Ardagh Metal Packaging (NYSE:AMBP) Sets New 12-Month Low – What’s Next?

Ardagh Metal Packaging S.A. (NYSE:AMBP)’s share price reached a new 52-week low 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 analysts have issued reports on the company. Citigroup dropped their target price on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Monday. Wells Fargo & Company cut their price objective on Ardagh Metal Packaging from $5.00 to $3.60 and set an “overweight” rating on the stock in a research report on Monday. Finally, Bank of America downgraded Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $4.90 to $4.00 in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.59.

Ardagh Metal Packaging Stock Down 0.7 %

The company has a debt-to-equity ratio of 124.21, a quick ratio of 0.88 and a current ratio of 1.17. The company has a fifty day simple moving average of $3.39 and a two-hundred day simple moving average of $3.53. The firm has a market capitalization of $1.63 billion, a PE ratio of -22.75, a PEG ratio of 0.79 and a beta of 0.65.

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

Ardagh Metal Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 14.65%. Ardagh Metal Packaging’s dividend payout ratio is presently -333.33%.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of large investors have recently bought and sold shares of AMBP. Ballentine Partners LLC purchased a new position in shares of Ardagh Metal Packaging in the 3rd quarter valued at $42,000. Quarry LP bought a new stake in Ardagh Metal Packaging during the second quarter valued at about $45,000. nVerses Capital LLC grew its stake in Ardagh Metal Packaging by 70.4% in the third quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock valued at $46,000 after purchasing an additional 5,000 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Ardagh Metal Packaging by 34.5% in the second 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. Finally, Signaturefd LLC lifted its position in shares of Ardagh Metal Packaging by 23.1% during the third quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock valued at $71,000 after buying an additional 3,515 shares during the last quarter. 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.