Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday after Morgan Stanley raised their price target on the stock from $3.50 to $4.10. Morgan Stanley currently has an equal weight rating on the stock. Ardagh Metal Packaging 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.
Hedge Funds Weigh In On Ardagh Metal Packaging
Hedge funds have recently bought and sold shares of the business. Boston Partners bought a new position in Ardagh Metal Packaging in the 4th quarter valued at $592,000. Norges Bank bought a new position in Ardagh Metal Packaging in the 4th quarter valued at $880,000. Counterpoint Mutual Funds LLC bought a new position in Ardagh Metal Packaging in the 4th quarter valued at $286,000. Gilman Hill Asset Management LLC grew its position in Ardagh Metal Packaging by 10.3% in the 1st quarter. Gilman Hill Asset Management LLC now owns 1,967,087 shares of the company's stock valued at $5,941,000 after acquiring an additional 184,305 shares during the last quarter. Finally, NBC Securities Inc. grew its position in Ardagh Metal Packaging by 106,534.2% in the 1st quarter. NBC Securities Inc. now owns 81,042 shares of the company's stock valued at $244,000 after acquiring an additional 80,966 shares during the last quarter. Institutional investors own 16.93% of the company's stock.
Ardagh Metal Packaging Trading Down 0.8%
The company has a 50-day simple moving average of $3.85 and a 200 day simple moving average of $3.19. The company has a market cap of $2.57 billion, a P/E ratio of -107.38, a P/E/G ratio of 1.30 and a beta of 0.53.
Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $1.17 billion. During the same quarter in the prior year, the company earned $0.01 EPS. The business's revenue was up 11.1% compared to the same quarter last year. On average, equities analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.
Ardagh Metal Packaging Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 9.31%. The ex-dividend date was Monday, May 5th. Ardagh Metal Packaging's payout ratio is currently -1,000.00%.
About Ardagh Metal Packaging
(
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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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