Ball (NYSE:BLL) had its target price raised by Bank of America from $44.00 to $50.00 in a report released on Monday morning. They currently have a buy rating on the industrial products company’s stock.

Other equities analysts have also recently issued research reports about the company. TheStreet raised Ball from a c+ rating to a b- rating in a report on Wednesday, August 1st. Citigroup lowered their price target on Ball from $45.00 to $44.00 and set a buy rating for the company in a report on Tuesday, July 10th. Royal Bank of Canada reissued a buy rating and set a $47.00 price target on shares of Ball in a report on Monday, August 6th. Barclays boosted their price target on Ball from $42.00 to $43.00 and gave the stock an equal weight rating in a report on Thursday, August 9th. Finally, Zacks Investment Research raised Ball from a sell rating to a hold rating in a report on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $45.64.

Shares of NYSE BLL opened at $44.86 on Monday. The company has a quick ratio of 0.92, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. Ball has a fifty-two week low of $34.71 and a fifty-two week high of $45.21. The firm has a market capitalization of $15.33 billion, a price-to-earnings ratio of 21.99, a P/E/G ratio of 3.60 and a beta of 0.88.

Ball (NYSE:BLL) last posted its quarterly earnings results on Thursday, August 2nd. The industrial products company reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. Ball had a return on equity of 19.93% and a net margin of 4.12%. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the firm earned $0.53 EPS. Ball’s revenue was up 8.6% on a year-over-year basis. equities research analysts forecast that Ball will post 2.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 18th. Investors 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 yield of 0.89%. Ball’s dividend payout ratio is currently 19.61%.

In related news, Chairman John A. Hayes sold 96,667 shares of the business’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $43.00, for a total transaction of $4,156,681.00. Following the sale, the chairman now owns 471,228 shares in the company, valued at approximately $20,262,804. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Scott C. Morrison sold 25,000 shares of the business’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $44.40, for a total value of $1,110,000.00. Following the sale, the vice president now owns 30,392 shares in the company, valued at approximately $1,349,404.80. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of BLL. US Bancorp DE grew its position in Ball by 26.1% during the 1st quarter. US Bancorp DE now owns 16,853 shares of the industrial products company’s stock worth $669,000 after acquiring an additional 3,484 shares during the last quarter. Glen Harbor Capital Management LLC grew its position in Ball by 8.6% during the 1st quarter. Glen Harbor Capital Management LLC now owns 22,372 shares of the industrial products company’s stock worth $889,000 after acquiring an additional 1,768 shares during the last quarter. BlackRock Inc. grew its position in Ball by 0.9% during the 1st quarter. BlackRock Inc. now owns 21,517,763 shares of the industrial products company’s stock worth $854,472,000 after acquiring an additional 194,319 shares during the last quarter. Candriam Luxembourg S.C.A. grew its position in Ball by 10.5% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 48,382 shares of the industrial products company’s stock worth $1,921,000 after acquiring an additional 4,615 shares during the last quarter. Finally, Toronto Dominion Bank grew its position in Ball by 25.1% during the 1st quarter. Toronto Dominion Bank now owns 188,046 shares of the industrial products company’s stock worth $7,466,000 after acquiring an additional 37,745 shares during the last quarter. Institutional investors and hedge funds own 85.61% of the company’s stock.

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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