Ardagh Metal Packaging (NYSE:AMBP) Stock Price Down 4.4% – Time to Sell?

Ardagh Metal Packaging S.A. (NYSE:AMBP)’s stock price was down 4.4% on Friday . The company traded as low as $3.85 and last traded at $3.85. Approximately 184,440 shares changed hands during trading, a decline of 89% from the average daily volume of 1,673,205 shares. The stock had previously closed at $4.02.

Analysts Set New Price Targets

AMBP has been the subject of several recent research reports. Citigroup increased their target price on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a “buy” rating in a research note on Thursday, July 3rd. UBS Group increased their price objective on Ardagh Metal Packaging from $3.75 to $4.00 and gave the stock a “neutral” rating in a research report on Friday. Wells Fargo & Company dropped their target price on Ardagh Metal Packaging from $4.50 to $4.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ardagh Metal Packaging in a report on Friday. Finally, Raymond James Financial started coverage on shares of Ardagh Metal Packaging in a research report on Wednesday, October 15th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Ardagh Metal Packaging currently has a consensus rating of “Hold” and a consensus price target of $4.22.

Ardagh Metal Packaging Stock Performance

The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of -379.50, a PEG ratio of 1.35 and a beta of 0.56. The firm has a fifty day moving average price of $3.74 and a 200 day moving average price of $3.83.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings data on Thursday, October 23rd. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Ardagh Metal Packaging had a negative return on equity of 65.14% and a net margin of 0.30%.Ardagh Metal Packaging’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.08 earnings per share. Research analysts predict that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 13th. Investors of record on Monday, November 3rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 10.5%. Ardagh Metal Packaging’s payout ratio is currently -4,000.00%.

Institutional Investors Weigh In On Ardagh Metal Packaging

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new stake in shares of Ardagh Metal Packaging during the 3rd quarter worth approximately $91,000. SG Americas Securities LLC boosted its position in Ardagh Metal Packaging by 135.7% during the third quarter. SG Americas Securities LLC now owns 41,714 shares of the company’s stock worth $166,000 after purchasing an additional 24,013 shares in the last quarter. CWA Asset Management Group LLC grew its holdings in Ardagh Metal Packaging by 20.3% in the third quarter. CWA Asset Management Group LLC now owns 240,840 shares of the company’s stock valued at $961,000 after purchasing an additional 40,721 shares during the last quarter. CWM LLC grew its holdings in Ardagh Metal Packaging by 16.4% in the third quarter. CWM LLC now owns 46,662 shares of the company’s stock valued at $186,000 after purchasing an additional 6,558 shares during the last quarter. Finally, Gilman Hill Asset Management LLC increased its position in shares of Ardagh Metal Packaging by 0.9% in the third quarter. Gilman Hill Asset Management LLC now owns 2,014,500 shares of the company’s stock valued at $8,038,000 after buying an additional 17,237 shares in the last quarter. 16.93% of the stock is currently owned by institutional investors and hedge funds.

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.