Ardagh Group S.A. (ARD) Now Covered by Analysts at Royal Bank Of Canada

Royal Bank Of Canada initiated coverage on shares of Ardagh Group S.A. (NYSE:ARD) in a report issued on Monday. The brokerage set an “outperform” rating on the stock.

ARD has been the topic of several other reports. Zacks Investment Research downgraded shares of Ardagh Group from a “buy” rating to a “hold” rating in a report on Thursday, September 21st. Barclays PLC reaffirmed a “hold” rating and set a $23.00 price objective on shares of Ardagh Group in a report on Wednesday, August 2nd. Finally, BMO Capital Markets began coverage on shares of Ardagh Group in a report on Monday, June 19th. They set a “market perform” rating and a $26.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $24.17.

Ardagh Group (NYSE:ARD) traded down 0.28% on Monday, hitting $21.13. 17,467 shares of the company were exchanged. The company’s market capitalization is $4.99 billion. The firm’s 50 day moving average is $20.83 and its 200 day moving average is $21.48. Ardagh Group has a 52 week low of $19.88 and a 52 week high of $24.54.

Ardagh Group (NYSE:ARD) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.24. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Ardagh Group’s revenue was up 57.8% compared to the same quarter last year. On average, equities research analysts forecast that Ardagh Group will post $1.74 earnings per share for the current fiscal year.

WARNING: This story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/09/ardagh-group-s-a-ard-now-covered-by-analysts-at-royal-bank-of-canada.html.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Canyon Capital Advisors LLC lifted its holdings in Ardagh Group by 29.1% during the second quarter. Canyon Capital Advisors LLC now owns 2,515,101 shares of the company’s stock valued at $56,866,000 after purchasing an additional 566,401 shares in the last quarter. Clearbridge Investments LLC purchased a new position in Ardagh Group during the first quarter valued at $40,593,000. Brahman Capital Corp. purchased a new position in Ardagh Group during the first quarter valued at $29,409,000. Citadel Advisors LLC purchased a new position in Ardagh Group during the first quarter valued at $24,515,000. Finally, Capital Research Global Investors lifted its holdings in Ardagh Group by 1.8% during the second quarter. Capital Research Global Investors now owns 1,018,438 shares of the company’s stock valued at $23,027,000 after purchasing an additional 18,438 shares in the last quarter. 99.93% of the stock is currently owned by institutional investors and hedge funds.

Ardagh Group Company Profile

Ardagh Group SA, formerly Ardagh Finance Holdings SA, is a Luxembourg-based company engaged in the packing industry. The Company focuses on the design and manufactu

ARD has been the topic of several other reports. Zacks Investment Research downgraded shares of Ardagh Group from a “buy” rating to a “hold” rating in a report on Thursday, September 21st. Barclays PLC reaffirmed a “hold” rating and set a $23.00 price objective on shares of Ardagh Group in a report on Wednesday, August 2nd. Finally, BMO Capital Markets began coverage on shares of Ardagh Group in a report on Monday, June 19th. They set a “market perform” rating and a $26.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $24.17.

Ardagh Group (NYSE:ARD) traded down 0.28% on Monday, hitting $21.13. 17,467 shares of the company were exchanged. The company’s market capitalization is $4.99 billion. The firm’s 50 day moving average is $20.83 and its 200 day moving average is $21.48. Ardagh Group has a 52 week low of $19.88 and a 52 week high of $24.54.

Ardagh Group (NYSE:ARD) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.24. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Ardagh Group’s revenue was up 57.8% compared to the same quarter last year. On average, equities research analysts forecast that Ardagh Group will post $1.74 earnings per share for the current fiscal year.

WARNING: This story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another site, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/09/ardagh-group-s-a-ard-now-covered-by-analysts-at-royal-bank-of-canada.html.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Canyon Capital Advisors LLC lifted its holdings in Ardagh Group by 29.1% during the second quarter. Canyon Capital Advisors LLC now owns 2,515,101 shares of the company’s stock valued at $56,866,000 after purchasing an additional 566,401 shares in the last quarter. Clearbridge Investments LLC purchased a new position in Ardagh Group during the first quarter valued at $40,593,000. Brahman Capital Corp. purchased a new position in Ardagh Group during the first quarter valued at $29,409,000. Citadel Advisors LLC purchased a new position in Ardagh Group during the first quarter valued at $24,515,000. Finally, Capital Research Global Investors lifted its holdings in Ardagh Group by 1.8% during the second quarter. Capital Research Global Investors now owns 1,018,438 shares of the company’s stock valued at $23,027,000 after purchasing an additional 18,438 shares in the last quarter. 99.93% of the stock is currently owned by institutional investors and hedge funds.

Ardagh Group Company Profile

Ardagh Group SA, formerly Ardagh Finance Holdings SA, is a Luxembourg-based company engaged in the packing industry. The Company focuses on the design and manufacture of rigid packaging solutions mainly for food and beverage markets. Its activities are divided into two business segments: Metal packing, which supplies aluminum and steel beverage cans, two-piece aluminum, two-piece tinplate and three-piece tinplate food and specialty cans, as well as a range of can ends, among others, and Glass packing, which delivers glass containers, bottles and jars, among others.

Analyst Recommendations for Ardagh Group (NYSE:ARD)

Receive News & Ratings for Ardagh Group S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ardagh Group S.A. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply