Somewhat Positive Media Coverage Somewhat Unlikely to Affect Ardagh Group (ARD) Stock Price

News headlines about Ardagh Group (NYSE:ARD) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ardagh Group earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.5167669438209 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Several brokerages recently issued reports on ARD. Zacks Investment Research raised shares of Ardagh Group from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Thursday, October 19th. Royal Bank of Canada set a $25.00 target price on shares of Ardagh Group and gave the stock a “buy” rating in a research note on Monday, October 30th. Finally, BMO Capital Markets reissued a “hold” rating and set a $26.00 target price on shares of Ardagh Group in a research note on Wednesday, October 18th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $24.35.

Ardagh Group (NYSE ARD) opened at $20.33 on Friday. Ardagh Group has a 12 month low of $19.55 and a 12 month high of $24.54.

Ardagh Group (NYSE:ARD) last released its quarterly earnings data on Thursday, October 26th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the business posted $0.52 earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. sell-side analysts forecast that Ardagh Group will post 0.95 earnings per share for the current fiscal year.

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About Ardagh Group

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.

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