Ardagh Metal Packaging S.A. (NYSE:AMBP – Get Free Report) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 3,750,000 shares, a drop of 5.3% from the March 15th total of 3,960,000 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily volume of 1,130,000 shares, the days-to-cover ratio is currently 3.3 days.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on AMBP shares. Truist Financial reaffirmed a “hold” rating and issued a $3.00 target price (down from $4.00) on shares of Ardagh Metal Packaging in a research note on Monday, February 26th. UBS Group started coverage on shares of Ardagh Metal Packaging in a research note on Tuesday, January 16th. They issued a “buy” rating and a $5.00 target price on the stock. Morgan Stanley began coverage on shares of Ardagh Metal Packaging in a research note on Monday, March 18th. They issued an “underweight” rating and a $3.20 target price on the stock. Bank of America cut shares of Ardagh Metal Packaging from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $4.10 to $3.50 in a research report on Monday, April 1st. Finally, Barclays cut shares of Ardagh Metal Packaging from an “overweight” rating to an “equal weight” rating and set a $4.00 price target on the stock. in a research report on Monday, January 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $4.31.
Get Our Latest Report on Ardagh Metal Packaging
Institutional Inflows and Outflows
Ardagh Metal Packaging Stock Down 2.9 %
Shares of NYSE AMBP opened at $3.36 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.68 and a debt-to-equity ratio of 34.34. Ardagh Metal Packaging has a one year low of $2.57 and a one year high of $4.29. The firm’s 50 day simple moving average is $3.48 and its two-hundred day simple moving average is $3.53.
Ardagh Metal Packaging (NYSE:AMBP – Get Free Report) last issued its earnings results on Thursday, February 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Ardagh Metal Packaging had a positive return on equity of 38.48% and a negative net margin of 1.04%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the business posted $0.05 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Ardagh Metal Packaging will post 0.18 EPS for the current year.
Ardagh Metal Packaging Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 13th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 11.90%. The ex-dividend date was Tuesday, March 12th. Ardagh Metal Packaging’s dividend payout ratio is -333.33%.
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.
Featured Articles
- Five stocks we like better than Ardagh Metal Packaging
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- United Airlines Soars on Earnings Beat
- What is the Dogs of the Dow Strategy? Overview and Examples
- J.B. Hunt Hits the Skids: Lower Prices to Come
- ETF Screener: Uses and Step-by-Step Guide
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
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.com's FREE daily email newsletter.