Ardagh Metal Packaging (NYSE:AMBP) Shares Gap Down – What’s Next?

Ardagh Metal Packaging S.A. (NYSE:AMBP)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $4.80, but opened at $4.50. Ardagh Metal Packaging shares last traded at $4.7250, with a volume of 332,232 shares traded.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Wall Street Zen downgraded shares of Ardagh Metal Packaging from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Citigroup restated a “buy” rating on shares of Ardagh Metal Packaging in a research report on Friday, July 24th. Wells Fargo & Company upped their price objective on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of Ardagh Metal Packaging in a research report on Thursday, August 20th. They issued a “hold” rating and a $5.20 target price on the stock. Finally, UBS Group boosted their price target on Ardagh Metal Packaging from $4.75 to $5.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Ardagh Metal Packaging currently has a consensus rating of “Hold” and a consensus target price of $4.92.

Ardagh Metal Packaging Stock Down 0.3%

The firm has a market cap of $2.81 billion, a P/E ratio of 78.43, a P/E/G ratio of 0.86 and a beta of 0.51. The business’s 50 day moving average is $4.94 and its two-hundred day moving average is $4.46.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.57 billion. Ardagh Metal Packaging had a net margin of 0.68% and a negative return on equity of 27.93%. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period last year, the company posted $0.08 earnings per share. Equities research analysts anticipate that Ardagh Metal Packaging S.A. will post 0.28 EPS for the current year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.40 annualized dividend and a yield of 8.5%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently 666.67%.

Institutional Trading of Ardagh Metal Packaging

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arini Captial Management Ltd purchased a new position in Ardagh Metal Packaging in the fourth quarter worth $46,109,000. Weiss Asset Management LP lifted its stake in shares of Ardagh Metal Packaging by 11,276.2% during the 1st quarter. Weiss Asset Management LP now owns 4,516,338 shares of the company’s stock valued at $18,291,000 after buying an additional 4,476,638 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ardagh Metal Packaging by 20.9% during the first quarter. Dimensional Fund Advisors LP now owns 4,637,767 shares of the company’s stock worth $18,779,000 after acquiring an additional 801,019 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Ardagh Metal Packaging by 28.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,269,861 shares of the company’s stock worth $13,243,000 after acquiring an additional 722,974 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Ardagh Metal Packaging by 31.9% in the first quarter. Renaissance Technologies LLC now owns 2,894,210 shares of the company’s stock worth $11,722,000 after acquiring an additional 699,478 shares during the period. 16.93% of the stock is owned by institutional investors.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging SA (NYSE:AMBP) is a global supplier of sustainable, infinitely recyclable metal packaging. The company primarily manufactures beverage cans and ends for beer, soft drinks, energy drinks, sparkling water and other beverage products, serving branded consumer-goods companies, retailers and beverage producers.

The company operates production facilities across Europe, North America and Brazil. Its products are designed for a range of beverage formats and sizes, with a focus on lightweighting, recyclability and packaging solutions that support customers’ sustainability objectives.

Ardagh Metal Packaging was formed through the separation of Ardagh Group’s metal beverage packaging operations and became a publicly traded company in 2021 following a business combination with a special purpose acquisition company.