Ardagh Metal Packaging (NYSE:AMBP) Hits New 1-Year Low – Should You Sell?

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBPGet Free Report) hit a new 52-week low on Wednesday . The company traded as low as $3.10 and last traded at $3.12, with a volume of 360138 shares. The stock had previously closed at $3.15.

Wall Street Analysts Forecast Growth

AMBP has been the topic of a number of research analyst reports. Citigroup boosted their target price on Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company raised Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $4.25 to $5.00 in a research note on Tuesday, October 15th. Finally, Bank of America downgraded Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $4.90 to $4.00 in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $3.92.

Get Our Latest Stock Analysis on AMBP

Ardagh Metal Packaging Stock Down 1.0 %

The business’s fifty day moving average price is $3.69 and its two-hundred day moving average price 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. The firm has a market cap of $1.86 billion, a P/E ratio of -26.00, a P/E/G ratio of 0.78 and a beta of 0.61.

Ardagh Metal Packaging (NYSE:AMBPGet Free Report) last announced its earnings results on Thursday, October 24th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The company had revenue of $1.31 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 earnings per share. As a group, equities research analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 12.82%. The ex-dividend date of this dividend is Thursday, December 5th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is currently -333.33%.

Hedge Funds Weigh In On Ardagh Metal Packaging

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Citigroup Inc. lifted its stake in shares of Ardagh Metal Packaging by 15,834.1% during the 3rd quarter. Citigroup Inc. now owns 5,104,806 shares of the company’s stock valued at $19,245,000 after buying an additional 5,072,769 shares in the last quarter. King Street Capital Management L.P. bought a new position in shares of Ardagh Metal Packaging during the 2nd quarter valued at about $14,790,000. Squarepoint Ops LLC lifted its holdings in shares of Ardagh Metal Packaging by 523.8% in the 2nd quarter. Squarepoint Ops LLC now owns 2,914,124 shares of the company’s stock worth $10,568,000 after acquiring an additional 2,446,997 shares during the last quarter. Geode Capital Management LLC boosted its position in Ardagh Metal Packaging by 0.7% during 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 period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Ardagh Metal Packaging by 37.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,778,166 shares of the company’s stock worth $6,704,000 after buying an additional 489,146 shares during the period. Institutional investors and hedge funds own 16.93% of the company’s stock.

Ardagh Metal Packaging Company Profile

(Get Free Report)

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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