Ardagh Group (ARD) Reaches New 52-Week Low at $14.76

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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.

Ardagh Group (NYSE:ARD) last announced its quarterly earnings data on Thursday, July 26th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.01 billion. Ardagh Group had a net margin of 1.56% and a negative return on equity of 31.32%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. As a group, research analysts forecast that Ardagh Group SA will post 1.72 earnings per share for the current fiscal year.

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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