Ardagh Group S.A. (NYSE:ARD) has been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $25.17.
Separately, BMO Capital Markets downgraded Ardagh Group from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $29.00 to $26.00 in a research note on Wednesday, May 26th.
Shares of ARD stock traded down $0.34 during mid-day trading on Thursday, reaching $23.47. The stock had a trading volume of 598 shares, compared to its average volume of 86,817. The business has a fifty day moving average of $24.84. The company has a market cap of $437.95 million, a price-to-earnings ratio of -125.32 and a beta of 1.21. Ardagh Group has a 1-year low of $13.20 and a 1-year high of $28.33.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 16th. Stockholders of record on Wednesday, June 2nd were given a $0.15 dividend. The ex-dividend date was Tuesday, June 1st. This represents a $0.60 annualized dividend and a dividend yield of 2.56%.
Several large investors have recently bought and sold shares of ARD. Harvest Fund Management Co. Ltd acquired a new stake in shares of Ardagh Group in the first quarter valued at approximately $49,000. Panagora Asset Management Inc. acquired a new stake in Ardagh Group during the first quarter worth $110,000. UBS Asset Management Americas Inc. acquired a new stake in Ardagh Group during the fourth quarter worth $182,000. Cubist Systematic Strategies LLC acquired a new stake in Ardagh Group during the first quarter worth $214,000. Finally, Dimensional Fund Advisors LP acquired a new stake in Ardagh Group during the first quarter worth $229,000. 86.49% of the stock is owned by hedge funds and other institutional investors.
About Ardagh Group
Ardagh Group SA, together with its subsidiaries, manufactures and supplies rigid packaging solutions primarily for the food and beverage markets worldwide. The company operates through four segments: Metal Beverage Packaging Europe, Metal Beverage Packaging Americas, Glass Packaging Europe, and Glass Packaging North America.
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