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

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $4.83.

A number of analysts have issued reports on AMBP shares. Wells Fargo & Company lifted their price target on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the company an “equal weight” rating in a report on Wednesday, July 15th. Citigroup reiterated a “buy” rating on shares of Ardagh Metal Packaging in a research note on Friday, July 24th. Wall Street Zen downgraded shares of Ardagh Metal Packaging from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings raised shares of Ardagh Metal Packaging from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Ardagh Metal Packaging in a research report on Thursday, August 20th. They set a “hold” rating and a $5.20 price objective for the company.

Ardagh Metal Packaging Price Performance

Shares of AMBP opened at $4.62 on Tuesday. The firm has a market cap of $2.76 billion, a P/E ratio of 76.93, a price-to-earnings-growth ratio of 0.84 and a beta of 0.50. Ardagh Metal Packaging has a 1 year low of $3.29 and a 1 year high of $5.47. The company has a 50 day simple moving average of $4.79 and a two-hundred day simple moving average of $4.48.

Ardagh Metal Packaging (NYSE:AMBP) last released its earnings results on Wednesday, July 22nd. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. Ardagh Metal Packaging had a net margin of 0.68% and a negative return on equity of 27.93%. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the firm earned $0.08 earnings per share. The company’s quarterly revenue was up 17.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Ardagh Metal Packaging will post 0.27 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date was Thursday, September 10th. Ardagh Metal Packaging’s payout ratio is currently 666.67%.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMBP. Weiss Asset Management LP boosted its position in shares of Ardagh Metal Packaging by 11,276.2% during the 1st quarter. Weiss Asset Management LP now owns 4,516,338 shares of the company’s stock valued at $18,291,000 after acquiring an additional 4,476,638 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Ardagh Metal Packaging by 28.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,269,861 shares of the company’s stock valued at $13,243,000 after purchasing an additional 722,974 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Ardagh Metal Packaging by 20.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,637,767 shares of the company’s stock worth $18,779,000 after purchasing an additional 801,019 shares during the last quarter. Renaissance Technologies LLC increased its position in Ardagh Metal Packaging by 31.9% in the first quarter. Renaissance Technologies LLC now owns 2,894,210 shares of the company’s stock worth $11,722,000 after purchasing an additional 699,478 shares during the last quarter. Finally, Bank of America Corp DE increased its position in Ardagh Metal Packaging by 139.6% in the first quarter. Bank of America Corp DE now owns 249,581 shares of the company’s stock worth $1,011,000 after purchasing an additional 145,418 shares during the last quarter. 16.93% of the stock is owned by institutional investors.

Ardagh Metal Packaging Company Profile

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.