Ball Co. (NYSE:BLL) has earned an average rating of “Buy” from the seventeen brokerages that are covering the stock, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $56.26.
BLL has been the topic of a number of research reports. BMO Capital Markets lowered shares of Ball from an “outperform” rating to a “market perform” rating and set a $58.10 target price on the stock. in a report on Monday, April 8th. They noted that the move was a valuation call. Morgan Stanley boosted their target price on shares of Ball from $55.00 to $63.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. UBS Group lowered shares of Ball from a “buy” rating to a “neutral” rating and set a $58.00 target price on the stock. in a report on Friday, February 15th. Zacks Investment Research lowered shares of Ball from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Finally, Wells Fargo & Co boosted their target price on shares of Ball from $66.00 to $68.00 and gave the stock an “outperform” rating in a report on Friday, May 17th.
In other news, VP Jeff A. Knobel sold 6,300 shares of the company’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $62.28, for a total value of $392,364.00. Following the sale, the vice president now directly owns 68,470 shares of the company’s stock, valued at approximately $4,264,311.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman John A. Hayes sold 9,111 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $61.66, for a total transaction of $561,784.26. Following the completion of the sale, the chairman now directly owns 472,141 shares in the company, valued at $29,112,214.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,263 shares of company stock worth $2,266,357. Insiders own 1.80% of the company’s stock.
Several large investors have recently bought and sold shares of BLL. Meridian Wealth Management LLC acquired a new position in shares of Ball during the 1st quarter valued at $66,000. Marshall Wace North America L.P. acquired a new position in shares of Ball during the 1st quarter valued at $243,000. Marshall Wace LLP acquired a new position in shares of Ball during the 1st quarter valued at $1,103,000. Advisory Services Network LLC lifted its position in shares of Ball by 163.9% during the 1st quarter. Advisory Services Network LLC now owns 5,859 shares of the industrial products company’s stock valued at $339,000 after acquiring an additional 3,639 shares during the period. Finally, Horizon Investments LLC acquired a new position in shares of Ball during the 1st quarter valued at $210,000. 82.13% of the stock is currently owned by institutional investors.
Shares of Ball stock traded up $0.66 during midday trading on Monday, hitting $62.05. 2,286,547 shares of the company traded hands, compared to its average volume of 2,405,287. The firm has a market capitalization of $20.55 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 4.27 and a beta of 0.73. The company has a current ratio of 1.09, a quick ratio of 0.77 and a debt-to-equity ratio of 1.84. Ball has a 12 month low of $34.71 and a 12 month high of $65.31.
Ball (NYSE:BLL) last announced its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.66 billion. Ball had a net margin of 3.83% and a return on equity of 20.39%. The company’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. As a group, research analysts anticipate that Ball will post 2.61 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be paid a $0.15 dividend. This is a positive change from Ball’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, May 31st. Ball’s dividend payout ratio is currently 18.18%.
Ball Company Profile
Ball Corp. provides metal packaging for beverages, foods and household products, and of aerospace and other technologies and services to commercial and governmental customers. It operates through the following business segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.
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