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

Headlines about Ardagh Group (NYSE:ARD) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ardagh Group earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.7298588718399 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of Ardagh Group (ARD) traded up $0.04 during midday trading on Friday, hitting $21.00. The stock had a trading volume of 77,998 shares, compared to its average volume of 69,903. Ardagh Group has a one year low of $19.55 and a one year high of $24.54. The company has a market cap of $4,990.00 and a P/E ratio of 210.00.

Ardagh Group (NYSE:ARD) last issued its earnings results on Thursday, October 26th. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.07. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. sell-side analysts forecast that Ardagh Group will post 0.95 EPS for the current fiscal year.

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

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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.

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