Ardagh Metal Packaging (NYSE:AMBP) Hits New 12-Month High - Here's What Happened

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on AMBP. Citigroup raised their price target on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Morgan Stanley raised their price target on Ardagh Metal Packaging from $3.50 to $4.10 and gave the stock an "equal weight" rating in a research note on Wednesday, June 25th. Finally, UBS Group raised their price target on Ardagh Metal Packaging from $3.40 to $4.50 and gave the stock a "neutral" rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $4.19.

Ardagh Metal Packaging Stock Up 0.5%

The firm has a fifty day moving average price of $4.03 and a two-hundred day moving average price of $3.26. The stock has a market capitalization of $2.82 billion, a P/E ratio of -118.13, a P/E/G ratio of 1.41 and a beta of 0.56.

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

Ardagh Metal Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 8.47%. The ex-dividend date was Monday, May 5th. Ardagh Metal Packaging's dividend payout ratio is currently -1,000.00%.

Hedge Funds Weigh In On Ardagh Metal Packaging

Several hedge funds have recently bought and sold shares of AMBP. SBI Securities Co. Ltd. raised its stake in Ardagh Metal Packaging by 140.6% in the first quarter. SBI Securities Co. Ltd. now owns 9,173 shares of the company's stock valued at $28,000 after buying an additional 5,361 shares during the last quarter. Larson Financial Group LLC acquired a new stake in Ardagh Metal Packaging during the fourth quarter worth about $30,000. Tower Research Capital LLC TRC grew its holdings in Ardagh Metal Packaging by 292.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,975 shares of the company's stock valued at $33,000 after purchasing an additional 8,180 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in Ardagh Metal Packaging in the first quarter valued at approximately $33,000. Finally, Xponance Inc. acquired a new stake in Ardagh Metal Packaging in the fourth quarter valued at approximately $41,000. Institutional investors 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.