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

Ardagh Metal Packaging S.A. (NYSE:AMBP) shares 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 changing hands. The stock had previously closed at $3.15.

Analyst Ratings Changes

AMBP has been the subject of several research analyst reports. 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 company from $4.25 to $5.00 in a research note on Tuesday, October 15th. Bank of America cut Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $4.90 to $4.00 in a report on Wednesday, December 11th. Finally, Citigroup raised their price target on Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $3.92.

Ardagh Metal Packaging Stock Down 0.3 %

The stock has a market capitalization of $1.81 billion, a PE ratio of -25.25, a price-to-earnings-growth ratio of 0.78 and a beta of 0.61. 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 company’s 50-day moving average is $3.66 and its 200 day moving average is $3.61.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. As a group, analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current 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 issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 13.20%. The ex-dividend date was Thursday, December 5th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is currently -333.33%.

Institutional Inflows and Outflows

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

About Ardagh Metal Packaging

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.