Ardagh Metal Packaging (NYSE:AMBP) Hits New 52-Week High - Should You Buy?

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $4.30 and last traded at $4.30, with a volume of 35601 shares changing hands. The stock had previously closed at $4.27.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley boosted their target price on Ardagh Metal Packaging from $3.50 to $4.10 and gave the company an "equal weight" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $3.64.

Ardagh Metal Packaging Price Performance

The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 1.28 and a beta of 0.53. The firm has a 50-day moving average price of $3.78 and a two-hundred day moving average price of $3.17.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.01. Ardagh Metal Packaging had a negative return on equity of 112.58% and a net margin of 0.08%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the company posted $0.01 earnings per share. Ardagh Metal Packaging's revenue was up 11.1% on a year-over-year basis. On average, equities analysts predict that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, May 5th. This represents a $0.40 annualized dividend and a yield of 9.25%. Ardagh Metal Packaging's payout ratio is presently -1,000.00%.

Institutional Trading of Ardagh Metal Packaging

Several institutional investors and hedge funds have recently bought and sold shares of AMBP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Ardagh Metal Packaging by 172.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,324,218 shares of the company's stock valued at $28,159,000 after buying an additional 5,902,246 shares during the period. Anchorage Capital Advisors L.P. bought a new position in shares of Ardagh Metal Packaging during the fourth quarter worth approximately $5,830,000. King Street Capital Management L.P. increased its stake in shares of Ardagh Metal Packaging by 155.0% during the fourth quarter. King Street Capital Management L.P. now owns 2,550,000 shares of the company's stock worth $7,676,000 after purchasing an additional 1,550,000 shares during the period. CenterBook Partners LP increased its stake in shares of Ardagh Metal Packaging by 161.0% during the fourth quarter. CenterBook Partners LP now owns 2,370,730 shares of the company's stock worth $7,136,000 after purchasing an additional 1,462,548 shares during the period. Finally, Mountaineer Partners Management LLC bought a new position in shares of Ardagh Metal Packaging during the fourth quarter worth approximately $3,184,000. Institutional investors own 16.93% of the company's stock.

About Ardagh Metal Packaging

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.