Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives Consensus Recommendation of “Hold” from Brokerages

Ardagh Metal Packaging S.A. (NYSE:AMBP) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $3.37.

AMBP has been the topic of a number of research reports. Bank of America cut shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $4.90 to $4.00 in a research note on Wednesday, December 11th. Morgan Stanley raised shares of Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and lowered their price objective for the company from $3.60 to $3.10 in a research note on Monday, January 13th. Wells Fargo & Company reissued an “equal weight” rating and issued a $3.35 price objective (down from $3.60) on shares of Ardagh Metal Packaging in a research note on Thursday. Citigroup lowered their price objective on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Finally, UBS Group decreased their price target on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating on the stock in a research note on Friday, January 10th.

Ardagh Metal Packaging Trading Up 0.2 %

AMBP stock opened at $2.80 on Friday. Ardagh Metal Packaging has a 12 month low of $2.66 and a 12 month high of $4.26. The company has a fifty day moving average price of $3.26 and a 200 day moving average price of $3.50.

Ardagh Metal Packaging (NYSE:AMBP) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.34 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. Ardagh Metal Packaging’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. Analysts forecast that Ardagh Metal Packaging will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.40 annualized dividend and a yield of 14.31%. Ardagh Metal Packaging’s dividend payout ratio is presently -333.31%.

Institutional Trading of Ardagh Metal Packaging

Several institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. grew its position in shares of Ardagh Metal Packaging by 15,834.1% during the third quarter. Citigroup Inc. now owns 5,104,806 shares of the company’s stock worth $19,245,000 after acquiring an additional 5,072,769 shares during the last quarter. King Street Capital Management L.P. acquired a new stake in Ardagh Metal Packaging in the 2nd quarter valued at about $14,790,000. Squarepoint Ops LLC lifted its holdings in Ardagh Metal Packaging by 523.8% in the 2nd quarter. Squarepoint Ops LLC now owns 2,914,124 shares of the company’s stock valued at $10,568,000 after acquiring an additional 2,446,997 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Ardagh Metal Packaging by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,784,882 shares of the company’s stock valued at $6,729,000 after acquiring an additional 11,963 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Ardagh Metal Packaging by 37.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,778,166 shares of the company’s stock valued at $6,704,000 after buying an additional 489,146 shares in the last quarter. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging SA, together with its subsidiaries, supplies consumer metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine.