Ball Corporation (BLL) Receives Average Recommendation of “Hold” from Analysts
Ball Corporation (NYSE:BLL) has received a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $43.44.
Several equities analysts have commented on the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $49.00 price target (down previously from $50.00) on shares of Ball Corporation in a report on Wednesday, August 9th. Vertical Group reissued a “hold” rating and set a $43.00 price objective (up previously from $41.50) on shares of Ball Corporation in a report on Wednesday, August 9th. Barclays PLC lifted their price objective on Ball Corporation from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. BidaskClub cut Ball Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research upgraded Ball Corporation from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Tuesday, July 4th.
Ball Corporation (BLL) opened at 41.58 on Wednesday. The company has a market capitalization of $14.63 billion, a PE ratio of 58.98 and a beta of 0.97. The company’s 50-day moving average price is $40.36 and its 200 day moving average price is $40.04. Ball Corporation has a 52 week low of $35.65 and a 52 week high of $43.06.
Ball Corporation (NYSE:BLL) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.02). Ball Corporation had a net margin of 1.70% and a return on equity of 17.63%. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the business posted $1.05 EPS. The firm’s quarterly revenue was up 40.6% on a year-over-year basis. On average, equities research analysts anticipate that Ball Corporation will post $2.03 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.96%. Ball Corporation’s dividend payout ratio (DPR) is presently 78.43%.
In other Ball Corporation news, VP Jeff A. Knobel sold 5,218 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $40.12, for a total transaction of $209,346.16. Following the completion of the transaction, the vice president now directly owns 68,138 shares in the company, valued at $2,733,696.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Lisa Ann Pauley sold 39,241 shares of the stock in a transaction on Friday, August 25th. The stock was sold at an average price of $39.10, for a total value of $1,534,323.10. Following the transaction, the senior vice president now owns 108,905 shares of the company’s stock, valued at $4,258,185.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,665 shares of company stock worth $5,265,060. 2.70% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Wedge Capital Management L L P NC grew its holdings in shares of Ball Corporation by 75.3% in the 2nd quarter. Wedge Capital Management L L P NC now owns 193,962 shares of the industrial products company’s stock worth $8,187,000 after purchasing an additional 83,293 shares during the last quarter. Baird Financial Group Inc. bought a new position in Ball Corporation during the 1st quarter valued at about $201,000. Geode Capital Management LLC boosted its position in Ball Corporation by 9.4% in the first quarter. Geode Capital Management LLC now owns 1,637,759 shares of the industrial products company’s stock valued at $121,443,000 after buying an additional 140,259 shares in the last quarter. Thomas White International Ltd. boosted its position in Ball Corporation by 100.0% in the second quarter. Thomas White International Ltd. now owns 27,410 shares of the industrial products company’s stock valued at $1,157,000 after buying an additional 13,705 shares in the last quarter. Finally, Credit Agricole S A boosted its position in Ball Corporation by 17.4% in the first quarter. Credit Agricole S A now owns 103,163 shares of the industrial products company’s stock valued at $7,662,000 after buying an additional 15,280 shares in the last quarter. Institutional investors own 86.43% of the company’s stock.
About Ball Corporation
Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. Its segments include beverage packaging, North and Central America; beverage packaging, South America; beverage packaging, Europe; food and aerosol packaging; aerospace, and other.
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