Brokerages Set Ardagh Group SA (NYSE:ARD) PT at $21.50

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Ardagh Group SA (NYSE:ARD) has been given a consensus rating of “Hold” by the six analysts that are presently covering the stock, reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $21.20.

A number of research firms recently commented on ARD. Zacks Investment Research upgraded Ardagh Group from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Wednesday. Royal Bank of Canada raised their target price on Ardagh Group from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, February 21st. Barclays initiated coverage on Ardagh Group in a research report on Thursday, January 16th. They set an “equal weight” rating and a $22.00 target price for the company. Finally, JPMorgan Chase & Co. upped their price target on Ardagh Group from $18.00 to $19.00 and gave the company an “underweight” rating in a research note on Wednesday, December 18th.

A number of hedge funds have recently bought and sold shares of ARD. FMR LLC lifted its holdings in shares of Ardagh Group by 33.4% during the 4th quarter. FMR LLC now owns 1,675,321 shares of the company’s stock valued at $32,803,000 after purchasing an additional 419,788 shares in the last quarter. Schroder Investment Management Group raised its holdings in Ardagh Group by 0.4% during the 4th quarter. Schroder Investment Management Group now owns 1,053,070 shares of the company’s stock worth $20,619,000 after buying an additional 4,334 shares during the period. Renaissance Technologies LLC raised its holdings in Ardagh Group by 18.5% during the 4th quarter. Renaissance Technologies LLC now owns 942,193 shares of the company’s stock worth $18,448,000 after buying an additional 147,103 shares during the period. Janus Henderson Group PLC raised its holdings in Ardagh Group by 303.0% during the 4th quarter. Janus Henderson Group PLC now owns 227,163 shares of the company’s stock worth $4,448,000 after buying an additional 170,790 shares during the period. Finally, Morgan Stanley lifted its stake in Ardagh Group by 265.0% in the second quarter. Morgan Stanley now owns 175,233 shares of the company’s stock valued at $3,067,000 after buying an additional 127,223 shares in the last quarter. Hedge funds and other institutional investors own 87.33% of the company’s stock.

ARD stock traded up $0.19 during midday trading on Friday, reaching $18.46. The company had a trading volume of 99,207 shares, compared to its average volume of 93,998. The company has a 50 day moving average of $20.11 and a two-hundred day moving average of $18.48. The company has a market capitalization of $344.21 million, a P/E ratio of 2.99 and a beta of 1.24. Ardagh Group has a 1 year low of $12.69 and a 1 year high of $21.54.

Ardagh Group (NYSE:ARD) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.11. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.59 billion. Ardagh Group had a net margin of 17.26% and a negative return on equity of 34.53%. Ardagh Group’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.33 earnings per share. As a group, equities research analysts predict that Ardagh Group will post 1.54 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend is Tuesday, March 17th.

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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