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

Shares of 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 $2.97 and last traded at $2.97, with a volume of 250463 shares traded. The stock had previously closed at $3.02.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Citigroup lifted their target price 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. Bank of America cut shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and decreased their target price for the company from $4.90 to $4.00 in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company raised shares of Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $4.25 to $5.00 in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Ardagh Metal Packaging presently has a consensus rating of “Hold” and a consensus price target of $3.92.

Ardagh Metal Packaging Price Performance

The company has a fifty day moving average of $3.55 and a 200-day moving average of $3.57. The stock has a market cap of $1.80 billion, a PE ratio of -25.16, a P/E/G 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.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share (EPS) 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 firm earned $0.06 earnings per share. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Sell-side analysts expect that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $0.40 annualized dividend and a yield of 13.25%. Ardagh Metal Packaging’s dividend payout ratio is presently -333.33%.

Hedge Funds Weigh In On Ardagh Metal Packaging

Institutional investors have recently modified their holdings of the business. Ballentine Partners LLC purchased a new position in Ardagh Metal Packaging in the third quarter valued at $42,000. Quarry LP acquired a new position in shares of Ardagh Metal Packaging during the second quarter worth about $45,000. nVerses Capital LLC increased its stake in shares of Ardagh Metal Packaging by 70.4% during the third quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock worth $46,000 after buying an additional 5,000 shares during the period. Principal Financial Group Inc. raised its holdings in Ardagh Metal Packaging by 34.5% in the second 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, Signaturefd LLC raised its holdings in Ardagh Metal Packaging by 23.1% in the third quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock valued at $71,000 after acquiring an additional 3,515 shares in the last quarter. 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.