Shares of Ball Co. (NYSE:BLL) have been given a consensus rating of “Buy” by the fifteen research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $48.45.

A number of research firms have issued reports on BLL. TheStreet upgraded Ball from a “c+” rating to a “b-” rating in a report on Wednesday, August 1st. Citigroup lowered their target price on Ball from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, July 10th. Royal Bank of Canada reiterated a “buy” rating and set a $47.00 target price on shares of Ball in a report on Monday, August 6th. Deutsche Bank set a $51.00 target price on Ball and gave the stock a “buy” rating in a report on Thursday, October 4th. Finally, Bank of America increased their target price on Ball from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, September 24th.

Shares of BLL stock traded up $0.30 during trading hours on Friday, reaching $46.40. The company had a trading volume of 162,182 shares, compared to its average volume of 2,937,372. The company has a quick ratio of 0.92, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. The company has a market cap of $15.13 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 3.56 and a beta of 0.89. Ball has a 1-year low of $34.71 and a 1-year high of $46.69.

Ball (NYSE:BLL) last released its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $0.58 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.58. Ball had a net margin of 4.12% and a return on equity of 19.93%. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts anticipate that Ball will post 2.24 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Friday, August 31st. Ball’s payout ratio is 19.61%.

In related news, VP Scott C. Morrison sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $44.40, for a total transaction of $1,110,000.00. Following the completion of the sale, the vice president now owns 30,392 shares in the company, valued at $1,349,404.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman John A. Hayes sold 96,667 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $43.00, for a total value of $4,156,681.00. Following the sale, the chairman now owns 471,228 shares of the company’s stock, valued at approximately $20,262,804. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Adviser Investments LLC acquired a new position in Ball during the second quarter worth $106,000. Piedmont Investment Advisors LLC acquired a new position in Ball during the second quarter worth $145,000. Visionary Asset Management Inc. acquired a new position in Ball during the third quarter worth $220,000. Creative Planning acquired a new position in Ball during the second quarter worth $215,000. Finally, TLP Group LLC grew its holdings in Ball by 643,200.0% in the first quarter. TLP Group LLC now owns 6,433 shares of the industrial products company’s stock valued at $255,000 after purchasing an additional 6,432 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Ball Company Profile

Ball Corporation supplies metal packaging products to the beverage, food, personal care, and household products industries. It operates in five segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.

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Analyst Recommendations for Ball (NYSE:BLL)

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