Ball Corp. Price Target Raised to $52.00 at Jefferies Group (BLL)
Analysts at Jefferies Group hoisted their price target on shares of Ball Corp. (NYSE:BLL) from $50.00 to $52.00 in a research report issued to clients and investors on Friday, Analyst Ratings Net reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price objective points to a potential upside of 1.58% from the stock’s previous close.
Shares of Ball Corp. (NYSE:BLL) traded down 0.79% during mid-day trading on Friday, hitting $51.19. The stock had a trading volume of 1,681,809 shares. Ball Corp. has a 1-year low of $41.52 and a 1-year high of $52.45. The stock has a 50-day moving average of $50.77 and a 200-day moving average of $47.59. The company has a market cap of $7.404 billion and a P/E ratio of 22.82.
Ball Corp. (NYSE:BLL) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.73 by $0.13. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $2.10 billion. Analysts expect that Ball Corp. will post $3.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of 0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Thursday, February 27th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Ball Corp. in a research note to investors on Friday, December 6th. They now have a $52.00 price target on the stock. Separately, analysts at Merrill Lynch upgraded shares of Ball Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Friday, November 15th. Finally, analysts at Bank of America Corp. upgraded shares of Ball Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Friday, November 15th. They now have a $56.00 price target on the stock, up previously from $49.00. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Ball Corp. has an average rating of “Hold” and a consensus target price of $51.22.
Ball Corporation (NYSE:BLL) is a supplier of metal packaging to the beverage, food, personal care and household products industries.
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