Ardagh Metal Packaging (NYSE:AMBP) Reaches New 1-Year Low – What’s Next?

Ardagh Metal Packaging S.A. (NYSE:AMBP) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $3.10 and last traded at $3.12, with a volume of 360138 shares trading hands. The stock had previously closed at $3.15.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AMBP. Citigroup upped their price target on Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Bank of America downgraded shares of 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 research note on Wednesday, December 11th. Finally, Wells Fargo & Company raised shares of Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $4.25 to $5.00 in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $3.92.

Ardagh Metal Packaging Stock Performance

The company has a market capitalization of $1.86 billion, a PE ratio of -26.00, a PEG ratio of 0.78 and a beta of 0.61. The firm’s 50-day simple moving average is $3.69 and its 200-day simple moving average is $3.62. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 124.21.

Ardagh Metal Packaging (NYSE:AMBP) last issued its earnings results on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations 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 business’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 business earned $0.06 EPS. On average, 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 will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 12.82%. The ex-dividend date of this dividend is Thursday, December 5th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is -333.33%.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Ardagh Metal Packaging by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,784,882 shares of the company’s stock valued at $6,729,000 after buying an additional 11,963 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Ardagh Metal Packaging during the third quarter valued at about $389,000. EP Wealth Advisors LLC raised its position in shares of Ardagh Metal Packaging by 99.0% in the 3rd quarter. EP Wealth Advisors LLC now owns 49,916 shares of the company’s stock valued at $188,000 after purchasing an additional 24,832 shares during the last quarter. Point72 Asset Management L.P. grew its position in Ardagh Metal Packaging by 99.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 284,375 shares of the company’s stock worth $1,072,000 after purchasing an additional 141,850 shares during the last quarter. Finally, Millburn Ridgefield Corp acquired a new position in Ardagh Metal Packaging during the 3rd quarter valued at approximately $124,000. 16.93% of the stock is currently owned by institutional investors.

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.