Royal Bank Of Canada Analysts Give Ardagh Group S.A. (ARD) a $25.00 Price Target
ARD has been the subject of a number of other reports. Zacks Investment Research upgraded Ardagh Group from a hold rating to a buy rating and set a $24.00 target price for the company in a report on Thursday, October 19th. BMO Capital Markets reaffirmed a hold rating and set a $26.00 price target on shares of Ardagh Group in a report on Wednesday, October 18th. Finally, Barclays PLC reaffirmed a hold rating and set a $23.00 price target on shares of Ardagh Group in a report on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $24.35.
Ardagh Group (NYSE:ARD) last released its earnings results on Thursday, October 26th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.07. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2 billion. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the business posted $0.52 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Wednesday, November 15th.
A number of hedge funds and other institutional investors have recently made changes to their positions in ARD. SG Americas Securities LLC purchased a new stake in Ardagh Group during the 1st quarter worth about $239,000. FMR LLC purchased a new stake in Ardagh Group during the 1st quarter worth about $6,452,000. UBS Group AG purchased a new stake in Ardagh Group during the 1st quarter worth about $2,913,000. Bank of America Corp DE acquired a new stake in shares of Ardagh Group during the first quarter worth about $1,090,000. Finally, Janus Capital Management LLC acquired a new stake in shares of Ardagh Group during the first quarter worth about $3,653,000. 99.08% of the stock is owned by institutional investors.
Ardagh Group Company Profile
Ardagh Group SA, formerly Ardagh Finance Holdings SA, is a Luxembourg-based company engaged in the packing industry. The Company focuses on the design and manufacture of rigid packaging solutions mainly for food and beverage markets. Its activities are divided into two business segments: Metal packing, which supplies aluminum and steel beverage cans, two-piece aluminum, two-piece tinplate and three-piece tinplate food and specialty cans, as well as a range of can ends, among others, and Glass packing, which delivers glass containers, bottles and jars, among others.
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