Ardagh Metal Packaging (NYSE:AMBP) Reaches New 1-Year Low - Here's Why

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report)'s stock price hit a new 52-week low on Thursday . The company traded as low as $2.97 and last traded at $2.97, with a volume of 250463 shares. The stock had previously closed at $3.02.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AMBP. Wells Fargo & Company raised Ardagh Metal Packaging from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $4.25 to $5.00 in a report on Tuesday, October 15th. Bank of America downgraded Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and reduced their target price for the company from $4.90 to $4.00 in a report on Wednesday, December 11th. Finally, Citigroup lifted their price target on Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a "buy" rating in a research note on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Ardagh Metal Packaging currently has a consensus rating of "Hold" and a consensus price target of $3.92.

Ardagh Metal Packaging Stock Down 1.3 %

The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of -24.83, a price-to-earnings-growth ratio of 0.78 and a beta of 0.61. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 124.21. The firm has a 50-day moving average of $3.57 and a two-hundred day moving average of $3.58.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the firm earned $0.06 earnings per share. The firm's revenue was up 1.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 13.42%. The ex-dividend date was Thursday, December 5th. Ardagh Metal Packaging's dividend payout ratio (DPR) is presently -333.33%.

Institutional Investors Weigh In On Ardagh Metal Packaging

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ballentine Partners LLC acquired a new stake in shares of Ardagh Metal Packaging in the 3rd quarter valued at $42,000. Quarry LP acquired a new stake in shares of Ardagh Metal Packaging in the second quarter worth about $45,000. nVerses Capital LLC boosted its stake in shares of Ardagh Metal Packaging by 70.4% during the 3rd quarter. nVerses Capital LLC now owns 12,100 shares of the company's stock worth $46,000 after acquiring an additional 5,000 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Ardagh Metal Packaging by 34.5% during the 2nd quarter. Principal Financial Group Inc. now owns 19,521 shares of the company's stock valued at $66,000 after acquiring an additional 5,009 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Ardagh Metal Packaging by 23.1% in the 3rd quarter. Signaturefd LLC now owns 18,739 shares of the company's stock valued at $71,000 after acquiring an additional 3,515 shares in the last quarter. 16.93% of the stock is owned by hedge funds and other institutional investors.

About Ardagh Metal Packaging

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.