Shares of Ball Co. (NYSE:BLL) have been given an average rating of “Hold” by the fifteen ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $64.81.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Ball from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. UBS Group upped their target price on shares of Ball from $60.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Citigroup upped their target price on shares of Ball from $81.00 to $86.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Vertical Research cut shares of Ball from a “hold” rating to a “sell” rating in a research note on Monday, July 8th. Finally, Wells Fargo & Co cut shares of Ball from an “outperform” rating to a “market perform” rating and upped their target price for the company from $68.00 to $72.00 in a research note on Monday, August 5th.
In other Ball news, Director Stuart A. Taylor II sold 48,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $77.41, for a total value of $3,715,680.00. Following the transaction, the director now directly owns 146,966 shares in the company, valued at $11,376,638.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Scott C. Morrison sold 17,224 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $76.40, for a total transaction of $1,315,913.60. Following the completion of the transaction, the vice president now owns 442,361 shares in the company, valued at $33,796,380.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,942 shares of company stock worth $7,749,680. Company insiders own 1.80% of the company’s stock.
Shares of NYSE:BLL traded up $1.63 on Friday, hitting $79.63. 1,559,000 shares of the company were exchanged, compared to its average volume of 2,094,067. The firm has a market capitalization of $25.51 billion, a price-to-earnings ratio of 36.20, a PEG ratio of 5.41 and a beta of 0.80. The company’s 50 day moving average price is $72.68 and its two-hundred day moving average price is $62.71. Ball has a one year low of $39.99 and a one year high of $79.77. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.81 and a current ratio of 1.10.
Ball (NYSE:BLL) last posted its earnings results on Thursday, August 1st. The industrial products company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.01). The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.03 billion. Ball had a net margin of 4.54% and a return on equity of 21.32%. The business’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 EPS. Research analysts predict that Ball will post 2.58 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a $0.15 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.60 dividend on an annualized basis and a yield of 0.75%. Ball’s dividend payout ratio (DPR) is presently 27.27%.
Ball Corp. provides metal packaging for beverages, foods and household products, and of aerospace and other technologies and services to commercial and governmental customers. It operates through the following business segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.
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