Ball Given Consensus Rating of “Hold” by Analysts (NYSE:BLL)
Shares of Ball (NYSE:BLL) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the stock, Stock Ratings News reports. Nine analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $62.56.
Shares of Ball (NYSE:BLL) opened at 63.12 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 $62.94 and its 200-day moving average is $58.11. The company has a market cap of $8.738 billion and a P/E ratio of 18.74.
Ball (NYSE:BLL) last announced its earnings results on Thursday, July 31st. The company reported $1.13 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.85 earnings per share. Ball’s revenue was up 4.1% compared to the same quarter last year. 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. Shareholders 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 0.82%. The ex-dividend date of this dividend is Thursday, August 28th.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. downgraded shares of Ball from a “buy” rating to a “neutral” rating in a research note on Friday, August 8th. 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.