Ball (BLL) Receives Coverage Optimism Rating of 0.13
News coverage about Ball (NYSE:BLL) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ball earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.496628978741 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Here’s Why You Should Hold on to Ball Corporation for Now – Nasdaq (nasdaq.com)
- Green Spirit Industries Inc. Acquires Majority Stake in Manufacturer of Cannabinoid Products Spirulinex, LLC (feeds.benzinga.com)
- Ball Co. (BLL) VP Scott C. Morrison Sells 2,228 Shares (americanbankingnews.com)
- Here's Why You Should Hold on to Ball Corporation for Now (finance.yahoo.com)
- Randall’s Island Park Alliance Fielding Dreams Gala 2018 (prnewswire.com)
Several brokerages recently commented on BLL. JPMorgan Chase & Co. restated an “overweight” rating and issued a $48.00 price target (up previously from $47.00) on shares of Ball in a research report on Thursday, February 8th. KeyCorp downgraded shares of Ball from a “sector weight” rating to an “underweight” rating and reduced their price target for the company from $40.81 to $36.00 in a research report on Friday, December 8th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Ball from a “hold” rating to a “sell” rating in a research report on Monday, January 29th. BMO Capital Markets upgraded shares of Ball from a “market perform” rating to an “outperform” rating and set a $48.00 price target for the company in a research report on Monday, December 4th. Finally, Vertical Research upgraded shares of Ball from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Friday, December 15th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. Ball currently has a consensus rating of “Hold” and a consensus target price of $45.62.
Ball (NYSE:BLL) last released its earnings results on Wednesday, February 7th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. Ball had a net margin of 3.63% and a return on equity of 19.24%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. analysts expect that Ball will post 2.3 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.00%. Ball’s payout ratio is 35.71%.
In other Ball news, Director R David Hoover sold 2,200 shares of the stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $40.71, for a total value of $89,562.00. Following the completion of the sale, the director now owns 194,594 shares in the company, valued at approximately $7,921,921.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Scott C. Morrison sold 2,228 shares of the stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $39.89, for a total transaction of $88,874.92. Following the transaction, the vice president now owns 408,215 shares in the company, valued at approximately $16,283,696.35. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,556 shares of company stock valued at $1,904,836. Insiders own 2.70% of the company’s stock.
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Ball 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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