Ardagh Group (ARD) Getting Favorable News Coverage, Analysis Shows
Media coverage about Ardagh Group (NYSE:ARD) has been trending positive on Wednesday, Accern Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog 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 news sentiment score of 0.30 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.6225736412836 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Ardagh to redeem $440m of senior notes in deleveraging bid (independent.ie)
- Ardagh Group (ARD) PT Lowered to $22.00 at Citigroup (americanbankingnews.com)
- Ardagh Group announces redemption of $440M 6.000% senior notes due 2021 (seekingalpha.com)
- Ardagh to repay $440m of borrowings early (irishtimes.com)
- Ardagh Group Announces Redemption of $440 million 6.000% Senior Notes Due 2021 (finance.yahoo.com)
Ardagh Group traded up $0.11, reaching $17.12, during mid-day trading on Wednesday, Marketbeat Ratings reports. 69,614 shares of the company’s stock were exchanged, compared to its average volume of 95,386. The company has a market capitalization of $310.09 million, a P/E ratio of 9.30 and a beta of -0.25. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of -5.79. Ardagh Group has a 12-month low of $15.98 and a 12-month high of $23.72.
Several analysts recently commented on ARD shares. Zacks Investment Research lowered Ardagh Group from a “buy” rating to a “sell” rating in a report on Tuesday, April 3rd. Citigroup dropped their target price on Ardagh Group from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, April 5th. ValuEngine lowered Ardagh Group from a “hold” rating to a “sell” rating in a report on Thursday, April 12th. Finally, Barclays dropped their target price on Ardagh Group from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $23.00.
Ardagh Group Company Profile
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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