Ardagh Metal Packaging (NYSE:AMBP) Reaches New 12-Month High - Still a Buy?

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $4.58 and last traded at $4.56, with a volume of 455115 shares changing hands. The stock had previously closed at $4.51.

Analyst Upgrades and Downgrades

AMBP has been the topic of a number of recent research reports. Citigroup boosted their price target on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. Morgan Stanley boosted their price target on shares of Ardagh Metal Packaging from $3.50 to $4.10 and gave the stock an "equal weight" rating in a research report on Wednesday, June 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $3.84.

Ardagh Metal Packaging Stock Up 2.4%

The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of -116.75, a price-to-earnings-growth ratio of 1.37 and a beta of 0.56. The business's 50-day moving average is $4.01 and its two-hundred day moving average is $3.25.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.02 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.01. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.17 billion. Ardagh Metal Packaging had a net margin of 0.08% and a negative return on equity of 112.58%. Ardagh Metal Packaging's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 earnings per share. As a group, analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.57%. The ex-dividend date was Monday, May 5th. Ardagh Metal Packaging's dividend payout ratio (DPR) is currently -1,000.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMBP. Norges Bank acquired a new position in shares of Ardagh Metal Packaging in the 4th quarter valued at $880,000. Boston Partners acquired a new position in shares of Ardagh Metal Packaging in the 4th quarter valued at $592,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Ardagh Metal Packaging in the 4th quarter valued at $286,000. Gilman Hill Asset Management LLC boosted its holdings in shares of 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 buying an additional 184,305 shares in the last quarter. Finally, NBC Securities Inc. boosted its holdings in shares of 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 buying an additional 80,966 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.