Ardagh Group SA (ARD) Receives Consensus Recommendation of “Hold” from Analysts
Ardagh Group SA (NYSE:ARD) has been given an average recommendation of “Hold” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $19.50.
A number of brokerages have recently commented on ARD. Barclays lowered their price objective on Ardagh Group from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Monday, October 29th. Deutsche Bank set a $18.00 price objective on Ardagh Group and gave the stock a “buy” rating in a research report on Monday, October 29th. Zacks Investment Research downgraded Ardagh Group from a “hold” rating to a “sell” rating in a research report on Friday, October 26th. Finally, Royal Bank of Canada set a $22.00 price objective on Ardagh Group and gave the stock a “buy” rating in a research report on Friday, July 27th.
Several institutional investors have recently added to or reduced their stakes in ARD. Citadel Advisors LLC raised its stake 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 worth $13,703,000 after purchasing an additional 239,224 shares during the last quarter. Private Management Group Inc. purchased a new stake in shares of Ardagh Group during the second quarter worth approximately $2,118,000. BlackRock Inc. raised its stake in shares of Ardagh Group by 16.0% during the first quarter. BlackRock Inc. now owns 373,068 shares of the company’s stock worth $6,969,000 after purchasing an additional 51,489 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Ardagh Group during the first quarter worth approximately $878,000. Finally, Millennium Management LLC raised its stake in shares of Ardagh Group by 29.0% during the first quarter. Millennium Management LLC now owns 171,799 shares of the company’s stock worth $3,209,000 after purchasing an additional 38,670 shares during the last quarter. Institutional investors and hedge funds own 88.30% of the company’s stock.
Ardagh Group (NYSE:ARD) last announced its quarterly earnings data on Thursday, October 25th. The company reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). Ardagh Group had a negative return on equity of 30.73% and a net margin of 0.94%. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.32 billion. As a group, sell-side analysts anticipate that Ardagh Group will post 1.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Thursday, November 15th. Ardagh Group’s dividend payout ratio (DPR) is presently 15.22%.
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.
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