Ardagh Metal Packaging S.A. (NYSE:AMBP) Stock Has Consensus Target Price of $4.83 According to Brokerages

Key Points

• Analysts maintain a cautious outlook: Ardagh Metal Packaging has a consensus “Hold” rating from seven analysts, with an average 12-month price target of $4.83 versus the stock’s reported $4.30 price.
• Recent results exceeded expectations: The company reported quarterly EPS of $0.11, above the $0.09 consensus estimate, while revenue reached $1.71 billion, up 17.7% year over year and ahead of forecasts.
• The dividend offers a high yield but appears financially stretched: The quarterly dividend equates to $0.40 annually and a 9.3% yield, while the payout ratio stands at 666.67%.

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) has been given an average rating of "Hold" by the seven ratings firms that are presently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $4.83.

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Ardagh Metal Packaging in a research report on Thursday, August 20th. They set a "hold" rating and a $5.20 price target on the stock. Citigroup restated a "buy" rating on shares of Ardagh Metal Packaging in a research report on Friday, July 24th. UBS Group decreased their price objective on Ardagh Metal Packaging from $5.00 to $4.50 and set a "neutral" rating for the company in a research report on Monday, October 5th. Weiss Ratings raised Ardagh Metal Packaging from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, August 7th. Finally, Wells Fargo & Company upped their target price on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company an "equal weight" rating in a report on Wednesday, July 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Venture Visionary Partners LLC acquired a new stake in Ardagh Metal Packaging during the third quarter valued at $55,000. WINTON GROUP Ltd purchased a new position in Ardagh Metal Packaging in the second quarter valued at about $309,000. Engineers Gate Manager LP grew its stake in Ardagh Metal Packaging by 651.0% in the second quarter. Engineers Gate Manager LP now owns 126,157 shares of the company's stock valued at $598,000 after purchasing an additional 109,358 shares in the last quarter. Squarepoint Ops LLC increased its position in Ardagh Metal Packaging by 59.6% in the 2nd quarter. Squarepoint Ops LLC now owns 379,994 shares of the company's stock worth $1,801,000 after purchasing an additional 141,877 shares during the last quarter. Finally, Waverly Advisors LLC acquired a new position in Ardagh Metal Packaging in the 2nd quarter worth about $190,000. 16.93% of the stock is owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Stock Performance

NYSE AMBP opened at $4.30 on Tuesday. The firm's 50 day moving average price is $4.84 and its two-hundred day moving average price is $4.47. Ardagh Metal Packaging has a twelve month low of $3.29 and a twelve month high of $5.47. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 71.61, a PEG ratio of 0.78 and a beta of 0.50.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. The company had revenue of $1.71 billion during the quarter, compared to analyst estimates 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 for the quarter was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 earnings per share. On average, research analysts forecast that Ardagh Metal Packaging will post 0.28 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 9.3%. The ex-dividend date was Thursday, September 10th. Ardagh Metal Packaging's dividend payout ratio (DPR) is currently 666.67%.

About Ardagh Metal Packaging

Ardagh Metal Packaging SA NYSE: AMBP is a global supplier of sustainable metal packaging for beverage manufacturers. The company produces aluminum and steel beverage cans, can ends and specialty containers used for products including carbonated soft drinks, beer, energy drinks and other ready-to-drink beverages.

Ardagh Metal Packaging serves major beverage companies and brand owners through manufacturing operations in Europe, North America and Brazil. Its products are designed to support brand differentiation, convenient consumption and the circular-economy benefits of metal packaging, which can be recycled repeatedly without losing its essential properties.

The company was formed from the beverage can business of Ardagh Group and became a publicly traded company in 2021 through a business combination with Gores Holdings V.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.