Ball Corp. (NYSE:BLL) Receives $83.17 Consensus PT from Analysts
Shares of Ball Corp. (NYSE:BLL) have been assigned a consensus rating of “Buy” from the twelve ratings firms that are currently covering the stock. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $84.83.
A number of analysts have recently commented on BLL shares. JPMorgan Chase & Co. boosted their target price on shares of Ball Corp. from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, August 5th. Vertical Research cut shares of Ball Corp. from a “buy” rating to a “hold” rating in a research note on Friday, August 5th. Bank of America Corp. reissued a “buy” rating and set a $80.00 target price on shares of Ball Corp. in a research note on Thursday, July 7th. Jefferies Group reissued a “buy” rating and set a $86.00 target price on shares of Ball Corp. in a research note on Tuesday, July 5th. Finally, Barclays PLC started coverage on shares of Ball Corp. in a research note on Thursday, July 14th. They set an “equal weight” rating and a $75.00 target price for the company.
In other news, Chairman John A. Hayes bought 2,400 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were bought at an average cost of $79.31 per share, for a total transaction of $190,344.00. Following the acquisition, the chairman now directly owns 178,620 shares of the company’s stock, valued at approximately $14,166,352.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel J. Heinrich bought 3,000 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was purchased at an average price of $80.73 per share, for a total transaction of $242,190.00. Following the completion of the acquisition, the director now directly owns 3,000 shares in the company, valued at $242,190. The disclosure for this purchase can be found here. 3.50% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Carnick & Kubik Group LLC purchased a new position in Ball Corp. during the second quarter valued at $1,157,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Ball Corp. during the second quarter valued at $414,000. Kentucky Retirement Systems purchased a new position in Ball Corp. during the second quarter valued at $872,000. Northwestern Mutual Investment Management Company LLC raised its position in Ball Corp. by 22.1% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 6,607 shares of the company’s stock valued at $478,000 after buying an additional 1,197 shares during the last quarter. Finally, Mason Street Advisors LLC purchased a new position in Ball Corp. during the second quarter valued at $1,694,000. Institutional investors own 77.68% of the company’s stock.
Shares of Ball Corp. (NYSE:BLL) opened at 81.95 on Wednesday. Ball Corp. has a 52 week low of $62.30 and a 52 week high of $82.24. The firm has a 50-day moving average price of $79.57 and a 200-day moving average price of $74.07. The stock has a market cap of $14.28 billion, a price-to-earnings ratio of 37.76 and a beta of 1.11.
Ball Corp. (NYSE:BLL) last released its quarterly earnings data on Thursday, August 4th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.06. Ball Corp. had a net margin of 4.45% and a return on equity of 27.28%. The company earned $2.03 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter in the previous year, the company earned $0.89 earnings per share. The firm’s revenue for the quarter was down 6.5% on a year-over-year basis. On average, equities analysts anticipate that Ball Corp. will post $3.44 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $0.52 annualized dividend and a yield of 0.63%. Ball Corp.’s payout ratio is 22.13%.
About Ball Corp.
Ball Corporation (Ball) is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. The Company operates in four segments: metal beverage packaging, Americas and Asia; metal beverage packaging, Europe; metal food and household products packaging, and aerospace and technologies.
Receive News & Stock Ratings for Ball Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball Corp. and related stocks with our FREE daily email newsletter.