Ardagh Group (ARD) Hits New 52-Week Low at $12.90

Ardagh Group SA (NYSE:ARD)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $12.90 and last traded at $13.10, with a volume of 2042 shares traded. The stock had previously closed at $13.69.

ARD has been the topic of a number of research reports. Zacks Investment Research cut Ardagh Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. Royal Bank of Canada set a $22.00 price target on Ardagh Group and gave the stock a “buy” rating in a report on Friday, July 27th. Barclays lowered their price target on Ardagh Group from $20.00 to $18.00 and set an “equal weight” rating on the stock in a report on Monday, July 30th. Deutsche Bank set a $18.00 price target on Ardagh Group and gave the stock a “buy” rating in a report on Monday, October 29th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $15.30 price target (down previously from $21.00) on shares of Ardagh Group in a report on Monday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Ardagh Group presently has an average rating of “Hold” and an average price target of $19.22.

The firm has a market capitalization of $238.35 million, a price-to-earnings ratio of 7.08 and a beta of 0.92.

Ardagh Group (NYSE:ARD) last released its quarterly earnings results on Thursday, October 25th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.32 billion. Ardagh Group had a negative return on equity of 30.73% and a net margin of 0.94%. As a group, analysts forecast that Ardagh Group SA will post 1.64 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Thursday, November 15th. Ardagh Group’s dividend payout ratio is currently 15.22%.

A number of large investors have recently made changes to their positions in the business. Renaissance Technologies LLC acquired a new stake in Ardagh Group during the 3rd quarter valued at $1,525,000. Credit Suisse AG acquired a new stake in shares of Ardagh Group during the third quarter worth $2,572,000. Northern Trust Corp boosted its holdings in shares of Ardagh Group by 20.9% during the second quarter. Northern Trust Corp now owns 44,311 shares of the company’s stock worth $737,000 after purchasing an additional 7,675 shares during the last quarter. Canyon Capital Advisors LLC boosted its holdings in shares of Ardagh Group by 0.4% during the second quarter. Canyon Capital Advisors LLC now owns 2,658,756 shares of the company’s stock worth $44,189,000 after purchasing an additional 9,500 shares during the last quarter. Finally, Private Management Group Inc. acquired a new stake in shares of Ardagh Group during the second quarter worth $2,118,000. Hedge funds and other institutional investors own 87.83% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Ardagh Group (ARD) Hits New 52-Week Low at $12.90” was originally reported by WKRB News and is owned by of WKRB News. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.wkrb13.com/2018/11/14/ardagh-group-ard-hits-new-52-week-low-at-12-90.html.

Ardagh Group Company Profile (NYSE:ARD)

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.

Further Reading: Discount Rate

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.

Leave a Reply