Ball Stock Rating Lowered by Citigroup Inc. (BLL)
Ball (NYSE:BLL) was downgraded by research analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a report released on Friday, TheFlyOnTheWall.com reports. They currently have a $66.00 price objective on the stock. Citigroup Inc.’s price objective suggests a potential upside of 6.02% from the stock’s previous close.
Shares of Ball (NYSE:BLL) traded down 0.02% during mid-day trading on Friday, hitting $62.25. The stock had a trading volume of 779,542 shares. Ball has a one year low of $43.94 and a one year high of $64.91. The stock has a 50-day moving average of $62.75 and a 200-day moving average of $57.64. The company has a market cap of $8.653 billion and a P/E ratio of 18.54.
Ball (NYSE:BLL) last released its earnings data on Thursday, July 31st. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.03 by $0.10. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Analysts expect that Ball will post $3.86 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Thursday, August 28th.
BLL has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Ball in a research note on Friday, August 1st. They now have a $64.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ball in a research note on Friday, August 1st. They now have a $63.00 price target on the stock, up previously from $60.00. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Ball in a research note on Friday, August 1st. They now have a $58.00 price target on the stock, up previously from $57.00. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $62.56.
Ball Corporation (NYSE:BLL) is a supplier of metal packaging to the beverage, food, personal care and household products industries.
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