Longbow Research Initiates Coverage on Ball Corp. (BLL)
Stock analysts at Longbow Research initiated coverage on shares of Ball Corp. (NYSE:BLL) in a report issued on Friday, Analyst Ratings.Net reports. The firm set a “neutral” rating on the stock.
Shares of Ball Corp. (NYSE:BLL) opened at 52.01 on Friday. Ball Corp. has a 1-year low of $41.52 and a 1-year high of $52.74. The stock has a 50-day moving average of $50. and a 200-day moving average of $47.85. The company has a market cap of $7.441 billion and a P/E ratio of 18.90.
Ball Corp. (NYSE:BLL) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the 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 $3.69 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 1.00%. 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 Tuesday. They now have a $54.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Ball Corp. from $53.00 to $55.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Finally, 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, January 31st. They now have a “hold” rating on the stock. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Ball Corp. has an average rating of “Hold” and a consensus target price of $51.25.
Ball Corporation (NYSE:BLL) is a supplier of metal packaging to the beverage, food, personal care and household products industries.
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