh Metal Packaging by 4.8% during the 1st quarter. Private Management Group Inc. now owns 5,690,572 shares of the company's stock worth $17,186,000 after purchasing an additional 258,298 shares in the last quarter. Anchorage Capital Advisors L.P. grew its position in Ardagh Metal Packaging by 85.9% during the 1st quarter. Anchorage Capital Advisors L.P. now owns 3,601,083 shares of the company's stock worth $10,875,000 after purchasing an additional 1,664,083 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Ardagh Metal Packaging by 3,867.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,546,227 shares of the company's stock worth $15,178,000 after purchasing an additional 3,456,833 shares in the last quarter. Finally, Gilman Hill Asset Management LLC increased its holdings in shares of Ardagh Metal Packaging by 1.5% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 1,997,263 shares of the company's stock valued at $8,548,000 after purchasing an additional 30,176 shares during the period. 16.93% of the stock is currently owned by hedge funds and other institutional investors.

About Ardagh Metal Packaging

Ardagh Metal Packaging SA, together with its subsidiaries, supplies consumer metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine.

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