Ball Corp. Given Consensus Recommendation of “Hold” by Analysts (NYSE:BLL)
Ball Corp. (NYSE:BLL) has earned an average rating of “Hold” from the eleven ratings firms that are currently covering the company, American Banking News reports. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $53.88.
A number of analysts have recently weighed in on BLL shares. Analysts at Credit Suisse initiated coverage on shares of Ball Corp. in a research note on Wednesday. They set a “neutral” rating and a $59.00 price target on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Ball Corp. in a research note on Friday, February 14th. They now have a $65.00 price target on the stock. Finally, analysts at Longbow Research initiated coverage on shares of Ball Corp. in a research note on Friday, February 7th. They set a “neutral” rating on the stock.
Ball Corp. (NYSE:BLL) traded up 0.22% on Wednesday, hitting $54.92. 131,220 shares of the company’s stock traded hands. Ball Corp. has a 1-year low of $41.52 and a 1-year high of $56.33. The stock has a 50-day moving average of $54.75 and a 200-day moving average of $50.80. The company has a market cap of $7.718 billion and a P/E ratio of 20.05.
Ball Corp. (NYSE:BLL) last announced its earnings results on Friday, January 31st. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters 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.
Ball Corporation (NYSE:BLL) is a supplier of metal packaging to the beverage, food, personal care and household products industries.
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