Ball (NYSE:BLL) had its price objective raised by Royal Bank of Canada from $47.00 to $53.00 in a research note released on Tuesday morning. Royal Bank of Canada currently has an outperform rating on the industrial products company’s stock.

Several other equities research analysts have also recently commented on the stock. Robert W. Baird raised their target price on shares of Ball from $52.00 to $55.00 and gave the stock an outperform rating in a research report on Friday, November 2nd. Bank of America raised their target price on shares of Ball from $54.00 to $55.00 and gave the stock a buy rating in a research report on Friday, November 2nd. JPMorgan Chase & Co. raised their target price on shares of Ball from $51.00 to $53.00 and gave the stock an overweight rating in a research report on Friday, November 2nd. Citigroup raised their target price on shares of Ball from $51.00 to $55.00 and gave the stock a buy rating in a research report on Friday, November 2nd. Finally, Vertical Research cut shares of Ball from a buy rating to a hold rating and set a $50.00 target price for the company. in a research report on Friday, November 2nd. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Ball has a consensus rating of Buy and a consensus price target of $50.00.

Ball stock traded down $0.04 during trading hours on Tuesday, reaching $48.68. The stock had a trading volume of 4,123,588 shares, compared to its average volume of 3,586,198. The firm has a market cap of $16.57 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 4.02 and a beta of 0.74. Ball has a 52 week low of $34.71 and a 52 week high of $49.18. The company has a quick ratio of 0.69, a current ratio of 1.01 and a debt-to-equity ratio of 1.74.

Ball (NYSE:BLL) last announced its quarterly earnings results on Thursday, November 1st. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.04). The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.80 billion. Ball had a return on equity of 20.02% and a net margin of 4.21%. Ball’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. As a group, sell-side analysts expect that Ball will post 2.21 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.82%. Ball’s dividend payout ratio (DPR) is currently 19.61%.

In related news, VP Jeff A. Knobel sold 6,899 shares of Ball stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $47.42, for a total transaction of $327,150.58. Following the completion of the transaction, the vice president now directly owns 68,389 shares of the company’s stock, valued at approximately $3,243,006.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman John A. Hayes sold 96,667 shares of Ball stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $43.00, for a total transaction of $4,156,681.00. Following the transaction, the chairman now directly owns 471,228 shares of the company’s stock, valued at $20,262,804. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,566 shares of company stock valued at $5,593,832. 2.70% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Portland Hill Asset Management Ltd lifted its position in Ball by 0.3% during the 3rd quarter. Portland Hill Asset Management Ltd now owns 338,619 shares of the industrial products company’s stock valued at $14,947,000 after acquiring an additional 1,126 shares during the period. BB&T Securities LLC lifted its position in Ball by 4.8% during the 2nd quarter. BB&T Securities LLC now owns 28,879 shares of the industrial products company’s stock valued at $1,026,000 after acquiring an additional 1,313 shares during the period. Isthmus Partners LLC lifted its position in Ball by 0.8% during the 2nd quarter. Isthmus Partners LLC now owns 159,338 shares of the industrial products company’s stock valued at $5,664,000 after acquiring an additional 1,317 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in Ball by 1.0% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 137,136 shares of the industrial products company’s stock valued at $6,032,000 after acquiring an additional 1,360 shares during the period. Finally, Parkwood LLC lifted its position in Ball by 13.9% during the 2nd quarter. Parkwood LLC now owns 11,538 shares of the industrial products company’s stock valued at $410,000 after acquiring an additional 1,410 shares during the period. 85.78% of the stock is owned by institutional investors.

About Ball

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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