11 Best New Company Stocks to Buy in 2017

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  1. Ardagh Group SA (NYSE:ARD)
  2. – Number of Hedge Funds With Long Positions (as of March 31): 19
    – Aggregate Value of Hedge Funds’ Holdings (as of March 31): $181 million

    Ardagh Group SA (NYSE:ARD) ranks ninth on our list after 19 hedge funds grabbed shares of the packaging company during Q1. Joshua Friedman and Mitchell Julis’ Canyon Capital Advisors took the largest position in it, consisting of 1.95 million shares. Analysts are split on the stock, with Deutsche Bank and Citi rating it a ‘Buy’, while JPMorgan and Goldman Sachs initiated it at ‘Neutral’. All four investment firms have price targets on the stock of between $23 and $25, suggesting muted upside potential. Shares of the company are 15.7% above their IPO price.

    nd3000/Shutterstock.com

    nd3000/Shutterstock.com

    Follow Ardagh Group S.a. (NYSE:ARD)

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