Ball Co. (NYSE:BLL) Given Average Rating of “Hold” by Brokerages

Ball Co. (NYSE:BLLGet Rating) has received an average rating of “Hold” from the seventeen research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $103.33.

BLL has been the subject of several recent research reports. Morgan Stanley lowered shares of Ball from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $110.00 to $100.00 in a report on Thursday, January 20th. They noted that the move was a valuation call. Mizuho boosted their price target on shares of Ball from $102.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, January 28th. Northland Securities boosted their price target on shares of Ball from $115.00 to $130.00 in a report on Friday, January 28th. BMO Capital Markets raised shares of Ball from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $87.00 to $105.00 in a report on Thursday, March 3rd. Finally, StockNews.com lowered shares of Ball from a “hold” rating to a “sell” rating in a report on Thursday.

NYSE:BLL opened at $76.80 on Friday. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.88 and a quick ratio of 0.58. The firm has a market cap of $24.67 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 4.04 and a beta of 0.55. The company has a 50 day moving average price of $88.04 and a 200-day moving average price of $90.71. Ball has a 1-year low of $74.13 and a 1-year high of $98.09.

Ball (NYSE:BLLGet Rating) last posted its earnings results on Thursday, May 5th. The industrial products company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.06). The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.52 billion. Ball had a net margin of 6.36% and a return on equity of 31.47%. Ball’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same period last year, the firm earned $0.72 earnings per share. On average, sell-side analysts anticipate that Ball will post 3.99 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Tuesday, May 31st. Ball’s dividend payout ratio (DPR) is 30.19%.

In related news, SVP Stacey J. Panayiotou bought 6,000 shares of the stock in a transaction on Monday, February 28th. The stock was bought at an average price of $88.91 per share, with a total value of $533,460.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Betty J. Sapp bought 1,362 shares of the stock in a transaction on Thursday, March 10th. The shares were bought at an average cost of $85.55 per share, with a total value of $116,519.10. The disclosure for this purchase can be found here. Insiders purchased 15,862 shares of company stock valued at $1,381,499 in the last three months. 1.40% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of BLL. WASHINGTON TRUST Co raised its holdings in Ball by 100.0% in the first quarter. WASHINGTON TRUST Co now owns 2,868 shares of the industrial products company’s stock valued at $258,000 after acquiring an additional 1,434 shares in the last quarter. Simon Quick Advisors LLC raised its holdings in Ball by 9.1% in the first quarter. Simon Quick Advisors LLC now owns 36,172 shares of the industrial products company’s stock valued at $3,255,000 after acquiring an additional 3,004 shares in the last quarter. First Foundation Advisors raised its holdings in Ball by 0.3% in the first quarter. First Foundation Advisors now owns 169,378 shares of the industrial products company’s stock valued at $15,244,000 after acquiring an additional 537 shares in the last quarter. Resources Investment Advisors LLC. acquired a new stake in Ball in the first quarter valued at approximately $353,000. Finally, National Bank of Canada FI raised its holdings in Ball by 48.1% in the first quarter. National Bank of Canada FI now owns 21,065 shares of the industrial products company’s stock valued at $1,878,000 after acquiring an additional 6,839 shares in the last quarter. 82.64% of the stock is currently owned by institutional investors and hedge funds.

About Ball (Get Rating)

Ball Corp. provides metal packaging for beverages, foods, and household products. It operates through the following business segments: Beverage Packaging North and Central America, Beverage Packaging South America, Beverage Packaging Europe, Middle East and Africa (EMEA), and Aerospace. The Beverage Packaging North and Central America segment includes multi-year supply contracts to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.

Featured Articles

Analyst Recommendations for Ball (NYSE:BLL)

Receive News & Ratings for Ball Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball and related companies with MarketBeat.com's FREE daily email newsletter.