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

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $4.51.

AMBP has been the topic of several research analyst reports. Citigroup lowered their target price on Ardagh Metal Packaging from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Wells Fargo & Company lowered their target price on Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Friday, March 20th. UBS Group lowered their target price on Ardagh Metal Packaging from $4.75 to $4.25 and set a “neutral” rating on the stock in a research note on Friday, April 10th. Finally, Weiss Ratings raised Ardagh Metal Packaging from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 29th.

Institutional Investors Weigh In On Ardagh Metal Packaging

A number of hedge funds and other institutional investors have recently made changes to their positions in AMBP. AQR Capital Management LLC raised its stake in shares of Ardagh Metal Packaging by 697.8% during the 1st quarter. AQR Capital Management LLC now owns 317,625 shares of the company’s stock worth $959,000 after purchasing an additional 277,813 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ardagh Metal Packaging during the 1st quarter worth about $43,000. Creative Planning purchased a new stake in shares of Ardagh Metal Packaging during the 2nd quarter worth about $109,000. JPMorgan Chase & Co. raised its stake in shares of Ardagh Metal Packaging by 310.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 729,506 shares of the company’s stock worth $3,122,000 after purchasing an additional 551,616 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of Ardagh Metal Packaging during the 2nd quarter worth about $224,000. 16.93% of the stock is owned by hedge funds and other institutional investors.

Ardagh Metal Packaging Stock Up 3.4%

Shares of NYSE AMBP opened at $4.07 on Wednesday. The business has a fifty day simple moving average of $4.02 and a 200-day simple moving average of $4.20. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 0.84 and a beta of 0.55. Ardagh Metal Packaging has a 12 month low of $3.29 and a 12 month high of $5.03.

Ardagh Metal Packaging (NYSE:AMBP) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.05 EPS for the quarter. Ardagh Metal Packaging had a negative return on equity of 31.14% and a net margin of 0.19%.The firm had revenue of $1.50 billion during the quarter. As a group, sell-side analysts expect that Ardagh Metal Packaging will post 0.25 EPS for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend is Thursday, June 11th.

Ardagh Metal Packaging Company Profile

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.