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

Ardagh Metal Packaging S.A. (NYSE:AMBP)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $2.97 and last traded at $2.97, with a volume of 250463 shares traded. The stock had previously closed at $3.02.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Bank of America cut Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and cut their target price for the company from $4.90 to $4.00 in a research note on Wednesday, December 11th. Citigroup raised their target price 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. Finally, Wells Fargo & Company upgraded Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $4.25 to $5.00 in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $3.92.

Ardagh Metal Packaging Stock Performance

The stock has a market cap of $1.77 billion, a P/E ratio of -24.75, a PEG ratio of 0.78 and a beta of 0.61. The stock has a fifty day simple moving average of $3.60 and a 200-day simple moving average of $3.58. The company has a debt-to-equity ratio of 124.21, a quick ratio of 0.88 and a current ratio of 1.17.

Ardagh Metal Packaging (NYSE:AMBP) last issued 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 during the quarter, compared to the consensus estimate 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 firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. On average, equities analysts expect that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were given 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 13.47%. Ardagh Metal Packaging’s payout ratio is -333.33%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Citigroup Inc. boosted its position in Ardagh Metal Packaging by 15,834.1% in the third 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. acquired a new position in Ardagh Metal Packaging in the 2nd quarter valued at approximately $14,790,000. Squarepoint Ops LLC raised its stake in shares of Ardagh Metal Packaging by 523.8% during the second quarter. Squarepoint Ops LLC now owns 2,914,124 shares of the company’s stock valued at $10,568,000 after acquiring an additional 2,446,997 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake 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 purchasing an additional 489,146 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Ardagh Metal Packaging by 48.7% in the second quarter. Renaissance Technologies LLC now owns 1,325,132 shares of the company’s stock valued at $4,505,000 after purchasing an additional 433,700 shares during the period. 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.