Ardagh Metal Packaging (NYSE:AMBP) Hits New 12-Month Low – Should You Sell?

Ardagh Metal Packaging S.A. (NYSE:AMBP) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $3.16 and last traded at $3.19, with a volume of 439740 shares traded. The stock had previously closed at $3.19.

Analyst Ratings Changes

Several research analysts have commented on AMBP shares. Bank of America downgraded shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $4.90 to $4.00 in a research report on Wednesday. Citigroup boosted their price target on Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company raised Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $4.25 to $5.00 in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $3.92.

Ardagh Metal Packaging Stock Down 0.5 %

The stock has a market capitalization of $1.92 billion, a P/E ratio of -26.71, a P/E/G ratio of 0.78 and a beta of 0.61. The company has a debt-to-equity ratio of 124.21, a current ratio of 1.17 and a quick ratio of 0.88. The firm has a 50-day simple moving average of $3.71 and a 200 day simple moving average of $3.64.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the business earned $0.06 EPS. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. On average, equities research analysts forecast 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 will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.40 annualized dividend and a dividend yield of 12.48%. Ardagh Metal Packaging’s dividend payout ratio is -333.33%.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of hedge funds have recently made changes to their positions in the stock. Citigroup Inc. raised its holdings in Ardagh Metal Packaging by 15,834.1% during the 3rd quarter. Citigroup Inc. now owns 5,104,806 shares of the company’s stock worth $19,245,000 after purchasing an additional 5,072,769 shares during the last quarter. King Street Capital Management L.P. acquired a new stake in shares of Ardagh Metal Packaging during the second quarter worth $14,790,000. Squarepoint Ops LLC raised its stake in Ardagh Metal Packaging by 523.8% during the second quarter. Squarepoint Ops LLC now owns 2,914,124 shares of the company’s stock worth $10,568,000 after buying an additional 2,446,997 shares during the last quarter. 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 buying an additional 11,963 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in Ardagh Metal Packaging by 37.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,778,166 shares of the company’s stock valued at $6,704,000 after acquiring an additional 489,146 shares during the last quarter. 16.93% of the stock is currently owned by institutional investors.

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.