Ball Corp. PT Raised to $51.00 (BLL)
Equities research analysts at Deutsche Bank upped their price target on shares of Ball Corp. (NYSE:BLL) from $47.00 to $51.00 in a research note issued to investors on Friday, American Banking News.com reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective would indicate a potential upside of 4.94% from the stock’s previous close.
A number of other analysts have also recently weighed in on BLL. Analysts at Zacks reiterated a “neutral” rating on shares of Ball Corp. in a research note to investors on Friday. They now have a $50.00 price target on the stock. Finally, analysts at Northcoast Research initiated coverage on shares of Ball Corp. in a research note to investors on Friday, August 23rd. They set a “neutral” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $49.80.
Ball Corp. (NYSE:BLL) traded up 1.55% on Friday, hitting $48.60. The stock had a trading volume of 1,206,932 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 $45.00 and a 200-day moving average of $44.93. The company has a market cap of $7.052 billion and a P/E ratio of 21.52.
Ball Corp. (NYSE:BLL) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.78 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.94 by $0.16. The company had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was down .2% 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.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, November 27th.
Ball Corporation (NYSE:BLL) is a supplier of metal packaging to the beverage, food, personal care and household products industries.
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