Somewhat Positive Media Coverage Somewhat Unlikely to Affect Ball Corporation (BLL) Stock Price
News stories about Ball Corporation (NYSE:BLL) have trended somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ball Corporation earned a news impact score of 0.22 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 46.0217338647218 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Ball Corporation (NYSE:BLL) Experiences Heavier than Usual Trading Volume – Modern Readers (modernreaders.com)
- We asked football players and financial advisers: How realistic is HBO’s ‘Ballers’? (marketwatch.com)
- Ball Corporation (BLL) vs. Bemis (BMS) Critical Survey (americanbankingnews.com)
- Where Does Ball Corporation (BLL) Stock Go From Here? – AllStockNews (allstocknews.com)
- Ball Corporation (NYSE:BLL) Sees Unusual Trading Volume in Its … – Highlight Press (highlightpress.com)
Several equities research analysts have recently commented on BLL shares. Jefferies Group LLC restated a “buy” rating and set a $47.00 price objective on shares of Ball Corporation in a report on Sunday, June 25th. BidaskClub upgraded Ball Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Deutsche Bank AG restated a “buy” rating and issued a $47.00 price objective (up previously from $44.00) on shares of Ball Corporation in a research note on Tuesday, July 18th. Zacks Investment Research downgraded Ball Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Vertical Research downgraded Ball Corporation from a “buy” rating to a “hold” rating and set a $41.50 price objective for the company. in a research note on Friday, May 5th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Ball Corporation has an average rating of “Hold” and a consensus target price of $44.05.
Ball Corporation (BLL) opened at 40.12 on Monday. Ball Corporation has a 12 month low of $35.65 and a 12 month high of $43.06. The stock has a market cap of $14.11 billion, a PE ratio of 56.91 and a beta of 0.95. The stock’s 50 day moving average price is $41.64 and its 200-day moving average price is $39.24.
Ball Corporation (NYSE:BLL) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.02. Ball Corporation had a return on equity of 17.63% and a net margin of 1.70%. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the firm earned $1.05 EPS. The business’s revenue was up 40.6% on a year-over-year basis. Analysts anticipate that Ball Corporation will post $2.03 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, August 30th. Ball Corporation’s payout ratio is currently 78.43%.
In related news, Director R David Hoover sold 8,000 shares of Ball Corporation stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $40.02, for a total value of $320,160.00. Following the completion of the sale, the director now owns 175,260 shares of the company’s stock, valued at $7,013,905.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Daniel William Fisher sold 1,750 shares of Ball Corporation stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $41.77, for a total value of $73,097.50. Following the completion of the sale, the chief operating officer now directly owns 11,594 shares of the company’s stock, valued at approximately $484,281.38. The disclosure for this sale can be found here. Insiders sold 98,903 shares of company stock valued at $4,097,730 in the last ninety days. 2.70% of the stock is currently owned by corporate insiders.
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Ball Corporation Company Profile
Ball Corporation 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. Its segments include beverage packaging, North and Central America; beverage packaging, South America; beverage packaging, Europe; food and aerosol packaging; aerospace, and other.
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