Ball Co. (BLL) Receives $48.45 Average Target Price from Brokerages

Ball Co. (NYSE:BLL) has been assigned an average rating of “Buy” from the fifteen brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $48.45.

Several equities analysts recently weighed in on the company. Royal Bank of Canada reiterated a “buy” rating and set a $47.00 target price on shares of Ball in a research report on Monday, August 6th. ValuEngine upgraded Ball from a “strong sell” rating to a “sell” rating in a research report on Friday, August 3rd. BMO Capital Markets reiterated an “outperform” rating and set a $52.00 target price on shares of Ball in a research report on Thursday, October 4th. UBS Group set a $52.00 price objective on Ball and gave the stock a “buy” rating in a report on Friday, October 5th. Finally, Deutsche Bank set a $51.00 price objective on Ball and gave the stock a “buy” rating in a report on Thursday, October 4th.

In other news, Chairman John A. Hayes sold 96,667 shares of the stock in a transaction dated 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 completion of the sale, the chairman now owns 471,228 shares in the company, valued at $20,262,804. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Scott C. Morrison sold 25,000 shares of the stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $44.40, for a total value of $1,110,000.00. Following the completion of the sale, the vice president now owns 30,392 shares of the company’s stock, valued at approximately $1,349,404.80. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of BLL. Adviser Investments LLC acquired a new stake in shares of Ball in the second quarter valued at about $106,000. Piedmont Investment Advisors LLC acquired a new stake in Ball during the 2nd quarter valued at approximately $145,000. Creative Planning acquired a new stake in Ball during the 2nd quarter valued at approximately $215,000. Visionary Asset Management Inc. acquired a new stake in Ball during the 3rd quarter valued at approximately $220,000. Finally, Cozad Asset Management Inc. acquired a new stake in Ball during the 2nd quarter valued at approximately $254,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

NYSE BLL traded up $0.30 during trading hours on Friday, hitting $46.40. 162,182 shares of the company’s stock were exchanged, compared to its average volume of 2,937,372. Ball has a 12-month low of $34.71 and a 12-month high of $46.69. The company has a market capitalization of $15.13 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 3.56 and a beta of 0.89. The company has a current ratio of 1.23, a quick ratio of 0.92 and a debt-to-equity ratio of 1.79.

Ball (NYSE:BLL) last released its earnings results on Thursday, August 2nd. The industrial products company reported $0.58 earnings per share for the quarter, hitting the Thomson Reuters’ 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 the consensus estimate of $3.01 billion. During the same period in the prior year, the business posted $0.53 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts predict that Ball will post 2.24 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th were paid a $0.10 dividend. 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 0.86%. Ball’s dividend payout ratio (DPR) is currently 19.61%.

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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Analyst Recommendations for Ball (NYSE:BLL)

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