Ball Corporation (BLL) Receives $43.44 Average PT from Analysts

Shares of Ball Corporation (NYSE:BLL) have been assigned an average rating of “Hold” from the fourteen ratings firms that are presently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $43.61.

Several analysts have recently weighed in on BLL shares. Vertical Group reaffirmed 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. Deutsche Bank AG reissued a “buy” rating and issued a $47.00 price target (up previously from $44.00) on shares of Ball Corporation in a report on Tuesday, July 18th. BidaskClub lowered shares of Ball Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Barclays PLC raised their price target on shares of Ball Corporation from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Zacks Investment Research raised shares of Ball Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 8th.

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Shares of Ball Corporation (NYSE BLL) traded up 0.437% during trading on Friday, hitting $40.225. The stock had a trading volume of 1,232,953 shares. Ball Corporation has a one year low of $35.65 and a one year high of $43.06. The stock’s 50-day moving average price is $41.94 and its 200 day moving average price is $39.14. The stock has a market cap of $14.12 billion, a price-to-earnings ratio of 57.057 and a beta of 0.95.

Ball Corporation (NYSE:BLL) last posted its quarterly earnings data 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. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. Ball Corporation had a return on equity of 17.54% and a net margin of 1.70%. The business’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.05 EPS. On average, equities analysts forecast that Ball Corporation will post $2.03 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.10 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.00%. Ball Corporation’s payout ratio is presently 78.43%.

In other Ball Corporation news, Chairman John A. Hayes sold 5,655 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $41.19, for a total value of $232,929.45. Following the transaction, the chairman now directly owns 407,575 shares of the company’s stock, valued at $16,788,014.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman John A. Hayes sold 5,622 shares of Ball Corporation stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $41.10, for a total transaction of $231,064.20. Following the transaction, the chairman now directly owns 412,623 shares in the company, valued at $16,958,805.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 117,654 shares of company stock worth $4,839,833. Insiders own 2.70% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Pinnacle Bank purchased a new position in shares of Ball Corporation during the first quarter worth $126,000. First Personal Financial Services boosted its position in shares of Ball Corporation by 17.1% in the first quarter. First Personal Financial Services now owns 1,797 shares of the industrial products company’s stock worth $133,000 after buying an additional 262 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Ball Corporation by 100.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,450 shares of the industrial products company’s stock worth $103,000 after buying an additional 1,225 shares in the last quarter. Baird Financial Group Inc. purchased a new position in shares of Ball Corporation during the first quarter worth $201,000. Finally, Advisor Partners LLC purchased a new position in shares of Ball Corporation during the first quarter worth $201,000. 46.59% of the stock is currently owned by institutional investors.

Ball Corporation Company Profile

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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