Ardagh Metal Packaging (NYSE:AMBP) Trading Up 6.7%

Ardagh Metal Packaging S.A. (NYSE:AMBP) was up 6.7% during mid-day trading on Thursday . The stock traded as high as $4.04 and last traded at $3.98. Approximately 918,827 shares traded hands during trading, a decline of 23% from the average daily volume of 1,193,984 shares. The stock had previously closed at $3.73.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMBP. Wells Fargo & Company raised their price objective on Ardagh Metal Packaging from $3.70 to $3.75 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Morgan Stanley began coverage on Ardagh Metal Packaging in a research report on Monday, March 18th. They issued an “underweight” rating and a $3.20 price objective for the company. Truist Financial reissued a “hold” rating and issued a $3.00 price objective (down previously from $4.00) on shares of Ardagh Metal Packaging in a research report on Monday, February 26th. UBS Group began coverage on Ardagh Metal Packaging in a research report on Tuesday, January 16th. They issued a “buy” rating and a $5.00 price objective for the company. Finally, Bank of America cut Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $4.10 to $3.50 in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.31.

Ardagh Metal Packaging Trading Up 7.5 %

The company has a debt-to-equity ratio of 34.34, a quick ratio of 0.68 and a current ratio of 0.99. The company has a 50 day moving average of $3.47 and a two-hundred day moving average of $3.55. The stock has a market cap of $2.40 billion, a PE ratio of -32.92, a price-to-earnings-growth ratio of 0.74 and a beta of 0.75.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Ardagh Metal Packaging had a positive return on equity of 38.48% and a negative net margin of 1.04%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Sell-side analysts anticipate that Ardagh Metal Packaging S.A. will post 0.18 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 9.98%. The ex-dividend date was Tuesday, March 12th. Ardagh Metal Packaging’s dividend payout ratio is currently -333.33%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Investment Advisory Services LLC lifted its holdings in Ardagh Metal Packaging by 181.2% in the first quarter. Capital Investment Advisory Services LLC now owns 47,800 shares of the company’s stock valued at $164,000 after acquiring an additional 30,800 shares during the last quarter. PFG Investments LLC acquired a new position in Ardagh Metal Packaging in the first quarter valued at approximately $158,000. Gilman Hill Asset Management LLC lifted its holdings in Ardagh Metal Packaging by 1.2% in the first quarter. Gilman Hill Asset Management LLC now owns 1,782,246 shares of the company’s stock valued at $6,113,000 after acquiring an additional 21,411 shares during the last quarter. Sanders Morris Harris LLC acquired a new position in Ardagh Metal Packaging in the first quarter valued at approximately $98,000. Finally, Grizzlyrock Capital LLC acquired a new position in Ardagh Metal Packaging in the fourth quarter valued at approximately $9,360,000. 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.