Ball Co. (NYSE:BLL) has been given a consensus recommendation of “Hold” by the fifteen analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $44.73.

Several equities research analysts have weighed in on the stock. KeyCorp reissued a “hold” rating on shares of Ball in a research report on Thursday, November 2nd. Zacks Investment Research cut shares of Ball from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. UBS Group assumed coverage on shares of Ball in a research report on Monday, October 23rd. They set a “buy” rating and a $50.00 price target for the company. Robert W. Baird reissued a “buy” rating and set a $45.00 price target on shares of Ball in a research report on Thursday, October 12th. Finally, Royal Bank of Canada assumed coverage on shares of Ball in a research report on Monday, October 9th. They set an “outperform” rating and a $46.00 price target for the company.

Shares of Ball (NYSE:BLL) opened at $38.38 on Friday. The firm has a market cap of $13,440.00, a price-to-earnings ratio of 51.86, a price-to-earnings-growth ratio of 3.14 and a beta of 0.97. The company has a current ratio of 1.04, a quick ratio of 0.66 and a debt-to-equity ratio of 1.95. Ball has a 12-month low of $35.65 and a 12-month high of $43.24.

Ball (NYSE:BLL) last announced its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.07). The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Ball had a net margin of 2.13% and a return on equity of 18.31%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 EPS. equities research analysts expect that Ball will post 1.95 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.04%. Ball’s dividend payout ratio is 54.05%.

In other news, Chairman John A. Hayes sold 6,782 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $38.61, for a total value of $261,853.02. Following the completion of the sale, the chairman now directly owns 398,485 shares of the company’s stock, valued at approximately $15,385,505.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman John A. Hayes sold 5,695 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $41.29, for a total transaction of $235,146.55. Following the completion of the transaction, the chairman now owns 407,973 shares of the company’s stock, valued at $16,845,205.17. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,345 shares of company stock valued at $773,173. Corporate insiders own 2.70% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. QUANTRES ASSET MANAGEMENT Ltd bought a new position in shares of Ball in the 4th quarter worth about $1,298,000. Parametric Portfolio Associates LLC increased its stake in shares of Ball by 11.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 642,347 shares of the industrial products company’s stock worth $26,529,000 after acquiring an additional 65,602 shares in the last quarter. IFM Investors Pty Ltd bought a new position in shares of Ball in the 3rd quarter worth about $400,000. DF Dent & Co. Inc. bought a new position in shares of Ball in the 3rd quarter worth about $224,000. Finally, California Public Employees Retirement System increased its stake in shares of Ball by 1.2% in the 3rd quarter. California Public Employees Retirement System now owns 722,556 shares of the industrial products company’s stock worth $29,842,000 after acquiring an additional 8,404 shares in the last quarter. Institutional investors own 89.48% of the company’s stock.

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About Ball

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 (NYSE:BLL)

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