Ardagh Group SA (NYSE:ARD) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $14.76 and last traded at $14.98, with a volume of 1758 shares trading hands. The stock had previously closed at $15.17.
A number of research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Ardagh Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Barclays dropped their price objective on shares of Ardagh Group from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Wednesday, June 27th. Citigroup dropped their price objective on shares of Ardagh Group from $25.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, July 10th. Finally, Royal Bank of Canada set a $22.00 price objective on shares of Ardagh Group and gave the company a “buy” rating in a report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Ardagh Group currently has an average rating of “Hold” and an average price target of $22.00.
The company has a current ratio of 1.45, a quick ratio of 0.91 and a debt-to-equity ratio of -6.41. The firm has a market cap of $288.29 million, a price-to-earnings ratio of 8.09 and a beta of -0.31.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Sei Investments Co. grew its holdings in Ardagh Group by 99.3% during the 1st quarter. Sei Investments Co. now owns 7,759 shares of the company’s stock worth $145,000 after acquiring an additional 3,866 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Ardagh Group by 163,571.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,457 shares of the company’s stock worth $214,000 after acquiring an additional 11,450 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in Ardagh Group during the 2nd quarter worth approximately $198,000. Barclays PLC grew its holdings in Ardagh Group by 90.7% during the 1st quarter. Barclays PLC now owns 21,949 shares of the company’s stock worth $409,000 after acquiring an additional 10,438 shares in the last quarter. Finally, Martingale Asset Management L P acquired a new position in Ardagh Group during the 2nd quarter worth approximately $369,000. Institutional investors own 88.48% of the company’s stock.
About Ardagh Group (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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