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

Key Points

• Analyst sentiment is largely neutral: Six of seven analysts rate Ardagh Metal Packaging “Hold,” while one recommends “Buy.” The average 12-month price target is $4.92, below the stock’s reported $5.36 opening price.
• Recent results exceeded expectations: The company reported quarterly EPS of $0.11 versus a $0.09 consensus estimate and revenue of $1.71 billion versus $1.57 billion expected, with revenue up 17.7% year over year.
• Investors receive a high dividend yield: Ardagh announced a quarterly dividend of $0.10 per share, equivalent to $0.40 annually and a 7.5% yield, although its payout ratio is notably high at 666.67%.

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) have received an average recommendation of "Hold" from the seven analysts that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $4.9167.

Several brokerages recently commented on AMBP. Citigroup reiterated a "buy" rating on shares of Ardagh Metal Packaging in a report on Friday, July 24th. UBS Group lifted their price objective on shares of Ardagh Metal Packaging from $4.75 to $5.00 and gave the company a "neutral" rating in a research note on Friday, July 24th. Wells Fargo & Company upped their price target on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 15th. Weiss Ratings upgraded shares of Ardagh Metal Packaging from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 7th. Finally, Wall Street Zen downgraded Ardagh Metal Packaging from a "buy" rating to a "hold" rating in a research note on Saturday.

Institutional Investors Weigh In On Ardagh Metal Packaging

A number of hedge funds have recently modified their holdings of the stock. Odyssean LLC boosted its position in Ardagh Metal Packaging by 139.8% during the second quarter. Odyssean LLC now owns 125,725 shares of the company's stock worth $596,000 after purchasing an additional 73,291 shares during the period. TD Waterhouse Canada Inc. bought a new stake in shares of Ardagh Metal Packaging in the second quarter valued at approximately $505,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Ardagh Metal Packaging during the 2nd quarter valued at approximately $502,000. Optiver Holding B.V. lifted its stake in shares of Ardagh Metal Packaging by 540.2% during the 1st quarter. Optiver Holding B.V. now owns 7,145 shares of the company's stock valued at $29,000 after buying an additional 6,029 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Ardagh Metal Packaging by 139.6% in the 1st quarter. Bank of America Corp DE now owns 249,581 shares of the company's stock worth $1,011,000 after buying an additional 145,418 shares during the period. Institutional investors own 16.93% of the company's stock.

Ardagh Metal Packaging Stock Performance

Shares of AMBP opened at $5.36 on Monday. Ardagh Metal Packaging has a 12 month low of $3.29 and a 12 month high of $5.47. The firm's 50 day moving average is $4.77 and its 200-day moving average is $4.43. The stock has a market capitalization of $3.20 billion, a PE ratio of 89.35, a P/E/G ratio of 1.05 and a beta of 0.51.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last released its earnings results on Wednesday, July 22nd. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. The firm had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.57 billion. Ardagh Metal Packaging had a negative return on equity of 27.93% and a net margin of 0.68%.The company's revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 EPS. Equities research analysts predict that Ardagh Metal Packaging will post 0.28 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Thursday, September 10th. Ardagh Metal Packaging's dividend payout ratio is currently 666.67%.

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.

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