ValuEngine upgraded shares of Ardagh Group (NYSE:ARD) from a strong sell rating to a sell rating in a research note published on Friday, ValuEngine reports.

Several other equities research analysts have also recently commented on ARD. Zacks Investment Research cut Ardagh Group from a hold rating to a sell rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. cut their target price on Ardagh Group from $19.00 to $15.00 and set an underweight rating on the stock in a research note on Wednesday, April 15th. Barclays cut their target price on Ardagh Group from $22.00 to $15.00 and set an equal weight rating on the stock in a research note on Friday, April 24th. Wells Fargo & Co cut their target price on Ardagh Group from $13.00 to $12.00 and set an underweight rating on the stock in a research note on Tuesday, May 19th. Finally, Deutsche Bank cut their target price on Ardagh Group from $22.00 to $17.00 and set a buy rating on the stock in a research note on Thursday, April 16th. Four analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $16.00.

NYSE:ARD opened at $13.24 on Friday. Ardagh Group has a fifty-two week low of $9.20 and a fifty-two week high of $21.54. The stock has a market capitalization of $247.06 million, a PE ratio of 2.05 and a beta of 1.29. The business’s 50-day simple moving average is $13.00 and its 200-day simple moving average is $15.14.

Ardagh Group (NYSE:ARD) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.31 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. The business had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Ardagh Group had a negative return on equity of 47.16% and a net margin of 19.47%. Equities analysts anticipate that Ardagh Group will post 1.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were given a dividend of $0.15 per share. This is a positive change from Ardagh Group’s previous quarterly dividend of $0.14. The ex-dividend date was Tuesday, June 2nd. This represents a $0.60 annualized dividend and a dividend yield of 4.53%.

Several large investors have recently bought and sold shares of the business. Rhumbline Advisers increased its position in shares of Ardagh Group by 12.4% during the 1st quarter. Rhumbline Advisers now owns 14,335 shares of the company’s stock worth $170,000 after purchasing an additional 1,586 shares during the last quarter. Citigroup Inc. increased its position in shares of Ardagh Group by 52.2% during the 4th quarter. Citigroup Inc. now owns 4,692 shares of the company’s stock worth $92,000 after purchasing an additional 1,610 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Ardagh Group by 4.8% during the 4th quarter. Bank of New York Mellon Corp now owns 37,826 shares of the company’s stock worth $740,000 after purchasing an additional 1,722 shares during the last quarter. Advisor Group Holdings Inc. acquired a new position in shares of Ardagh Group during the 1st quarter worth approximately $41,000. Finally, Stephenson National Bank & Trust acquired a new position in shares of Ardagh Group during the 4th quarter worth approximately $74,000. 86.88% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Ardagh Group (NYSE:ARD)

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