Ardagh Metal Packaging (NYSE:AMBP) Shares Gap Down – Should You Sell?

Ardagh Metal Packaging S.A. (NYSE:AMBP)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $2.84, but opened at $2.75. Ardagh Metal Packaging shares last traded at $2.70, with a volume of 155,529 shares traded.

Wall Street Analysts Forecast Growth

AMBP has been the topic of a number of research analyst reports. Bank of America lowered shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $4.90 to $4.00 in a report on Wednesday, December 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $3.35 target price (down previously from $3.60) on shares of Ardagh Metal Packaging in a research report on Thursday. Citigroup decreased their target price on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Monday, January 6th. UBS Group decreased their target price on shares of Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating for the company in a research report on Friday, January 10th. Finally, Morgan Stanley raised shares of Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and decreased their target price for the company from $3.60 to $3.10 in a research report on Monday, January 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $3.37.

Ardagh Metal Packaging Stock Performance

The business’s 50-day moving average price is $3.26 and its 200 day moving average price is $3.50. The company has a market cap of $1.67 billion, a P/E ratio of -23.29, a P/E/G ratio of 0.50 and a beta of 0.65.

Ardagh Metal Packaging (NYSE:AMBP) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm posted $0.06 EPS. The company’s quarterly revenue was up 1.5% on a year-over-year basis. Equities research analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 14.31%. The ex-dividend date was Thursday, December 5th. Ardagh Metal Packaging’s payout ratio is -333.31%.

Institutional Trading of Ardagh Metal Packaging

Hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC raised its stake in Ardagh Metal Packaging by 0.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 641,868 shares of the company’s stock worth $2,420,000 after purchasing an additional 3,290 shares in the last quarter. Signaturefd LLC raised its stake in Ardagh Metal Packaging by 23.1% in 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 in the last quarter. Dakota Wealth Management raised its stake in Ardagh Metal Packaging by 2.8% in the 4th quarter. Dakota Wealth Management now owns 146,682 shares of the company’s stock worth $442,000 after purchasing an additional 4,030 shares in the last quarter. nVerses Capital LLC raised its stake in Ardagh Metal Packaging by 70.4% in the 3rd 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. Finally, US Bancorp DE raised its stake in Ardagh Metal Packaging by 17.8% in the 3rd quarter. US Bancorp DE now owns 39,978 shares of the company’s stock worth $151,000 after purchasing an additional 6,031 shares in the last quarter. Institutional investors 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.