Barclays Increases Ball Corp. Price Target to $52.00 (BLL)
Analysts at Barclays boosted their price target on shares of Ball Corp. (NYSE:BLL) from $51.00 to $52.00 in a research report issued to clients and investors on Wednesday, Analyst Ratings Net reports. The firm currently has an “overweight” rating on the stock. Barclays’ target price points to a potential upside of 7.11% from the stock’s previous close.
Ball Corp. (NYSE:BLL) traded down 0.63% during mid-day trading on Wednesday, hitting $48.55. The stock had a trading volume of 1,218,580 shares. Ball Corp. has a 1-year low of $41.11 and a 1-year 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 $7.026 billion and a price-to-earnings ratio of 21.61.
Ball Corp. (NYSE:BLL) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the 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. Analysts expect that Ball Corp. will post $3.15 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Wednesday, November 27th.
BLL has been the subject of a number of other recent research reports. Analysts at Robert W. Baird raised their price target on shares of Ball Corp. from $50.00 to $55.00 in a research note to investors on Friday, October 25th. They now have an “outperform” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Ball Corp. from $47.00 to $50.00 in a research note to investors on Friday, October 25th. They now have a “hold” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Ball Corp. from $47.00 to $51.00 in a research note to investors on Friday, October 25th. They now have a “hold” rating on the stock. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $49.80.
Ball Corporation (NYSE:BLL) is a supplier of metal packaging to the beverage, food, personal care and household products industries.
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