Ardagh Group S.A. (NYSE:ARD) Receives Consensus Rating of “Hold” from Brokerages

Shares of Ardagh Group S.A. (NYSE:ARD) have received an average rating of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $25.17.

Separately, BMO Capital Markets lowered Ardagh Group from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $29.00 to $26.00 in a research note on Wednesday, May 26th.

ARD stock traded down $0.34 on Thursday, reaching $23.47. The company had a trading volume of 598 shares, compared to its average volume of 86,817. Ardagh Group has a 1 year low of $13.20 and a 1 year high of $28.33. The firm’s fifty day moving average price is $24.84. The company has a market capitalization of $437.95 million, a P/E ratio of -125.32 and a beta of 1.21.

Ardagh Group (NYSE:ARD) last posted its earnings results on Wednesday, April 28th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. Ardagh Group had a negative return on equity of 105.11% and a negative net margin of 0.65%. The firm had revenue of $1.77 billion for the quarter.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 16th. Shareholders of record on Wednesday, June 2nd were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, June 1st. This represents a $0.60 annualized dividend and a yield of 2.56%.

A number of institutional investors and hedge funds have recently modified their holdings of ARD. Harvest Fund Management Co. Ltd acquired a new position in Ardagh Group in the 1st quarter valued at $49,000. Panagora Asset Management Inc. acquired a new stake in shares of Ardagh Group during the 1st quarter worth $110,000. UBS Asset Management Americas Inc. acquired a new stake in shares of Ardagh Group during the 4th quarter worth $182,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Ardagh Group during the 1st quarter worth $214,000. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Ardagh Group during the 1st quarter worth $229,000. Institutional investors own 86.49% of the company’s stock.

About Ardagh Group

Ardagh Group SA, together with its subsidiaries, manufactures and supplies rigid packaging solutions primarily for the food and beverage markets worldwide. The company operates through four segments: Metal Beverage Packaging Europe, Metal Beverage Packaging Americas, Glass Packaging Europe, and Glass Packaging North America.

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Analyst Recommendations for Ardagh Group (NYSE:ARD)

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