Ardagh Metal Packaging (NYSE:AMBP) Stock Price Up 4.4% - What's Next?

Key Points

• The shares of Ardagh Metal Packaging (NYSE:AMBP) rose by 4.4%, reaching a trading price of $3.93 during mid-day trading.
• Analysts have issued varying price targets for the company, with Wells Fargo setting a target of $4.50 and Citigroup raising theirs to $5.00, while the stock currently has an average rating of "Hold".
• Ardagh Metal Packaging recently announced a quarterly dividend of $0.10 per share, which reflects an annualized rate of $0.40 and a yield of 9.96%.

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report)'s share price was up 4.4% on Monday . The stock traded as high as $3.93 and last traded at $3.93. Approximately 730,284 shares traded hands during trading, a decline of 60% from the average daily volume of 1,843,576 shares. The stock had previously closed at $3.76.

Wall Street Analyst Weigh In

AMBP has been the topic of several recent research reports. Wells Fargo & Company decreased their price objective on Ardagh Metal Packaging from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research note on Monday. Morgan Stanley raised their target price on shares of Ardagh Metal Packaging from $3.50 to $4.10 and gave the company an "equal weight" rating in a research note on Wednesday, June 25th. Citigroup boosted their target price on Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Finally, UBS Group dropped their price target on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a "neutral" rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $4.32.

Ardagh Metal Packaging Trading Down 1.3%

The company has a market capitalization of $2.34 billion, a PE ratio of -130.33, a PEG ratio of 1.41 and a beta of 0.56. The firm's 50-day simple moving average is $4.23 and its 200-day simple moving average is $3.42.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.08 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.01. Ardagh Metal Packaging had a negative return on equity of 76.86% and a net margin of 0.13%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business earned $0.06 earnings per share. Ardagh Metal Packaging's revenue was up 15.6% on a year-over-year basis. As a group, analysts anticipate 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 will be paid on Tuesday, August 19th. Shareholders of record on Thursday, August 7th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 10.2%. The ex-dividend date is Thursday, August 7th. Ardagh Metal Packaging's payout ratio is -1,333.33%.

Hedge Funds Weigh In On Ardagh Metal Packaging

A number of large investors have recently added to or reduced their stakes in AMBP. Norges Bank purchased a new position in shares of Ardagh Metal Packaging in the 4th quarter worth approximately $880,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Ardagh Metal Packaging during the 1st quarter valued at approximately $51,000. Allspring Global Investments Holdings LLC grew its position in Ardagh Metal Packaging by 2.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 137,503 shares of the company's stock worth $415,000 after purchasing an additional 3,320 shares during the period. Gilman Hill Asset Management LLC raised its position in Ardagh Metal Packaging by 10.3% during the first 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 in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in Ardagh Metal Packaging by 74.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 39,220 shares of the company's stock worth $118,000 after buying an additional 16,711 shares in the last quarter. 16.93% of the stock is currently owned by institutional investors.

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.