Ardagh Metal Packaging (NYSE:AMBP) Shares Down 6.5% - Should You Sell?

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) dropped 6.5% on Friday . The stock traded as low as $2.98 and last traded at $2.96. Approximately 686,197 shares were traded during trading, a decline of 51% from the average daily volume of 1,389,555 shares. The stock had previously closed at $3.16.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AMBP shares. Citigroup decreased their price target on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Monday, January 6th. UBS Group reduced their price objective on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a "neutral" rating for the company in a research report on Friday, January 10th. 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. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $3.35 price target (down previously from $3.60) on shares of Ardagh Metal Packaging in a research report on Thursday, January 16th. Finally, Morgan Stanley raised shares of Ardagh Metal Packaging from an "underweight" rating to an "equal weight" rating and lowered their price target for the stock from $3.60 to $3.10 in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $3.44.

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Ardagh Metal Packaging Stock Performance

The company's fifty day moving average price is $2.80 and its two-hundred day moving average price is $3.33. The firm has a market capitalization of $1.63 billion, a PE ratio of -22.71, a price-to-earnings-growth ratio of 0.54 and a beta of 0.64.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.14 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. On average, equities analysts expect that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Thursday, March 13th will be given a $0.10 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.40 dividend on an annualized basis and a yield of 14.68%. Ardagh Metal Packaging's payout ratio is currently -800.00%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its holdings in Ardagh Metal Packaging by 0.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 641,868 shares of the company's stock worth $2,420,000 after buying an additional 3,290 shares in the last quarter. Marshall Wace LLP lifted its position in Ardagh Metal Packaging by 2.4% in the 4th quarter. Marshall Wace LLP now owns 171,277 shares of the company's stock worth $516,000 after buying an additional 3,970 shares in the last quarter. Dakota Wealth Management grew its stake in Ardagh Metal Packaging by 2.8% in the fourth quarter. Dakota Wealth Management now owns 146,682 shares of the company's stock valued at $442,000 after purchasing an additional 4,030 shares in the last quarter. EP Wealth Advisors LLC raised its position in Ardagh Metal Packaging by 9.5% during the fourth quarter. EP Wealth Advisors LLC now owns 54,647 shares of the company's stock valued at $164,000 after acquiring an additional 4,731 shares in the last quarter. Finally, Gabelli Funds LLC raised its holdings in Ardagh Metal Packaging by 3.7% during the fourth quarter. Gabelli Funds LLC now owns 139,000 shares of the company's stock valued at $418,000 after buying an additional 5,000 shares in the last quarter. 16.93% of the stock is currently owned by 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.