Media stories about Ardagh Group (NYSE:ARD) have been trending positive on Thursday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ardagh Group earned a media sentiment score of 0.41 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.4985763646795 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Ardagh Group (ARD) Price Target Cut to $25.00 (americanbankingnews.com)
- Ardagh Group (ARD) Downgraded to Sell at Zacks Investment Research (americanbankingnews.com)
- Ardagh Group S.A. (ARD) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Ardagh Earns Three Euro Cantech Awards (worldpressonline.com)
A number of equities analysts have weighed in on the stock. Wells Fargo downgraded shares of Ardagh Group from an “outperform” rating to a “market perform” rating in a research note on Friday, February 23rd. Zacks Investment Research upgraded shares of Ardagh Group from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Friday, February 2nd. Barclays reiterated an “equal weight” rating and set a $21.00 price target (down previously from $23.00) on shares of Ardagh Group in a report on Thursday, March 1st. ValuEngine cut shares of Ardagh Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Citigroup cut their price target on shares of Ardagh Group from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $23.95.
Ardagh Group (NYSE:ARD) last issued its earnings results on Thursday, February 22nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.04. Ardagh Group had a net margin of 0.78% and a negative return on equity of 31.99%. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter last year, the company posted $0.32 earnings per share. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. equities analysts predict that Ardagh Group will post 1.97 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Tuesday, February 27th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.95%. The ex-dividend date was Monday, February 26th. Ardagh Group’s dividend payout ratio is currently 30.43%.
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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