Ball Coverage Initiated by Analysts at BMO Capital Markets (BLL)
Equities researchers at BMO Capital Markets assumed coverage on shares of Ball (NYSE:BLL) in a research report issued on Wednesday. The firm set a “market perform” rating and a $60.00 price target on the stock. BMO Capital Markets’ price objective would suggest a potential downside of 9.17% from the stock’s previous close.
In other Ball news, VP Jeff A. Knobel unloaded 4,800 shares of Ball stock on the open market in a transaction dated Friday, August 29th. The shares were sold at an average price of $64.03, for a total transaction of $307,344.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Other equities research analysts have also recently issued reports about 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. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Ball currently has an average rating of “Hold” and an average price target of $62.30.
Shares of Ball (NYSE:BLL) traded up 1.24% on Wednesday, hitting $66.06. The stock had a trading volume of 1,123,804 shares. Ball has a 52 week low of $43.98 and a 52 week high of $65.57. The stock has a 50-day moving average of $63.15 and a 200-day moving average of $59.18. The company has a market cap of $9.145 billion and a price-to-earnings ratio of 19.43.
Ball (NYSE:BLL) last posted its quarterly 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 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 0.79%. 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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