Insider Selling: Ball Corp. VP Unloads 9,800 Shares of Stock (BLL)
Ball Corp. (NYSE:BLL) VP Leroy James Williams, Jr. sold 9,800 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $45.49, for a total value of $445,802.00. Following the sale, the vice president now directly owns 19,759 shares in the company. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Ball Corp. (NYSE:BLL) from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, September 5th. They now have a $47.00 price target on the stock. Separately, analysts at Northcoast Research initiated coverage on shares of Ball Corp. (NYSE:BLL) in a research note to investors on Friday, August 23rd. They set a “neutral” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Ball Corp. (NYSE:BLL) from $49.00 to $52.00 in a research note to investors on Friday, July 26th. They now have an “overweight” rating on the stock.
One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $48.00.
Shares of Ball Corp. (NYSE:BLL) traded up 0.62% on Tuesday, hitting $45.31. The stock had a trading volume of 673,647 shares. Ball Corp. has a 52-week low of $41.11 and a 52-week high of $48.50. The stock has a 50-day moving average of $45.06 and a 200-day moving average of $44.91. The company has a market cap of $6.574 billion and a price-to-earnings ratio of 20.25.
Ball Corp. (NYSE:BLL) last released its earnings data on Thursday, July 25th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by $0.02. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. On average, analysts predict that Ball Corp. will post $3.13 earnings per share for the current fiscal year.
Ball Corporation (NYSE:BLL) is a supplier of metal packaging to the beverage, food, personal care and household products industries.
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