Ardagh Group (NYSE:ARD) had its target price decreased by Citigroup from $26.00 to $25.00 in a research note published on Thursday morning. Citigroup currently has a buy rating on the stock.
Several other research firms have also commented on ARD. Zacks Investment Research lowered Ardagh Group from a hold rating to a sell rating in a research report on Tuesday, December 19th. ValuEngine lowered Ardagh Group from a buy rating to a hold rating in a research report on Friday, February 2nd. Wells Fargo lowered Ardagh Group from an outperform rating to a market perform rating in a research report on Friday, February 23rd. Finally, Barclays reiterated an equal weight rating and issued a $21.00 price target (down previously from $23.00) on shares of Ardagh Group in a research report on Thursday, March 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $23.95.
Shares of Ardagh Group stock opened at $18.41 on Thursday. The stock has a market cap of $353.70 and a PE ratio of 10.01. The company has a quick ratio of 0.90, a current ratio of 1.49 and a debt-to-equity ratio of -6.04. Ardagh Group has a twelve month low of $17.43 and a twelve month high of $24.54.
Ardagh Group (NYSE:ARD) last issued its quarterly earnings data on Thursday, February 22nd. The company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.04. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.76 billion. Ardagh Group had a negative return on equity of 31.99% and a net margin of 0.78%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. analysts anticipate that Ardagh Group will post 1.97 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Tuesday, February 27th were given a $0.14 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.56 annualized dividend and a yield of 3.04%. Ardagh Group’s dividend payout ratio is currently 30.43%.
A number of hedge funds and other institutional investors have recently made changes to their positions in ARD. Franklin Resources Inc. bought a new stake in Ardagh Group in the fourth quarter worth about $12,749,000. Schroder Investment Management Group lifted its stake in Ardagh Group by 24.2% in the fourth quarter. Schroder Investment Management Group now owns 1,043,891 shares of the company’s stock worth $22,026,000 after purchasing an additional 203,387 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Ardagh Group by 35.2% in the third quarter. Mackenzie Financial Corp now owns 386,821 shares of the company’s stock worth $8,282,000 after purchasing an additional 100,708 shares during the last quarter. Silver Rock Financial LP lifted its stake in Ardagh Group by 22.8% in the fourth quarter. Silver Rock Financial LP now owns 480,741 shares of the company’s stock worth $10,153,000 after purchasing an additional 89,137 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Ardagh Group by 111.9% in the fourth quarter. Millennium Management LLC now owns 133,129 shares of the company’s stock worth $2,809,000 after purchasing an additional 70,315 shares during the last quarter. 91.17% of the stock is owned by institutional investors and hedge funds.
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Ardagh Group Company Profile
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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