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

Key Points

• "Hold" consensus from seven analysts (six holds, one buy) with an average 1‑year price target of $4.51 and individual targets ranging roughly $4.00–$5.00.
• Shares traded around $4.15 (market cap ~$2.48B) with a one‑year range of $2.53–$5.03; the company beat quarterly EPS at $0.03 vs. $0.02 and reported revenue up 12.6% to $1.35B, though the trailing P/E is deeply negative.
• Ardagh declared a $0.10 quarterly dividend ($0.40 annualized) implying a 9.7% yield, but the payout ratio is reported as deeply negative, signalling potential sustainability concerns despite the high yield.

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) have received a consensus rating of "Hold" from the seven analysts that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $4.51.

A number of analysts have recently issued reports on AMBP shares. UBS Group raised their price target on shares of Ardagh Metal Packaging from $4.00 to $4.25 and gave the company a "neutral" rating in a report on Monday, January 12th. Wells Fargo & Company lowered their price objective on shares of Ardagh Metal Packaging from $5.00 to $4.00 and set an "equal weight" rating on the stock in a research report on Friday, March 20th. Morgan Stanley set a $4.30 target price on shares of Ardagh Metal Packaging in a research report on Thursday, January 8th. Truist Financial boosted their target price on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a "hold" rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Ardagh Metal Packaging in a research note on Wednesday, January 21st.

Institutional Investors Weigh In On Ardagh Metal Packaging

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd increased its position in Ardagh Metal Packaging by 37,601.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 30,161 shares of the company's stock worth $124,000 after buying an additional 30,081 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Ardagh Metal Packaging by 15.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 16,703 shares of the company's stock valued at $68,000 after buying an additional 2,231 shares in the last quarter. EP Wealth Advisors LLC bought a new position in shares of Ardagh Metal Packaging during the 4th quarter valued at approximately $281,000. XTX Topco Ltd purchased a new stake in Ardagh Metal Packaging in the 4th quarter worth approximately $227,000. Finally, Guardian Capital LP raised its stake in Ardagh Metal Packaging by 72.4% during the 4th quarter. Guardian Capital LP now owns 19,983 shares of the company's stock worth $82,000 after acquiring an additional 8,393 shares during the period. Hedge funds and other institutional investors own 16.93% of the company's stock.

Ardagh Metal Packaging Stock Performance

Shares of NYSE:AMBP traded down $0.01 during midday trading on Friday, reaching $4.15. 191,180 shares of the company's stock traded hands, compared to its average volume of 1,481,365. The company has a market cap of $2.48 billion, a price-to-earnings ratio of -413.30, a P/E/G ratio of 1.05 and a beta of 0.54. Ardagh Metal Packaging has a one year low of $2.53 and a one year high of $5.03. The stock has a 50 day moving average of $4.50 and a 200 day moving average of $4.07.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01. Ardagh Metal Packaging had a negative return on equity of 37.42% and a net margin of 0.20%.The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $0.03 EPS. Ardagh Metal Packaging's revenue for the quarter was up 12.6% on a year-over-year basis. Sell-side analysts predict that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Thursday, March 12th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 9.7%. The ex-dividend date of this dividend was Thursday, March 12th. Ardagh Metal Packaging's dividend payout ratio (DPR) is presently -4,000.00%.

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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