Shares of Ardagh Group SA (NYSE:ARD) have received a consensus rating of “Hold” from the seven research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $17.66.
Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. cut shares of Ardagh Group from a “neutral” rating to an “underweight” rating and boosted their price objective for the company from $15.00 to $17.00 in a research report on Wednesday, July 17th. ValuEngine cut shares of Ardagh Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Citigroup upped their price objective on shares of Ardagh Group from $16.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, Zacks Investment Research upgraded shares of Ardagh Group from a “sell” rating to a “hold” rating in a research report on Friday.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Machina Capital S.A.S. purchased a new stake in Ardagh Group during the 2nd quarter valued at approximately $76,000. Gabelli Funds LLC acquired a new position in shares of Ardagh Group in the first quarter worth $131,000. Calamos Advisors LLC acquired a new position in shares of Ardagh Group in the second quarter worth $201,000. Barings LLC acquired a new position in shares of Ardagh Group in the first quarter worth $228,000. Finally, HighTower Advisors LLC acquired a new position in shares of Ardagh Group in the second quarter worth $260,000. Hedge funds and other institutional investors own 85.26% of the company’s stock.
Shares of NYSE ARD traded up $0.12 during midday trading on Friday, hitting $17.89. 76,735 shares of the company’s stock were exchanged, compared to its average volume of 96,587. The stock’s 50 day moving average price is $17.08 and its 200-day moving average price is $15.33. The firm has a market cap of $335.29 million, a P/E ratio of 10.59, a PEG ratio of 1.50 and a beta of 1.21. Ardagh Group has a twelve month low of $10.09 and a twelve month high of $20.00.
Ardagh Group (NYSE:ARD) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.01). Ardagh Group had a negative return on equity of 26.87% and a negative net margin of 0.61%. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The business’s quarterly revenue was down 3.4% on a year-over-year basis. As a group, equities research analysts predict that Ardagh Group will post 1.66 earnings per share for the current fiscal year.
The firm also recently declared a dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, August 15th.
About Ardagh Group
Ardagh Group SA manufactures and supplies rigid packaging solutions primarily for the food and beverage markets worldwide. The company operates in four segments: Metal Packaging Europe, Metal Packaging Americas, Glass Packaging Europe, and Glass Packaging North America. Its metal packaging products include aluminum and steel beverage cans; two-piece aluminum, two-piece tinplate, and three-piece tinplate food and specialty cans; and a range of can ends, including easy-open and peelable ends.
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