Other analysts have also recently issued research reports about the stock. TheStreet raised shares of Ball from a c+ rating to a b- rating in a research report on Wednesday, August 1st. Citigroup cut their price target on shares of Ball from $45.00 to $44.00 and set a buy rating on the stock in a research report on Tuesday, July 10th. Royal Bank of Canada reaffirmed a buy rating and set a $47.00 price target on shares of Ball in a research report on Monday, August 6th. Bank of America upped their price target on shares of Ball from $44.00 to $50.00 and gave the company a buy rating in a research report on Monday, September 24th. Finally, Barclays upped their price target on shares of Ball from $42.00 to $43.00 and gave the company an equal weight rating in a research report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of $47.23.
NYSE BLL opened at $45.93 on Thursday. The firm has a market capitalization of $15.13 billion, a P/E ratio of 22.51, a P/E/G ratio of 3.56 and a beta of 0.89. Ball has a twelve month low of $34.71 and a twelve month high of $46.18. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.23 and a quick ratio of 0.92.
Ball (NYSE:BLL) last issued its quarterly earnings results on Thursday, August 2nd. The industrial products company reported $0.58 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.58. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Ball had a net margin of 4.12% and a return on equity of 19.93%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 earnings per share. On average, sell-side analysts anticipate that Ball will post 2.24 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. Ball’s dividend payout ratio (DPR) is presently 19.61%.
In other news, Chairman John A. Hayes sold 96,667 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $43.00, for a total transaction of $4,156,681.00. Following the transaction, the chairman now 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 Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott C. Morrison sold 25,000 shares of the stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $44.40, for a total transaction of $1,110,000.00. Following the transaction, the vice president now directly owns 30,392 shares in the company, valued at approximately $1,349,404.80. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in BLL. Adviser Investments LLC bought a new position in shares of Ball during the 2nd quarter worth about $106,000. Piedmont Investment Advisors LLC bought a new position in shares of Ball during the 2nd quarter worth about $145,000. Creative Planning bought a new position in shares of Ball during the 2nd quarter worth about $215,000. Visionary Asset Management Inc. bought a new position in shares of Ball during the 3rd quarter worth about $220,000. Finally, Cozad Asset Management Inc. bought a new position in shares of Ball during the 2nd quarter worth about $254,000. 85.65% of the stock is currently owned by institutional investors.
Ball Company Profile
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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