Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report)'s share price shot up 2% during trading on Friday . The company traded as high as $3.05 and last traded at $3.04. 401,941 shares were traded during mid-day trading, a decline of 70% from the average session volume of 1,358,577 shares. The stock had previously closed at $2.98.
Analyst Upgrades and Downgrades
AMBP has been the topic of a number of analyst reports. Bank of America lowered Ardagh Metal Packaging from a "buy" rating to an "underperform" rating and decreased their price objective for the company from $4.90 to $4.00 in a research note on Wednesday, December 11th. Citigroup upped their price target on Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a "buy" rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company upgraded shares of Ardagh Metal Packaging from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $4.25 to $5.00 in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $3.92.
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Ardagh Metal Packaging Stock Performance
The company's 50-day moving average is $3.55 and its two-hundred day moving average is $3.57. The company has a market capitalization of $1.80 billion, a P/E ratio of -25.16, a PEG 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.
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, 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 firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the firm earned $0.06 EPS. The business's revenue for the quarter was up 1.5% compared to the same quarter last year. Equities analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.
Ardagh Metal Packaging Announces Dividend
The company 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 annualized dividend and a yield of 13.25%. The ex-dividend date was Thursday, December 5th. Ardagh Metal Packaging's dividend payout ratio (DPR) is currently -333.33%.
Hedge Funds Weigh In On Ardagh Metal Packaging
A number of large investors have recently modified their holdings of the company. Ballentine Partners LLC purchased a new position in Ardagh Metal Packaging in the 3rd quarter worth $42,000. Quarry LP purchased a new position in shares of Ardagh Metal Packaging in the second quarter worth about $45,000. nVerses Capital LLC lifted its stake in shares of Ardagh Metal Packaging by 70.4% in the 3rd quarter. nVerses Capital LLC now owns 12,100 shares of the company's stock valued at $46,000 after acquiring an additional 5,000 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in 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 period. Finally, Signaturefd LLC grew its position in Ardagh Metal Packaging by 23.1% during the 3rd quarter. Signaturefd LLC now owns 18,739 shares of the company's stock worth $71,000 after acquiring an additional 3,515 shares during the last quarter. 16.93% of the stock is owned by hedge funds and other institutional investors.
Ardagh Metal Packaging Company Profile
(
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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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