Ball Receives Consensus Rating of “Hold” from Analysts (NYSE:BLL)
Ball (NYSE:BLL) has earned an average rating of “Hold” from the eleven brokerages that are presently covering the stock, American Banking News reports. Nine investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $62.56.
Shares of Ball (NYSE:BLL) opened at 62.64 on Tuesday. Ball has a one year low of $43.94 and a one year high of $64.91. The stock’s 50-day moving average is $62.83 and its 200-day moving average is $57.78. The company has a market cap of $8.708 billion and a P/E ratio of 18.65.
Ball (NYSE:BLL) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.13 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that Ball will post $3.86 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Thursday, August 28th.
BLL has been the subject of a number of recent research reports. Analysts at Citigroup Inc. downgraded shares of Ball from a “buy” rating to a “neutral” rating in a research note on Friday. They now have a $66.00 price target on the stock. Separately, 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. Finally, 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.
Ball Corporation (NYSE:BLL) is a supplier of metal packaging to the beverage, food, personal care and household products industries.
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