Ardagh Group (NYSE:ARD) Upgraded to Sell at ValuEngine

Ardagh Group (NYSE:ARD) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Wednesday, ValuEngine reports.

Separately, Zacks Investment Research lowered shares of Ardagh Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 26th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Ardagh Group presently has an average rating of “Hold” and a consensus target price of $16.86.

NYSE ARD traded up $0.25 during mid-day trading on Wednesday, reaching $15.48. The stock had a trading volume of 50,900 shares, compared to its average volume of 97,237. Ardagh Group has a 1 year low of $10.09 and a 1 year high of $17.38. The firm has a market cap of $280.44 million, a P/E ratio of 9.16, a PEG ratio of 1.28 and a beta of 0.97.

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

A number of institutional investors and hedge funds have recently made changes to their positions in ARD. Private Management Group Inc. grew its position in shares of Ardagh Group by 216.8% in the 4th quarter. Private Management Group Inc. now owns 1,342,603 shares of the company’s stock valued at $14,876,000 after buying an additional 918,784 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Ardagh Group by 50.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 16,933 shares of the company’s stock valued at $187,000 after buying an additional 5,679 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Ardagh Group by 11.8% during the 4th quarter. Bank of New York Mellon Corp now owns 37,113 shares of the company’s stock valued at $410,000 after purchasing an additional 3,915 shares in the last quarter. Northern Trust Corp boosted its position in shares of Ardagh Group by 6.3% during the 4th quarter. Northern Trust Corp now owns 233,652 shares of the company’s stock valued at $2,589,000 after purchasing an additional 13,852 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Ardagh Group by 17.6% during the 4th quarter. Geode Capital Management LLC now owns 53,028 shares of the company’s stock valued at $587,000 after purchasing an additional 7,935 shares in 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.

Featured Article: Sell-Side Analysts

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Ardagh Group (NYSE:ARD)

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