Ball Corp. PT Raised to $55.00 (BLL)
Investment analysts at Barclays raised their price objective on shares of Ball Corp. (NYSE:BLL) from $53.00 to $55.00 in a note issued to investors on Monday, Stock Ratings Network reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target indicates a potential upside of 7.51% from the company’s current price.
A number of other analysts have also recently weighed in on BLL. Analysts at Jefferies Group raised their price target on shares of Ball Corp. from $50.00 to $52.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, 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. 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. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Ball Corp. presently has an average rating of “Hold” and an average target price of $51.00.
Ball Corp. (NYSE:BLL) traded down 0.06% during mid-day trading on Monday, hitting $51.16. The stock had a trading volume of 2,194,534 shares. Ball Corp. has a 52-week low of $41.52 and a 52-week high of $52.74. The stock’s 50-day moving average is $50.83 and its 200-day moving average is $47.64. The company has a market cap of $7.320 billion and a P/E ratio of 18.73.
Ball Corp. (NYSE:BLL) last announced its earnings results 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 $3.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 17th. Stockholders 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.
Ball Corporation (NYSE:BLL) is a supplier of metal packaging to the beverage, food, personal care and household products industries.
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