Robert W. Baird Increases Ball Price Target to $62.00 (BLL)
Research analysts at Robert W. Baird increased their target price on shares of Ball (NYSE:BLL) from $55.00 to $62.00 in a report released on Friday, StockRatingsNetwork.com reports. Robert W. Baird’s price objective suggests a potential upside of 8.89% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Ball in a research note on Friday. They now have a $60.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of Ball in a research note on Wednesday, April 23rd. They set a “neutral” rating and a $56.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Ball currently has a consensus rating of “Hold” and an average target price of $54.44.
Shares of Ball (NYSE:BLL) traded down 2.21% on Friday, hitting $55.68. 2,788,291 shares of the company’s stock traded hands. Ball has a 52-week low of $41.52 and a 52-week high of $58.20. The stock’s 50-day moving average is $54.92 and its 200-day moving average is $51.99. The company has a market cap of $7.825 billion and a price-to-earnings ratio of 20.83.
Ball (NYSE:BLL) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.69 by $0.12. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the company posted $0.58 earnings per share. Ball’s revenue was up .8% compared to the same quarter last year. Analysts expect that Ball will post $3.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Investors of record on Monday, June 2nd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, May 29th.
Ball Corporation (NYSE:BLL) is a supplier of metal packaging to the beverage, food, personal care and household products industries.
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