Ball Corp. Reaches New 52-Week High at $53.34 (BLL)
Ball Corp. (NYSE:BLL)’s share price reached a new 52-week high on Monday , American Banking & Market News reports. The company traded as high as $53.34 and last traded at $53.05, with a volume of 654,820 shares traded. The stock had previously closed at $52.80.
A number of analysts have recently weighed in on BLL shares. Analysts at Longbow Research initiated coverage on shares of Ball Corp. in a research note to investors on Friday. They set a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Ball Corp. in a research note to investors on Tuesday, February 4th. They now have a $54.00 price target on the stock. Finally, 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, February 3rd. They now have an “overweight” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Ball Corp. has a consensus rating of “Hold” and an average price target of $51.25.
The stock has a 50-day moving average of $51.03 and a 200-day moving average of $47.90. The company has a market cap of $7.620 billion and a price-to-earnings ratio of 19.32.
Ball Corp. (NYSE:BLL) last posted its quarterly 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. On average, analysts predict that Ball Corp. will post $3.69 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend 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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