Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $2.68 and last traded at $2.73, with a volume of 1827950 shares traded. The stock had previously closed at $2.75.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on AMBP. Citigroup lowered their target price on Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating for the company in a report on Monday. Bank of America downgraded Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and lowered their price objective for the stock from $4.90 to $4.00 in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company cut their target price on Ardagh Metal Packaging from $5.00 to $3.60 and set an "overweight" rating on the stock in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Ardagh Metal Packaging has an average rating of "Hold" and a consensus target price of $3.59.
Read Our Latest Analysis on Ardagh Metal Packaging
Ardagh Metal Packaging Trading Down 0.7 %
The firm has a 50-day moving average of $3.37 and a 200 day moving average of $3.53. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 124.21. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of -22.75, a PEG ratio of 0.79 and a beta of 0.65.
Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.34 billion. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The company's quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company earned $0.06 earnings per share. As a group, equities analysts predict that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.
Ardagh Metal Packaging Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 14.65%. The ex-dividend date of this dividend was Thursday, December 5th. Ardagh Metal Packaging's dividend payout ratio (DPR) is presently -333.33%.
Hedge Funds Weigh In On Ardagh Metal Packaging
Hedge funds have recently modified their holdings of the company. Ballentine Partners LLC bought a new stake in Ardagh Metal Packaging during the third quarter worth approximately $42,000. nVerses Capital LLC raised its position in shares of Ardagh Metal Packaging by 70.4% during the third quarter. nVerses Capital LLC now owns 12,100 shares of the company's stock worth $46,000 after purchasing an additional 5,000 shares during the period. Quarry LP purchased a new stake in shares of Ardagh Metal Packaging during the second quarter valued at $45,000. Signaturefd LLC boosted its position 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 purchasing an additional 3,515 shares during the period. Finally, Principal Financial Group Inc. increased its stake in Ardagh Metal Packaging by 34.5% in the 2nd quarter. Principal Financial Group Inc. now owns 19,521 shares of the company's stock worth $66,000 after purchasing an additional 5,009 shares in the last quarter. 16.93% of the stock is currently 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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