Positive Media Coverage Somewhat Unlikely to Impact Ardagh Group (ARD) Stock Price
Press coverage about Ardagh Group (NYSE:ARD) has trended positive this week, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ardagh Group earned a daily sentiment score of 0.38 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.0418917063309 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Wine Packaging Market 2018 Leading Players Amcor Limited, Ardagh Group, Ball Corporation, Avery Dennison Co. and More (digitaljournal.com)
- Ireland’s Ardagh Group Posts Revenue Growth Of 5% In Q1 (esmmagazine.com)
- Ardagh sales up 13pc as Euro markets rise (independent.ie)
- Ardagh Group’s (ARD) CEO Paul Coulson on Q1 2018 Results – Earnings Call Transcript (seekingalpha.com)
- Edited Transcript of ARD.N earnings conference call or presentation 26-Apr-18 2:00pm GMT (finance.yahoo.com)
ARD has been the topic of several recent analyst reports. ValuEngine cut shares of Ardagh Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded shares of Ardagh Group from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Friday, February 2nd. Wells Fargo cut shares of Ardagh Group from an “outperform” rating to a “market perform” rating in a research report on Friday, February 23rd. Barclays reiterated an “equal weight” rating and set a $21.00 price objective (down previously from $23.00) on shares of Ardagh Group in a research report on Thursday, March 1st. Finally, Citigroup reduced their price objective on shares of Ardagh Group from $26.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, April 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Ardagh Group presently has a consensus rating of “Hold” and a consensus target price of $23.80.
Ardagh Group (NYSE:ARD) last posted its earnings results on Thursday, April 26th. The company reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33. Ardagh Group had a net margin of 1.30% and a negative return on equity of 33.07%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the firm posted $0.31 earnings per share. Ardagh Group’s revenue for the quarter was up 13.5% compared to the same quarter last year. analysts anticipate that Ardagh Group will post 1.96 earnings per share for the current fiscal year.
About Ardagh Group
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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