Ardagh Metal Packaging (NYSE:AMBP) Shares Gap Up - Should You Buy?

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $3.83, but opened at $3.93. Ardagh Metal Packaging shares last traded at $4.02, with a volume of 391,075 shares.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup raised their price objective on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a "buy" rating in a report on Wednesday, October 2nd. UBS Group lowered Ardagh Metal Packaging from a "buy" rating to a "neutral" rating and dropped their price target for the company from $5.00 to $3.75 in a research report on Wednesday, July 17th. Finally, Wells Fargo & Company upgraded Ardagh Metal Packaging from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $4.25 to $5.00 in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $3.85.

Ardagh Metal Packaging Trading Up 3.4 %

The stock has a 50-day moving average of $3.57 and a two-hundred day moving average of $3.65. The company has a debt-to-equity ratio of 124.21, a quick ratio of 0.66 and a current ratio of 0.95. The company has a market cap of $2.37 billion, a P/E ratio of -28.43, a price-to-earnings-growth ratio of 0.79 and a beta of 0.62.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.32 billion. Ardagh Metal Packaging had a negative net margin of 1.02% and a positive return on equity of 114.77%. Ardagh Metal Packaging's revenue was up .3% compared to the same quarter last year. During the same period last year, the business earned $0.04 EPS. On average, equities research analysts predict that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.40 annualized dividend and a yield of 10.10%. Ardagh Metal Packaging's dividend payout ratio is -285.71%.

Hedge Funds Weigh In On Ardagh Metal Packaging

Hedge funds have recently bought and sold shares of the business. King Street Capital Management L.P. bought a new position in Ardagh Metal Packaging in the second quarter valued at about $14,790,000. Squarepoint Ops LLC increased its position in shares of Ardagh Metal Packaging by 523.8% during 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 during the last quarter. Gilman Hill Asset Management LLC lifted its stake in shares of Ardagh Metal Packaging by 1.3% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 1,805,704 shares of the company's stock worth $6,139,000 after purchasing an additional 23,458 shares during the period. Keeley Teton Advisors LLC boosted its holdings in shares of Ardagh Metal Packaging by 0.5% in the first quarter. Keeley Teton Advisors LLC now owns 1,695,498 shares of the company's stock worth $5,816,000 after buying an additional 8,433 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Ardagh Metal Packaging by 48.7% during the second quarter. Renaissance Technologies LLC now owns 1,325,132 shares of the company's stock valued at $4,505,000 after buying an additional 433,700 shares during the period. Hedge funds and other institutional investors own 16.93% of the company's stock.

Ardagh Metal Packaging Company Profile

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.