Ardagh Group (ARD) Sets New 12-Month Low at $12.30

Ardagh Group SA (NYSE:ARD) hit a new 52-week low on Thursday . The company traded as low as $12.30 and last traded at $12.44, with a volume of 66272 shares trading hands. The stock had previously closed at $12.77.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Ardagh Group from a “hold” rating to a “sell” rating in a research report on Friday, October 26th. Credit Suisse Group reaffirmed a “neutral” rating and set a $15.30 price objective (down previously from $21.00) on shares of Ardagh Group in a research report on Monday, November 12th. Deutsche Bank set a $18.00 price objective on Ardagh Group and gave the company a “buy” rating in a research report on Monday, October 29th. Finally, Barclays dropped their price objective on Ardagh Group from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Monday, October 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Ardagh Group has a consensus rating of “Hold” and a consensus target price of $19.22.

The stock has a market cap of $234.06 million, a price-to-earnings ratio of 6.80 and a beta of 0.91.

Ardagh Group (NYSE:ARD) last issued its quarterly earnings data 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). Ardagh Group had a net margin of 0.94% and a negative return on equity of 30.73%. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.32 billion. On average, equities analysts forecast that Ardagh Group SA will post 1.64 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend was Thursday, November 15th. Ardagh Group’s payout ratio is currently 7.61%.

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in Ardagh Group by 11.3% in the second quarter. BlackRock Inc. now owns 415,230 shares of the company’s stock worth $6,901,000 after acquiring an additional 42,162 shares in the last quarter. Canyon Capital Advisors LLC boosted its holdings in Ardagh Group by 0.4% in the second quarter. Canyon Capital Advisors LLC now owns 2,658,756 shares of the company’s stock worth $44,189,000 after acquiring an additional 9,500 shares in the last quarter. Citadel Advisors LLC boosted its holdings in Ardagh Group by 40.9% in the second quarter. Citadel Advisors LLC now owns 824,516 shares of the company’s stock worth $13,703,000 after acquiring an additional 239,224 shares in the last quarter. Private Management Group Inc. acquired a new stake in Ardagh Group in the second quarter worth about $2,118,000. Finally, Sei Investments Co. boosted its holdings in Ardagh Group by 127.6% in the second quarter. Sei Investments Co. now owns 17,659 shares of the company’s stock worth $294,000 after acquiring an additional 9,900 shares in the last quarter. 89.03% of the stock is owned by institutional investors and hedge funds.

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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.

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