Ardagh Metal Packaging (NYSE:AMBP) Trading Up 2% – Should You Buy?

Ardagh Metal Packaging S.A. (NYSE:AMBP) shares traded up 2% on Friday . The stock traded as high as $3.05 and last traded at $3.04. 401,941 shares were traded during mid-day trading, a decline of 70% from the average session volume of 1,358,577 shares. The stock had previously closed at $2.98.

Wall Street Analyst Weigh In

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

Ardagh Metal Packaging Price Performance

The firm has a market capitalization of $1.80 billion, a P/E ratio of -25.16, 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 firm has a 50 day moving average price of $3.57 and a 200-day moving average price of $3.58.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the company posted $0.06 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 13.25%. The ex-dividend date of this dividend was Thursday, December 5th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -333.33%.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its holdings in shares of Ardagh Metal Packaging by 0.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 641,868 shares of the company’s stock valued at $2,420,000 after purchasing an additional 3,290 shares in the last quarter. Signaturefd LLC lifted its holdings in Ardagh Metal Packaging by 23.1% during the third quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock worth $71,000 after buying an additional 3,515 shares during the period. nVerses Capital LLC boosted its position in Ardagh Metal Packaging by 70.4% during the 3rd quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock valued at $46,000 after acquiring an additional 5,000 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of 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 during the period. Finally, US Bancorp DE raised its position in shares of Ardagh Metal Packaging by 17.8% in the 3rd quarter. US Bancorp DE now owns 39,978 shares of the company’s stock worth $151,000 after acquiring an additional 6,031 shares in the last quarter. 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.