Ardagh Metal Packaging S.A. (NYSE:AMBP) Short Interest Update

Ardagh Metal Packaging S.A. (NYSE:AMBP) saw a large decline in short interest in March. As of March 31st, there was short interest totalling 3,750,000 shares, a decline of 5.3% from the March 15th total of 3,960,000 shares. Based on an average daily volume of 1,130,000 shares, the short-interest ratio is presently 3.3 days. Approximately 2.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMBP. Truist Financial reissued a “hold” rating and issued a $3.00 price target (down from $4.00) on shares of Ardagh Metal Packaging in a report on Monday, February 26th. Morgan Stanley began coverage on Ardagh Metal Packaging in a report on Monday, March 18th. They issued an “underweight” rating and a $3.20 price target on the stock. Barclays cut Ardagh Metal Packaging from an “overweight” rating to an “equal weight” rating and set a $4.00 price target on the stock. in a report on Monday, January 8th. UBS Group began coverage on Ardagh Metal Packaging in a report on Tuesday, January 16th. They issued a “buy” rating and a $5.00 price target on the stock. Finally, Wells Fargo & Company boosted their price target on Ardagh Metal Packaging from $3.70 to $3.75 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Two investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.31.

Ardagh Metal Packaging Stock Performance

NYSE AMBP opened at $3.36 on Thursday. The company has a debt-to-equity ratio of 34.34, a current ratio of 0.99 and a quick ratio of 0.68. The business’s 50 day moving average price is $3.48 and its 200-day moving average price is $3.53. Ardagh Metal Packaging has a fifty-two week low of $2.57 and a fifty-two week high of $4.29.

Ardagh Metal Packaging (NYSE:AMBP) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.11 billion. Ardagh Metal Packaging had a negative net margin of 1.04% and a positive return on equity of 38.48%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.05 EPS. On average, analysts forecast that Ardagh Metal Packaging will post 0.18 earnings per share for the current year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 13th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 11.90%. The ex-dividend date was Tuesday, March 12th. Ardagh Metal Packaging’s dividend payout ratio (DPR) is presently -333.33%.

Hedge Funds Weigh In On Ardagh Metal Packaging

Several hedge funds have recently bought and sold shares of the business. MetLife Investment Management LLC grew its position in shares of Ardagh Metal Packaging by 66.8% during the 2nd quarter. MetLife Investment Management LLC now owns 8,391 shares of the company’s stock worth $32,000 after buying an additional 3,359 shares in the last quarter. UBS Group AG grew its position in shares of Ardagh Metal Packaging by 43.1% during the 2nd quarter. UBS Group AG now owns 6,028 shares of the company’s stock worth $37,000 after buying an additional 1,815 shares in the last quarter. Wedmont Private Capital bought a new position in shares of Ardagh Metal Packaging during the 4th quarter worth $39,000. JPMorgan Chase & Co. grew its position in shares of Ardagh Metal Packaging by 2,026.7% during the 4th quarter. JPMorgan Chase & Co. now owns 8,443 shares of the company’s stock worth $41,000 after buying an additional 8,046 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Ardagh Metal Packaging during the 1st quarter worth $43,000. 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.