Ardagh Metal Packaging S.A. (NYSE:AMBP – Get Free Report) saw strong trading volume on Wednesday . 1,686,086 shares traded hands during trading, an increase of 24% from the previous session’s volume of 1,357,546 shares.The stock last traded at $4.0150 and had previously closed at $3.97.
Wall Street Analysts Forecast Growth
Several analysts recently commented on the stock. UBS Group cut their price objective on shares of Ardagh Metal Packaging from $4.75 to $4.25 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Citigroup cut their price objective on shares of Ardagh Metal Packaging from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Wells Fargo & Company cut their price objective on shares of Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research report on Friday, March 20th. Finally, Weiss Ratings raised shares of Ardagh Metal Packaging from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $4.51.
Check Out Our Latest Research Report on Ardagh Metal Packaging
Ardagh Metal Packaging Trading Up 0.1%
Ardagh Metal Packaging (NYSE:AMBP – Get Free Report) last posted its earnings results on Tuesday, March 31st. The company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $1.50 billion for the quarter. Ardagh Metal Packaging had a net margin of 0.19% and a negative return on equity of 31.14%. On average, sell-side analysts anticipate that Ardagh Metal Packaging S.A. will post 0.25 earnings per share for the current year.
Ardagh Metal Packaging Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Thursday, June 11th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, June 11th. This represents a $0.40 annualized dividend and a yield of 9.8%.
Hedge Funds Weigh In On Ardagh Metal Packaging
A number of institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC bought a new stake in shares of Ardagh Metal Packaging during the fourth quarter valued at approximately $33,000. Capital Investment Advisory Services LLC bought a new stake in Ardagh Metal Packaging in the third quarter worth $40,000. Pallas Capital Advisors LLC purchased a new position in Ardagh Metal Packaging during the fourth quarter worth $42,000. Abel Hall LLC purchased a new stake in Ardagh Metal Packaging in the first quarter worth about $42,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Ardagh Metal Packaging by 13,495.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 10,876 shares of the company’s stock worth $45,000 after acquiring an additional 10,796 shares during the period. 16.93% of the stock is owned by institutional investors.
About Ardagh Metal Packaging
Ardagh Metal Packaging (NYSE: AMBP) is a global supplier of metal packaging solutions, specializing in the production of steel and aluminum beverage cans, food cans and ends. As a segment of the Ardagh Group, the company supports a broad range of food and beverage customers, including soft drink and craft beer producers, as well as food manufacturers requiring durable, recyclable packaging. Its product portfolio encompasses two‐piece and three‐piece cans, a variety of can ends and closures, and value‐added services such as custom lithography and decorating.
The company operates a network of manufacturing plants across North America and Europe, serving both regional and multinational clients.
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