Brokerages Set Ball Co. (NYSE:BLL) PT at $77.03

Ball Co. (NYSE:BLL) has been assigned an average rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $77.03.

BLL has been the topic of several analyst reports. Vertical Research raised Ball from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Wells Fargo & Co reaffirmed a “hold” rating on shares of Ball in a report on Friday, November 1st. UBS Group raised their target price on Ball from $60.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. ValuEngine lowered Ball from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of Ball in a report on Friday, August 2nd.

Shares of BLL stock traded down $1.28 during mid-day trading on Monday, reaching $66.16. The stock had a trading volume of 1,552,774 shares, compared to its average volume of 2,324,717. The business’s fifty day moving average is $69.91 and its 200-day moving average is $70.45. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 1.91. The firm has a market cap of $22.11 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 4.72 and a beta of 0.72. Ball has a 1-year low of $42.24 and a 1-year high of $81.88.

Ball (NYSE:BLL) last announced its quarterly earnings data on Thursday, October 31st. The industrial products company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3.05 billion. Ball had a net margin of 4.82% and a return on equity of 22.86%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. On average, analysts forecast that Ball will post 2.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.91%. The ex-dividend date is Friday, November 29th. Ball’s dividend payout ratio (DPR) is 27.27%.

In other Ball news, Chairman John A. Hayes sold 15,560 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $67.58, for a total transaction of $1,051,544.80. Following the transaction, the chairman now owns 438,296 shares in the company, valued at $29,620,043.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John A. Hayes sold 9,465 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $66.48, for a total value of $629,233.20. Following the transaction, the chairman now owns 438,296 shares in the company, valued at approximately $29,137,918.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,213 shares of company stock worth $5,270,617. 1.80% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Ball by 0.4% during the second quarter. Vanguard Group Inc. now owns 38,877,836 shares of the industrial products company’s stock worth $2,721,060,000 after purchasing an additional 139,324 shares in the last quarter. BlackRock Inc. boosted its position in Ball by 3.2% during the second quarter. BlackRock Inc. now owns 22,850,210 shares of the industrial products company’s stock worth $1,599,286,000 after purchasing an additional 703,830 shares in the last quarter. Morgan Stanley boosted its position in Ball by 448.7% during the second quarter. Morgan Stanley now owns 4,160,497 shares of the industrial products company’s stock worth $291,191,000 after purchasing an additional 3,402,247 shares in the last quarter. Bank of America Corp DE boosted its position in Ball by 19.6% during the second quarter. Bank of America Corp DE now owns 3,865,420 shares of the industrial products company’s stock worth $270,541,000 after purchasing an additional 632,619 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Ball by 0.4% during the second quarter. Northern Trust Corp now owns 3,733,953 shares of the industrial products company’s stock worth $261,340,000 after purchasing an additional 16,255 shares in the last quarter. Institutional investors own 84.94% of the company’s stock.

About Ball

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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Analyst Recommendations for Ball (NYSE:BLL)

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