Ball (NYSE:BLL) has been given a $52.00 price target by analysts at UBS Group in a report released on Friday, www.stocktargetadvisor.com reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. UBS Group’s price objective indicates a potential upside of 13.22% from the company’s current price.
A number of other research firms have also recently weighed in on BLL. Deutsche Bank set a $51.00 price objective on Ball and gave the company a “buy” rating in a research report on Thursday. Zacks Investment Research cut Ball from a “hold” rating to a “sell” rating in a research report on Thursday. BMO Capital Markets reaffirmed an “outperform” rating and set a $52.00 price objective on shares of Ball in a research report on Thursday. Bank of America lifted their price objective on Ball from $44.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, September 24th. Finally, Robert W. Baird lifted their price objective on Ball from $47.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $47.23.
Shares of BLL stock traded up $0.12 during trading hours on Friday, reaching $45.93. 5,625,119 shares of the company traded hands, compared to its average volume of 2,901,252. Ball has a 12-month low of $34.71 and a 12-month high of $46.18. The company has a quick ratio of 0.92, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. The stock has a market cap of $15.13 billion, a P/E ratio of 22.51, a PEG ratio of 3.56 and a beta of 0.89.
Ball (NYSE:BLL) last posted its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $0.58 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.58. Ball had a return on equity of 19.93% and a net margin of 4.12%. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the previous year, the firm earned $0.53 EPS. The business’s quarterly revenue was up 8.6% on a year-over-year basis. On average, equities research analysts expect that Ball will post 2.24 earnings per share for the current fiscal year.
In related news, Chairman John A. Hayes sold 96,667 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $43.00, for a total value of $4,156,681.00. Following the transaction, the chairman now directly owns 471,228 shares of the company’s stock, valued at approximately $20,262,804. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Scott C. Morrison sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $44.40, for a total value of $1,110,000.00. Following the completion of the transaction, the vice president now directly owns 30,392 shares in the company, valued at $1,349,404.80. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of BLL. Adviser Investments LLC purchased a new position in Ball in the 2nd quarter worth approximately $106,000. Piedmont Investment Advisors LLC bought a new stake in Ball in the 2nd quarter worth approximately $145,000. Creative Planning bought a new stake in Ball in the 2nd quarter worth approximately $215,000. Visionary Asset Management Inc. bought a new stake in Ball in the 3rd quarter worth approximately $220,000. Finally, Cozad Asset Management Inc. bought a new stake in Ball in the 2nd quarter worth approximately $254,000. 85.65% of the stock is currently owned by institutional investors.
Ball Corporation supplies metal packaging products to the beverage, food, personal care, and household products industries. It operates in five segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.
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