Brokerages Set Ardagh Metal Packaging S.A. (NYSE:AMBP) Price Target at $4.51

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) have received a consensus recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation 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.

A number of research analysts have weighed in on the stock. Weiss Ratings raised shares of Ardagh Metal Packaging from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 29th. Citigroup lowered their target price on shares of 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 dropped 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 report on Friday, March 20th. Finally, UBS Group cut their price target on Ardagh Metal Packaging from $4.75 to $4.25 and set a “neutral” rating for the company in a research note on Friday, April 10th.

Hedge Funds Weigh In On Ardagh Metal Packaging

Large investors have recently added to or reduced their stakes in the stock. CWA Asset Management Group LLC grew its stake in Ardagh Metal Packaging by 107.6% during the 4th quarter. CWA Asset Management Group LLC now owns 500,070 shares of the company’s stock valued at $2,050,000 after acquiring an additional 259,230 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Ardagh Metal Packaging by 46.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,068,046 shares of the company’s stock worth $4,262,000 after purchasing an additional 338,540 shares in the last quarter. Monarch Alternative Capital LP acquired a new position in shares of Ardagh Metal Packaging during the 3rd quarter worth approximately $3,890,000. Citigroup Inc. boosted its holdings in shares of Ardagh Metal Packaging by 48.4% during the 3rd quarter. Citigroup Inc. now owns 502,580 shares of the company’s stock worth $2,005,000 after purchasing an additional 164,011 shares during the last quarter. Finally, Arini Captial Management Ltd purchased a new stake in shares of Ardagh Metal Packaging in the fourth quarter valued at approximately $46,109,000. 16.93% of the stock is currently owned by institutional investors and hedge funds.

Ardagh Metal Packaging Stock Up 1.9%

Ardagh Metal Packaging stock opened at $4.62 on Friday. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 0.97 and a beta of 0.51. Ardagh Metal Packaging has a 52 week low of $3.29 and a 52 week high of $5.03. The business’s 50-day moving average price is $4.22 and its 200 day moving average price is $4.28.

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

Ardagh Metal Packaging Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend was Thursday, June 11th.

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.