Ball Given BB+ Credit Rating (BLL)
Ball (NYSE:BLL) has been given a “BB+” credit rating by Morningstar. The firm’s “BB+” rating indicates that the company is an above-average default risk. They also issued a positive credit outlook for the company and gave their stock a two star rating.
Several other analysts have also 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $62.56.
Ball (NYSE:BLL) opened at 65.25 on Wednesday. Ball has a one year low of $43.98 and a one year high of $65.57. The stock’s 50-day moving average is $63.15 and its 200-day moving average is $59.18. The company has a market cap of $9.033 billion and a price-to-earnings ratio of 19.09.
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 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 0.80%. The ex-dividend date of this dividend is Thursday, August 28th.
In other Ball news, VP Jeff A. Knobel sold 4,800 shares of the company’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $64.03, for a total value of $307,344.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Ball Corporation (NYSE:BLL) is a supplier of metal packaging to the beverage, food, personal care and household products industries.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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