Ardagh Group (NYSE:ARD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

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. “

A number of other research firms have also recently issued reports on ARD. ValuEngine cut Ardagh Group from a “sell” rating to a “strong sell” rating in a report on Friday, May 4th. Citigroup cut their price objective on Ardagh Group from $26.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, April 5th. Finally, Barclays cut their price objective on Ardagh Group from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Wednesday, June 27th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $23.00.

Shares of Ardagh Group traded up $0.11, reaching $17.12, during midday trading on Wednesday, according to Marketbeat.com. The stock had a trading volume of 69,614 shares, compared to its average volume of 95,386. Ardagh Group has a 12-month low of $15.98 and a 12-month high of $23.72. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of -5.79. The stock has a market capitalization of $310.09 million, a P/E ratio of 9.30 and a beta of -0.25.

Ardagh Group (NYSE:ARD) last posted its quarterly earnings data on Thursday, April 26th. The company reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. Ardagh Group had a negative return on equity of 31.18% and a net margin of 1.30%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the business earned $0.31 EPS. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. equities research analysts predict that Ardagh Group will post 1.91 EPS for the current year.

Hedge funds have recently modified their holdings of the stock. Sei Investments Co. boosted its holdings in Ardagh Group by 99.3% during the 1st quarter. Sei Investments Co. now owns 7,759 shares of the company’s stock valued at $145,000 after acquiring an additional 3,866 shares during the period. Engineers Gate Manager LP purchased a new stake in Ardagh Group during the 1st quarter valued at about $199,000. PNC Financial Services Group Inc. boosted its holdings in Ardagh Group by 163,571.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,457 shares of the company’s stock valued at $214,000 after acquiring an additional 11,450 shares during the period. Two Sigma Investments LP purchased a new stake in Ardagh Group during the 4th quarter valued at about $263,000. Finally, Barclays PLC boosted its holdings in Ardagh Group by 90.7% during the 1st quarter. Barclays PLC now owns 21,949 shares of the company’s stock valued at $409,000 after acquiring an additional 10,438 shares during the period. Institutional investors own 91.65% of the company’s stock.

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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Analyst Recommendations for Ardagh Group (NYSE:ARD)

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