Ardagh Metal Packaging (NYSE:AMBP) Shares Gap Down to $3.43

Shares of Ardagh Metal Packaging S.A. (NYSE:AMBPGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $3.43, but opened at $3.35. Ardagh Metal Packaging shares last traded at $3.34, with a volume of 148,632 shares trading hands.

Wall Street Analyst Weigh In

AMBP has been the subject of a number of recent analyst reports. Truist Financial reaffirmed a “hold” rating and issued a $3.00 price objective (down previously from $4.00) on shares of Ardagh Metal Packaging in a research note on Monday, February 26th. Barclays lowered Ardagh Metal Packaging from an “overweight” rating to an “equal weight” rating and set a $4.00 price target on the stock. in a research report on Monday, January 8th. Wells Fargo & Company decreased their price objective on Ardagh Metal Packaging from $4.00 to $3.70 and set an “equal weight” rating for the company in a research report on Friday, February 23rd. UBS Group initiated coverage on Ardagh Metal Packaging in a report on Tuesday, January 16th. They issued a “buy” rating and a $5.00 target price on the stock. Finally, Morgan Stanley initiated coverage on shares of Ardagh Metal Packaging in a report on Monday, March 18th. They set an “underweight” rating and a $3.20 price target for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Ardagh Metal Packaging presently has a consensus rating of “Hold” and an average target price of $4.30.

View Our Latest Analysis on AMBP

Ardagh Metal Packaging Price Performance

The company has a 50 day moving average of $3.54 and a 200 day moving average of $3.51. The company has a quick ratio of 0.68, a current ratio of 0.99 and a debt-to-equity ratio of 34.34.

Ardagh Metal Packaging (NYSE:AMBPGet Free Report) last posted its earnings results on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Ardagh Metal Packaging had a positive return on equity of 38.48% and a negative net margin of 1.04%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 earnings per share. As a group, equities analysts forecast that Ardagh Metal Packaging S.A. will post 0.18 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.40 annualized dividend and a yield of 11.90%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -333.33%.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of institutional investors have recently modified their holdings of AMBP. Canyon Capital Advisors LLC grew its stake in Ardagh Metal Packaging by 69.0% in the 1st quarter. Canyon Capital Advisors LLC now owns 10,154,743 shares of the company’s stock valued at $41,431,000 after buying an additional 4,146,893 shares during the last quarter. Newtyn Management LLC increased its stake in shares of Ardagh Metal Packaging by 2.7% in the third quarter. Newtyn Management LLC now owns 7,188,138 shares of the company’s stock worth $22,499,000 after purchasing an additional 188,138 shares during the period. Private Management Group Inc. lifted its position in shares of Ardagh Metal Packaging by 8.9% during the 4th quarter. Private Management Group Inc. now owns 5,633,286 shares of the company’s stock worth $21,632,000 after purchasing an additional 461,967 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Ardagh Metal Packaging by 1,382.5% during the 4th quarter. Bank of America Corp DE now owns 4,682,134 shares of the company’s stock worth $22,521,000 after purchasing an additional 4,366,315 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Ardagh Metal Packaging by 17.3% during the 2nd quarter. BlackRock Inc. now owns 4,002,117 shares of the company’s stock valued at $15,048,000 after purchasing an additional 591,427 shares during the period. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Company Profile

(Get Free Report)

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.

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