Ball Corporation (BLL) Given Consensus Rating of “Hold” by Analysts
Shares of Ball Corporation (NYSE:BLL) have been assigned an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $43.61.
Several equities analysts have issued reports on BLL shares. Zacks Investment Research upgraded shares of Ball Corporation from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Tuesday, July 4th. BidaskClub upgraded shares of Ball Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Jefferies Group LLC reiterated a “buy” rating and issued a $47.00 price objective on shares of Ball Corporation in a research note on Sunday, June 25th. Deutsche Bank AG reiterated 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. Finally, Barclays PLC increased their price objective on shares of Ball Corporation from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th.
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Shares of Ball Corporation (BLL) opened at 40.28 on Friday. Ball Corporation has a 12 month low of $35.65 and a 12 month high of $43.06. The firm has a 50-day moving average of $40.63 and a 200 day moving average of $39.51. The company has a market cap of $14.17 billion, a price-to-earnings ratio of 57.13 and a beta of 0.96.
Ball Corporation (NYSE:BLL) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. Ball Corporation had a net margin of 1.70% and a return on equity of 17.63%. Ball Corporation’s revenue was up 40.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.05 EPS. On average, analysts expect that Ball Corporation will post $2.03 earnings per share for the current year.
The company also recently announced 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 yield of 0.99%. The ex-dividend date of this dividend is Wednesday, August 30th. Ball Corporation’s dividend payout ratio is 78.43%.
In related news, SVP Lisa Ann Pauley sold 20,960 shares of the stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $41.48, for a total value of $869,420.80. Following the completion of the sale, the senior vice president now directly owns 108,887 shares of the company’s stock, valued at approximately $4,516,632.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman John A. Hayes sold 5,545 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $39.73, for a total transaction of $220,302.85. Following the completion of the sale, the chairman now directly owns 412,834 shares of the company’s stock, valued at $16,401,894.82. The disclosure for this sale can be found here. Insiders sold a total of 130,067 shares of company stock valued at $5,301,131 over the last three months. 2.70% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Ball Corporation by 100.0% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,450 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 1,225 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Ball Corporation by 5,297.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,483 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 2,437 shares in the last quarter. American Research & Management Co. increased its holdings in Ball Corporation by 100.0% in the 2nd quarter. American Research & Management Co. now owns 2,800 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 1,400 shares in the last quarter. Korea Investment CORP increased its holdings in Ball Corporation by 385.5% in the 2nd quarter. Korea Investment CORP now owns 3,083 shares of the industrial products company’s stock worth $130,000 after acquiring an additional 2,448 shares in the last quarter. Finally, Ledyard National Bank increased its holdings in Ball Corporation by 520.0% in the 2nd quarter. Ledyard National Bank now owns 3,100 shares of the industrial products company’s stock worth $131,000 after acquiring an additional 2,600 shares in the last quarter. 86.36% of the stock is owned by institutional investors.
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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