Ardagh Group (ARD) – Investment Analysts’ Recent Ratings Updates

Ardagh Group (NYSE: ARD) has recently received a number of price target changes and ratings updates:

  • 10/29/2018 – Ardagh Group had its price target lowered by analysts at Barclays PLC from $18.00 to $16.00. They now have an “equal weight” rating on the stock.
  • 10/29/2018 – Ardagh Group was given a new $18.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock.
  • 10/26/2018 – Ardagh Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Ardagh Group S.A. provides metal and glass packaging solutions, producing packaging for food, beverage and consumer brands. Ardagh Group S.A. is based in Luxembourg. “
  • 10/18/2018 – Ardagh Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Ardagh Group S.A. provides metal and glass packaging solutions, producing packaging for food, beverage and consumer brands. Ardagh Group S.A. is based in Luxembourg. “
  • 9/27/2018 – Ardagh Group was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Ardagh Group S.A. provides metal and glass packaging solutions, producing packaging for food, beverage and consumer brands. Ardagh Group S.A. is based in Luxembourg. “

Shares of Ardagh Group stock traded up $0.39 during trading on Wednesday, reaching $14.05. 38,610 shares of the stock traded hands, compared to its average volume of 91,123. The firm has a market cap of $256.23 million, a price-to-earnings ratio of 7.64 and a beta of 0.92. Ardagh Group SA has a 52-week low of $13.00 and a 52-week high of $21.82.

Ardagh Group (NYSE:ARD) last issued its quarterly earnings data on Thursday, October 25th. The company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Ardagh Group had a net margin of 0.94% and a negative return on equity of 30.73%. Sell-side analysts forecast that Ardagh Group SA will post 1.64 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be given a dividend of $0.14 per share. The ex-dividend date is Thursday, November 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.99%. Ardagh Group’s payout ratio is 15.22%.

Institutional investors have recently modified their holdings of the company. Canyon Capital Advisors LLC grew its position in shares of Ardagh Group by 0.4% during the second quarter. Canyon Capital Advisors LLC now owns 2,658,756 shares of the company’s stock valued at $44,189,000 after purchasing an additional 9,500 shares in the last quarter. Citadel Advisors LLC grew its position in shares of Ardagh Group by 40.9% during the second quarter. Citadel Advisors LLC now owns 824,516 shares of the company’s stock valued at $13,703,000 after purchasing an additional 239,224 shares in the last quarter. Private Management Group Inc. purchased a new position in shares of Ardagh Group during the second quarter valued at about $2,118,000. Sei Investments Co. grew its position in shares of Ardagh Group by 127.6% during the second quarter. Sei Investments Co. now owns 17,659 shares of the company’s stock valued at $294,000 after purchasing an additional 9,900 shares in the last quarter. Finally, Martingale Asset Management L P purchased a new position in shares of Ardagh Group during the second quarter valued at about $369,000. Hedge funds and other institutional investors own 88.30% of the company’s stock.

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.

Featured Article: Stop Order Uses For Individual Investors

Receive News & Ratings for Ardagh Group SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ardagh Group SA and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply