Ardagh Group (NYSE:ARD) had its price target upped by Citigroup from $16.00 to $22.00 in a research note published on Thursday, BenzingaRatingsTable reports. They currently have a buy rating on the stock.

Several other research analysts have also weighed in on the stock. ValuEngine lowered shares of Welbilt from a hold rating to a sell rating in a research note on Wednesday, June 12th. Zacks Investment Research lowered shares of First Merchants from a hold rating to a sell rating in a research note on Monday, July 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Ardagh Group currently has a consensus rating of Hold and a consensus price target of $18.38.

Ardagh Group stock opened at $18.90 on Thursday. The firm has a market cap of $352.21 million, a price-to-earnings ratio of 11.18, a PEG ratio of 1.61 and a beta of 1.24. The business’s 50-day moving average price is $16.04. Ardagh Group has a fifty-two week low of $10.09 and a fifty-two week high of $20.00.

Ardagh Group (NYSE:ARD) last released its quarterly earnings data on Friday, April 26th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $1.92 billion. Ardagh Group had a negative net margin of 0.73% and a negative return on equity of 28.61%. Ardagh Group’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. As a group, equities research analysts predict that Ardagh Group will post 1.68 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Gabelli Funds LLC acquired a new position in Ardagh Group in the 1st quarter valued at about $131,000. Legal & General Group Plc grew its stake in Ardagh Group by 4,174.0% in the 4th quarter. Legal & General Group Plc now owns 10,856 shares of the company’s stock valued at $120,000 after buying an additional 10,602 shares during the last quarter. Barings LLC acquired a new position in Ardagh Group in the 1st quarter valued at about $228,000. Two Sigma Investments LP acquired a new position in Ardagh Group in the 4th quarter valued at about $208,000. Finally, BB&T Corp grew its stake in Ardagh Group by 9.7% in the 1st quarter. BB&T Corp now owns 21,150 shares of the company’s stock valued at $275,000 after buying an additional 1,870 shares during the last quarter. Institutional investors and hedge funds own 86.41% of the company’s stock.

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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Analyst Recommendations for Ardagh Group (NYSE:ARD)

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