Ball Corporation (NYSE:BLL) has received an average recommendation of “Hold” from the sixteen ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $44.41.

BLL has been the subject of a number of research reports. Zacks Investment Research raised Ball Corporation from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Tuesday, July 4th. Deutsche Bank AG reissued a “buy” rating and set a $47.00 target price (up previously from $44.00) on shares of Ball Corporation in a report on Tuesday, July 18th. Jefferies Group LLC reissued a “buy” rating and set a $50.00 target price (up previously from $47.00) on shares of Ball Corporation in a report on Friday, July 14th. BidaskClub raised Ball Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Robert W. Baird reissued a “buy” rating and set a $45.00 target price on shares of Ball Corporation in a report on Thursday, October 12th.

Ball Corporation (NYSE BLL) opened at 42.77 on Friday. Ball Corporation has a 1-year low of $35.65 and a 1-year high of $43.12. The company’s 50-day moving average is $41.59 and its 200 day moving average is $40.71. The firm has a market capitalization of $15.05 billion, a PE ratio of 60.67 and a beta of 0.97.

Ball Corporation (NYSE:BLL) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.02). Ball Corporation had a return on equity of 17.63% and a net margin of 1.70%. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period in the prior year, the business posted $1.05 EPS. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. On average, equities analysts expect that Ball Corporation will post $2.03 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, November 30th. Ball Corporation’s dividend payout ratio (DPR) is presently 78.43%.

In related news, Chairman John A. Hayes sold 5,655 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $41.19, for a total value of $232,929.45. Following the completion of the transaction, the chairman now owns 407,575 shares of the company’s stock, valued at $16,788,014.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman John A. Hayes sold 5,619 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $41.98, for a total value of $235,885.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,617 shares of company stock valued at $3,664,485. 2.70% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Ball Corporation by 104.6% in the second quarter. Vanguard Group Inc. now owns 35,339,156 shares of the industrial products company’s stock valued at $1,491,666,000 after acquiring an additional 18,062,724 shares during the last quarter. BlackRock Inc. grew its position in Ball Corporation by 104.4% in the second quarter. BlackRock Inc. now owns 21,051,051 shares of the industrial products company’s stock valued at $888,566,000 after acquiring an additional 10,752,597 shares during the last quarter. FMR LLC grew its position in Ball Corporation by 91.2% in the second quarter. FMR LLC now owns 18,275,730 shares of the industrial products company’s stock valued at $771,419,000 after acquiring an additional 8,716,359 shares during the last quarter. State Street Corp grew its position in Ball Corporation by 97.8% in the second quarter. State Street Corp now owns 14,936,539 shares of the industrial products company’s stock valued at $630,475,000 after acquiring an additional 7,386,379 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Ball Corporation by 111.7% in the second quarter. JPMorgan Chase & Co. now owns 14,936,002 shares of the industrial products company’s stock valued at $630,447,000 after acquiring an additional 7,881,436 shares during the last quarter. 86.33% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Ball Corporation (NYSE:BLL)

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