Ball Co. (BLL) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Ball Co. (NYSE:BLL) have received a consensus rating of “Hold” from the fifteen analysts that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $44.73.
Several analysts have commented on the stock. KeyCorp restated a “hold” rating on shares of Ball in a report on Thursday, November 2nd. Zacks Investment Research downgraded shares of Ball from a “hold” rating to a “sell” rating in a report on Monday, October 16th. UBS assumed coverage on shares of Ball in a report on Monday, October 23rd. They set a “buy” rating and a $50.00 target price on the stock. Robert W. Baird restated a “buy” rating and set a $45.00 target price on shares of Ball in a report on Thursday, October 12th. Finally, Royal Bank of Canada assumed coverage on shares of Ball in a report on Monday, October 9th. They set an “outperform” rating and a $46.00 target price on the stock.
In related news, Chairman John A. Hayes sold 5,519 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $40.74, for a total value of $224,844.06. Following the completion of the transaction, the chairman now directly owns 408,451 shares of the company’s stock, valued at $16,640,293.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Lisa Ann Pauley sold 17,090 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $40.79, for a total transaction of $697,101.10. Following the completion of the transaction, the senior vice president now directly owns 108,923 shares of the company’s stock, valued at $4,442,969.17. The disclosure for this sale can be found here. Insiders have sold a total of 33,923 shares of company stock valued at $1,392,977 over the last ninety days. Company insiders own 2.70% of the company’s stock.
Shares of Ball (BLL) opened at $39.40 on Monday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.66 and a current ratio of 1.04. The company has a market cap of $13,790.00, a P/E ratio of 21.13, a price-to-earnings-growth ratio of 3.67 and a beta of 0.97. Ball has a fifty-two week low of $35.65 and a fifty-two week high of $43.24.
Ball (NYSE:BLL) last announced its earnings results on Thursday, November 2nd. The industrial products company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.07). The company had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.91 billion. Ball had a return on equity of 18.31% and a net margin of 2.13%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.48 earnings per share. equities analysts anticipate that Ball will post 1.95 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.02%. Ball’s dividend payout ratio is currently 54.05%.
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Ball 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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