Ball Reaches New 52-Week High at $65.57 (BLL)
Ball (NYSE:BLL) hit a new 52-week high on Tuesday , Analyst Ratings Net reports. The stock traded as high as $65.57 and last traded at $65.21, with a volume of 708,590 shares trading hands. The stock had previously closed at $64.10.
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. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $62.56.
The stock’s 50-day moving average is $63.11 and its 200-day moving average is $59.1. The company has a market cap of $9.044 billion and a P/E ratio of 19.09.
Ball (NYSE:BLL) last issued its quarterly earnings data 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. 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. Stockholders 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 0.81%. The ex-dividend date is Thursday, August 28th.
Ball Corporation (NYSE:BLL) is a supplier of metal packaging to the beverage, food, personal care and household products industries.
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