Ardagh Metal Packaging (NYSE:AMBP) Hits New 52-Week High at $4.17

Ardagh Metal Packaging S.A. (NYSE:AMBP - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $4.17 and last traded at $4.10, with a volume of 113642 shares changing hands. The stock had previously closed at $4.05.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AMBP shares. Morgan Stanley started coverage on shares of Ardagh Metal Packaging in a research note on Monday, March 18th. They set an "underweight" rating and a $3.20 target price for the company. Barclays lowered shares of Ardagh Metal Packaging from an "overweight" rating to an "equal weight" rating and set a $4.00 target price for the company. in a research note on Monday, January 8th. UBS Group initiated coverage on shares of Ardagh Metal Packaging in a research note on Tuesday, January 16th. They set a "buy" rating and a $5.00 target price for the company. Wells Fargo & Company boosted their price target on shares of Ardagh Metal Packaging from $3.70 to $3.75 and gave the stock an "equal weight" rating in a research report on Thursday, April 11th. Finally, Truist Financial restated a "hold" rating and set a $3.00 price target (down from $4.00) on shares of Ardagh Metal Packaging in a research report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $4.31.

Ardagh Metal Packaging Price Performance

The company has a current ratio of 0.92, a quick ratio of 0.58 and a debt-to-equity ratio of 124.21. The business's fifty day moving average is $3.48 and its 200 day moving average is $3.58. The firm has a market capitalization of $2.38 billion, a P/E ratio of -28.39, a P/E/G ratio of 0.84 and a beta of 0.75.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last released its earnings results on Thursday, April 25th. The company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. Ardagh Metal Packaging had a negative net margin of 1.26% and a positive return on equity of 55.91%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm earned $0.01 EPS. The business's revenue for the quarter was up .9% on a year-over-year basis. As a group, analysts forecast that Ardagh Metal Packaging S.A. will post 0.17 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 12th will be issued a $0.10 dividend. The ex-dividend date is Wednesday, June 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.06%. Ardagh Metal Packaging's payout ratio is currently -285.69%.

Institutional Investors Weigh In On Ardagh Metal Packaging

A number of large investors have recently made changes to their positions in the company. W.G. Shaheen & Associates DBA Whitney & Co raised its holdings in shares of Ardagh Metal Packaging by 0.7% during the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 435,522 shares of the company's stock valued at $1,363,000 after acquiring an additional 2,915 shares during the period. Greenwich Wealth Management LLC grew its position in Ardagh Metal Packaging by 29.7% during the third quarter. Greenwich Wealth Management LLC now owns 14,780 shares of the company's stock valued at $46,000 after purchasing an additional 3,388 shares in the last quarter. Principle Wealth Partners LLC grew its position in Ardagh Metal Packaging by 7.5% during the fourth quarter. Principle Wealth Partners LLC now owns 50,315 shares of the company's stock valued at $193,000 after purchasing an additional 3,495 shares in the last quarter. Bfsg LLC grew its position in Ardagh Metal Packaging by 9.2% during the fourth quarter. Bfsg LLC now owns 48,275 shares of the company's stock valued at $185,000 after purchasing an additional 4,050 shares in the last quarter. Finally, Signaturefd LLC grew its position in Ardagh Metal Packaging by 44.9% during the fourth quarter. Signaturefd LLC now owns 21,066 shares of the company's stock valued at $81,000 after purchasing an additional 6,531 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.