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

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $4.78 and last traded at $4.75, with a volume of 76533 shares changing hands. The stock had previously closed at $4.74.

Analyst Upgrades and Downgrades

AMBP has been the subject of a number of research analyst reports. Morgan Stanley increased their target price on Ardagh Metal Packaging from $3.50 to $4.10 and gave the company an "equal weight" rating in a report on Wednesday, June 25th. Citigroup increased their target price on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Finally, UBS Group increased their target price on Ardagh Metal Packaging from $3.40 to $4.50 and gave the company a "neutral" rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $4.19.

Ardagh Metal Packaging Price Performance

The company has a fifty day moving average of $4.14 and a 200-day moving average of $3.32. The firm has a market capitalization of $2.73 billion, a PE ratio of -113.88, a price-to-earnings-growth ratio of 1.10 and a beta of 0.56.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company earned $0.01 earnings per share. Ardagh Metal Packaging's quarterly revenue was up 11.1% compared to the same quarter last year. Equities analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 8.76%. The ex-dividend date was Monday, May 5th. Ardagh Metal Packaging's payout ratio is -1,000.00%.

Hedge Funds Weigh In On Ardagh Metal Packaging

Hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. increased its position in Ardagh Metal Packaging by 140.6% during the first quarter. SBI Securities Co. Ltd. now owns 9,173 shares of the company's stock worth $28,000 after buying an additional 5,361 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of 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 last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Ardagh Metal Packaging in the first quarter valued at about $33,000. Xponance Inc. acquired a new stake in shares of Ardagh Metal Packaging in the fourth quarter valued at about $41,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Ardagh Metal Packaging in the fourth quarter valued at about $41,000. 16.93% of the stock is owned by institutional investors and hedge funds.

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.