1 day Ago By ABMN Staff
Ardagh Metal Packaging S.A. ( NYSE:AMBP – Get Free Report )’s stock price reached a new 52-week low during trading on Friday .
The company traded as low as $2.93 and last traded at $2.97, with a volume of 271092 shares trading hands.
The stock had previously closed at $2.97. Analyst Upgrades and Downgrades AMBP has been the subject of several recent analyst reports.
Wells Fargo & Company raised shares of Ardagh Metal Packaging from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $4.25 to $5.00 in a report on Tuesday, October 15th.
Bank of America cut shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and decreased their price target for the company from $4.90 to $4.00 in a report on Wednesday, December 11th.
Finally, Citigroup lifted their price objective on Ardagh Metal Packaging from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd.
Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $3.
92. Get Our Latest Report on AMBP Ardagh Metal Packaging Stock Performance Ardagh Metal Packaging ( NYSE:AMBP – Get Free Report ) last released its earnings results on Thursday, October 24th. The company reported $0.
08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01.
The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.34 billion.
Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%.
The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $0.
06 earnings per share. As a group, research analysts forecast that Ardagh Metal Packaging S.A.
will post 0.16 EPS for the current fiscal year. Ardagh Metal Packaging Announces Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th.
Investors of record on Thursday, December 5th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 5th.
This represents a $0.40 dividend on an annualized basis and a dividend yield of 13.47%.
Ardagh Metal Packaging’s payout ratio is -333.31%. Hedge Funds Weigh In On Ardagh Metal Packaging Hedge funds and other institutional investors have recently made changes to their positions in the business.
Citigroup Inc. increased its stake in Ardagh Metal Packaging by 15,834.1% in the third quarter.
Citigroup Inc. now owns 5,104,806 shares of the company’s stock valued at $19,245,000 after acquiring an additional 5,072,769 shares during the period. King Street Capital Management L.
P. acquired a new stake in Ardagh Metal Packaging during the second quarter valued at approximately $14,790,000. Squarepoint Ops LLC grew its stake in shares of Ardagh Metal Packaging by 523.
8% in the 2nd quarter. Squarepoint Ops LLC now owns 2,914,124 shares of the company’s stock valued at $10,568,000 after purchasing an additional 2,446,997 shares during the period. Geode Capital Management LLC raised its holdings in shares of Ardagh Metal Packaging by 0.
7% in the 3rd quarter. Geode Capital Management LLC now owns 1,784,882 shares of the company’s stock worth $6,729,000 after buying an additional 11,963 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc.
lifted its position in shares of Ardagh Metal Packaging by 37.9% during the 3rd quarter. Jacobs Levy Equity Management Inc.
now owns 1,778,166 shares of the company’s stock worth $6,704,000 after buying an additional 489,146 shares during the period. 16.93% of the stock is owned by institutional investors.
Ardagh Metal Packaging Company Profile ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for Ardagh Metal Packaging Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ardagh Metal Packaging and related companies with MarketBeat.
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