Ardagh Group SA (NYSE:ARD) has been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $16.86.

ARD has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Ardagh Group from a “sell” rating to a “hold” rating in a research note on Monday, December 31st. Citigroup lowered their price target on shares of Ardagh Group from $18.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, January 7th.

Shares of ARD stock opened at $13.81 on Thursday. Ardagh Group has a 1 year low of $10.09 and a 1 year high of $20.53. The firm has a market capitalization of $256.23 million, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 1.18 and a beta of 1.21.

Ardagh Group (NYSE:ARD) last issued its quarterly earnings results on Thursday, February 21st. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. Ardagh Group had a negative net margin of 1.03% and a negative return on equity of 28.97%. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business earned $0.36 EPS. The company’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts anticipate that Ardagh Group will post 1.67 earnings per share for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC acquired a new position in shares of Ardagh Group during the 3rd quarter worth about $1,525,000. Capital World Investors increased its stake in shares of Ardagh Group by 142.9% during the 3rd quarter. Capital World Investors now owns 850,000 shares of the company’s stock worth $14,187,000 after purchasing an additional 500,000 shares during the last quarter. Credit Suisse AG acquired a new position in shares of Ardagh Group during the 3rd quarter worth about $2,572,000. Private Management Group Inc. increased its stake in shares of Ardagh Group by 216.8% during the 4th quarter. Private Management Group Inc. now owns 1,342,603 shares of the company’s stock worth $14,876,000 after purchasing an additional 918,784 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of Ardagh Group by 9.1% during the 3rd quarter. Mackenzie Financial Corp now owns 275,345 shares of the company’s stock worth $4,596,000 after purchasing an additional 23,000 shares during the last quarter. Hedge funds and other institutional investors own 87.11% of the company’s stock.

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.

Featured Story: How to calculate compound interest

Analyst Recommendations for Ardagh Group (NYSE:ARD)

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