Ball (NYSE:BLL) had its price target raised by Robert W. Baird from $52.00 to $55.00 in a research note published on Friday. Robert W. Baird currently has an outperform rating on the industrial products company’s stock.
Several other brokerages have also issued reports on BLL. Zacks Investment Research raised shares of Ball from a sell rating to a hold rating in a report on Wednesday, October 10th. Citigroup cut their price objective on shares of Ball from $45.00 to $44.00 and set a buy rating on the stock in a report on Tuesday, July 10th. Vertical Research lowered shares of Ball from a buy rating to a hold rating and set a $50.00 price objective on the stock. in a report on Friday. ValuEngine raised shares of Ball from a sell rating to a hold rating in a report on Wednesday, October 17th. Finally, Bank of America lifted their price objective on shares of Ball from $54.00 to $55.00 and gave the company a buy rating in a report on Friday. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Ball currently has a consensus rating of Buy and an average target price of $49.54.
Shares of BLL stock opened at $47.41 on Friday. The company has a market cap of $16.29 billion, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.69 and a current ratio of 1.01. Ball has a 52-week low of $34.71 and a 52-week high of $48.47.
Ball (NYSE:BLL) last issued its quarterly earnings data on Thursday, November 1st. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.04). The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Ball had a net margin of 4.21% and a return on equity of 20.02%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. Sell-side analysts anticipate that Ball will post 2.22 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Friday, November 30th. Ball’s dividend payout ratio is currently 19.61%.
In other Ball news, Chairman John A. Hayes sold 96,667 shares of Ball stock in a transaction on Monday, September 10th. The shares were sold at an average price of $43.00, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott C. Morrison sold 25,000 shares of Ball stock in a transaction 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 transaction, the vice president now directly owns 30,392 shares in the company, valued at $1,349,404.80. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLL. Zions Bancorporation purchased a new stake in shares of Ball during the third quarter valued at $114,000. Adviser Investments LLC purchased a new stake in shares of Ball during the second quarter valued at $106,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Ball during the second quarter valued at $145,000. Chicago Capital LLC purchased a new stake in shares of Ball during the third quarter valued at $211,000. Finally, Visionary Asset Management Inc. purchased a new stake in shares of Ball during the third quarter valued at $220,000. 85.78% of the stock is currently owned by institutional investors and hedge funds.
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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