Ball Co. (NYSE:BLL) has been assigned a consensus rating of “Buy” from the sixteen brokerages that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $51.73.

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada boosted their target price on Ball from $47.00 to $53.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 6th. UBS Group set a $52.00 target price on Ball and gave the stock a “buy” rating in a research report on Friday, October 5th. Deutsche Bank set a $51.00 target price on Ball and gave the stock a “buy” rating in a research report on Thursday, October 4th. Wells Fargo & Co boosted their target price on Ball from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 3rd. Finally, Vertical Group downgraded Ball from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd.

Shares of BLL stock traded down $0.33 on Monday, reaching $48.39. 4,138,474 shares of the stock were exchanged, compared to its average volume of 3,297,334. The company has a market cap of $16.53 billion, a P/E ratio of 23.72, a PEG ratio of 4.01 and a beta of 0.75. Ball has a one year low of $34.71 and a one year high of $50.98. The company has a quick ratio of 0.69, a current ratio of 1.01 and a debt-to-equity ratio of 1.74.

Ball (NYSE:BLL) last released its earnings results on Thursday, November 1st. The industrial products company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.04). The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.80 billion. Ball had a return on equity of 20.02% and a net margin of 4.21%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 EPS. As a group, equities research analysts anticipate that Ball will post 2.21 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be issued a $0.10 dividend. The ex-dividend date is Friday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.83%. Ball’s dividend payout ratio is presently 19.61%.

In other Ball news, VP Charles E. Baker sold 16,647 shares of the business’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $50.50, for a total value of $840,673.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John A. Hayes sold 96,667 shares of the business’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $43.00, for a total value of $4,156,681.00. Following the completion of the transaction, the chairman now directly owns 471,228 shares of the company’s stock, valued at $20,262,804. The disclosure for this sale can be found here. Insiders sold 145,213 shares of company stock valued at $6,434,505 in the last quarter. 2.70% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of BLL. Dodge & Cox acquired a new position in Ball in the third quarter valued at about $155,286,000. Thompson Siegel & Walmsley LLC boosted its position in shares of Ball by 5,484.2% during the second quarter. Thompson Siegel & Walmsley LLC now owns 2,024,059 shares of the industrial products company’s stock worth $71,956,000 after buying an additional 1,987,813 shares during the period. Putnam Investments LLC boosted its position in shares of Ball by 24.1% during the third quarter. Putnam Investments LLC now owns 5,111,702 shares of the industrial products company’s stock worth $224,864,000 after buying an additional 993,028 shares during the period. Janus Henderson Group PLC boosted its position in shares of Ball by 11.9% during the second quarter. Janus Henderson Group PLC now owns 8,577,094 shares of the industrial products company’s stock worth $304,917,000 after buying an additional 915,131 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Ball by 36.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,038,518 shares of the industrial products company’s stock worth $72,465,000 after buying an additional 548,699 shares during the period. 88.48% of the stock is owned by hedge funds and other institutional investors.

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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