Ardagh Metal Packaging (NYSE:AMBP) Shares Gap Down to $3.54

Ardagh Metal Packaging S.A. (NYSE:AMBP) gapped down prior to trading on Thursday . The stock had previously closed at $3.54, but opened at $3.44. Ardagh Metal Packaging shares last traded at $3.39, with a volume of 165,658 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wells Fargo & Company upped their target price on shares of Ardagh Metal Packaging from $3.95 to $4.25 and gave the company an “equal weight” rating in a report on Friday, July 26th. UBS Group downgraded Ardagh Metal Packaging from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $5.00 to $3.75 in a research report on Wednesday, July 17th. Finally, Citigroup reduced their target price on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $3.67.

Ardagh Metal Packaging Trading Down 4.8 %

The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 124.21. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of -25.32, a P/E/G ratio of 0.75 and a beta of 0.61. The company has a fifty day simple moving average of $3.51 and a 200-day simple moving average of $3.60.

Ardagh Metal Packaging (NYSE:AMBP) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Ardagh Metal Packaging had a positive return on equity of 114.77% and a negative net margin of 1.02%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.04 earnings per share. On average, research analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Thursday, September 12th will be issued a $0.10 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.40 annualized dividend and a yield of 11.87%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -285.71%.

Institutional Trading of Ardagh Metal Packaging

Several institutional investors have recently modified their holdings of AMBP. Catalina Capital Group LLC acquired a new stake in shares of Ardagh Metal Packaging during the first quarter worth approximately $42,000. Quarry LP acquired a new position in Ardagh Metal Packaging during the 2nd quarter worth about $45,000. Balentine LLC bought a new stake in Ardagh Metal Packaging during the 4th quarter worth about $64,000. Principal Financial Group Inc. increased its position in Ardagh Metal Packaging by 34.5% in the 2nd quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock valued at $66,000 after acquiring an additional 5,009 shares in the last quarter. Finally, Gries Financial LLC acquired a new position in shares of Ardagh Metal Packaging during the second quarter worth approximately $77,000. Institutional investors and hedge funds 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.