Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $2.93 and last traded at $2.97, with a volume of 271092 shares trading hands. The stock had previously closed at $2.97.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on AMBP. Wells Fargo & Company raised Ardagh Metal Packaging from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $4.25 to $5.00 in a report on Tuesday, October 15th. Bank of America lowered shares of Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and decreased their price objective for the stock from $4.90 to $4.00 in a research report on Wednesday, December 11th. Finally, Citigroup increased their price objective on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a "buy" rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $3.92.
Read Our Latest Analysis on AMBP
Ardagh Metal Packaging Stock Performance
The firm has a market cap of $1.77 billion, a price-to-earnings ratio of -24.75, a price-to-earnings-growth ratio of 0.79 and a beta of 0.61. The business has a 50 day moving average of $3.46 and a 200 day moving average of $3.55. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 124.21.
Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations 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%. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the company earned $0.06 EPS. On average, research analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.
Ardagh Metal Packaging Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 13.47%. The ex-dividend date of this dividend was Thursday, December 5th. Ardagh Metal Packaging's dividend payout ratio is presently -333.31%.
Institutional Trading of Ardagh Metal Packaging
A number of hedge funds have recently added to or reduced their stakes in AMBP. Citigroup Inc. lifted its holdings in shares of Ardagh Metal Packaging by 15,834.1% during the 3rd 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 period. King Street Capital Management L.P. purchased a new position in shares of Ardagh Metal Packaging in the 2nd quarter worth $14,790,000. Squarepoint Ops LLC lifted its stake in shares of 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 purchasing an additional 2,446,997 shares in the last quarter. Geode Capital Management LLC grew its stake in Ardagh Metal Packaging by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,784,882 shares of the company's stock worth $6,729,000 after buying an additional 11,963 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Ardagh Metal Packaging by 37.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,778,166 shares of the company's stock worth $6,704,000 after acquiring an additional 489,146 shares in the last quarter. 16.93% of the stock is owned by institutional investors and hedge funds.
About Ardagh Metal Packaging
(
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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.
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