Ball Hits New 12-Month High at $61.34 (BLL)
Ball (NYSE:BLL)’s share price reached a new 52-week high during trading on Friday , American Banking & Market News reports. The stock traded as high as $61.34 and last traded at $61.07, with a volume of 168,019 shares. The stock had previously closed at $61.02.
BLL has been the subject of a number of recent research reports. Analysts at Citigroup Inc. raised their price target on shares of Ball from $62.00 to $66.00 in a research note on Tuesday, May 6th. Separately, analysts at Deutsche Bank raised their price target on shares of Ball from $53.00 to $60.00 in a research note on Monday, May 5th. They now have a “hold” rating on the stock. They noted that the move was a valuation call. Finally, analysts at Barclays raised their price target on shares of Ball from $55.00 to $56.00 in a research note on Monday, May 5th. They now have an “overweight” rating on the stock. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $56.60.
The stock has a 50-day moving average of $58.38 and a 200-day moving average of $53.96. The company has a market cap of $8.517 billion and a P/E ratio of 20.90.
Ball (NYSE:BLL) last announced its 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. On average, analysts predict that Ball will post $3.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Shareholders 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 0.85%. 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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