Ardagh Metal Packaging (NYSE:AMBP) Trading 2% Higher – Should You Buy?

Ardagh Metal Packaging S.A. (NYSE:AMBP)’s stock price traded up 2% during trading on Friday . The company traded as high as $3.05 and last traded at $3.04. 401,941 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 1,358,577 shares. The stock had previously closed at $2.98.

Analyst Ratings Changes

Several analysts have recently issued reports on AMBP shares. Citigroup upped their target price on shares of Ardagh Metal Packaging from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company upgraded Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $4.25 to $5.00 in a research report on Tuesday, October 15th. Finally, Bank of America lowered Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $4.90 to $4.00 in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Ardagh Metal Packaging currently has an average rating of “Hold” and an average target price of $3.92.

Ardagh Metal Packaging Price Performance

The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 124.21. The company has a market capitalization of $1.80 billion, a PE ratio of -25.16, a price-to-earnings-growth ratio of 0.78 and a beta of 0.61. The stock’s 50-day moving average is $3.55 and its two-hundred day moving average is $3.57.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.01. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities analysts predict 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 was paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 13.25%. The ex-dividend date was Thursday, December 5th. Ardagh Metal Packaging’s dividend payout ratio is currently -333.33%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMBP. Ballentine Partners LLC purchased a new stake in Ardagh Metal Packaging in the 3rd quarter valued at about $42,000. Quarry LP purchased a new stake in shares of Ardagh Metal Packaging in the second quarter valued at approximately $45,000. nVerses Capital LLC grew its stake in Ardagh Metal Packaging by 70.4% in the third quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock worth $46,000 after purchasing an additional 5,000 shares in the last quarter. Principal Financial Group Inc. grew its stake in Ardagh Metal Packaging by 34.5% in the second quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock worth $66,000 after purchasing an additional 5,009 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in Ardagh Metal Packaging by 23.1% during the 3rd quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock worth $71,000 after purchasing an additional 3,515 shares during the period. Hedge funds and other institutional investors own 16.93% of the company’s stock.

About Ardagh Metal Packaging

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.