Ball Co. (NYSE:BLL) has received a consensus recommendation of “Hold” from the sixteen analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $46.27.
BLL has been the subject of a number of analyst reports. TheStreet raised shares of Ball from a “c+” rating to a “b-” rating in a research report on Tuesday, March 6th. Citigroup raised shares of Ball from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Wednesday, January 17th. JPMorgan Chase reaffirmed an “overweight” rating and issued a $48.00 price target (up previously from $47.00) on shares of Ball in a report on Thursday, February 8th. BMO Capital Markets raised shares of Ball from a “market perform” rating to an “outperform” rating and set a $48.00 price target for the company in a report on Monday, December 4th. Finally, KeyCorp raised shares of Ball from an “underweight” rating to a “sector weight” rating in a report on Monday, February 12th.
NYSE:BLL traded up $0.52 during midday trading on Wednesday, reaching $39.71. 1,912,237 shares of the stock traded hands, compared to its average volume of 2,596,029. Ball has a 12-month low of $35.60 and a 12-month high of $43.24. The company has a quick ratio of 0.54, a current ratio of 0.92 and a debt-to-equity ratio of 1.61. The stock has a market capitalization of $13,916.05, a price-to-earnings ratio of 19.47, a PEG ratio of 3.13 and a beta of 0.88.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were issued a $0.10 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.01%. Ball’s dividend payout ratio is currently 19.61%.
In other news, VP Scott C. Morrison sold 2,228 shares of the stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $39.89, for a total value of $88,874.92. Following the sale, the vice president now owns 408,215 shares in the company, valued at $16,283,696.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Scott C. Morrison sold 2,591 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $38.62, for a total transaction of $100,064.42. Following the completion of the sale, the vice president now owns 390,052 shares in the company, valued at approximately $15,063,808.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,556 shares of company stock valued at $1,904,836. Corporate insiders own 2.70% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Ball by 0.9% in the fourth quarter. BlackRock Inc. now owns 21,323,444 shares of the industrial products company’s stock worth $807,092,000 after acquiring an additional 196,683 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Ball by 1.6% in the third quarter. JPMorgan Chase & Co. now owns 15,182,399 shares of the industrial products company’s stock worth $628,855,000 after acquiring an additional 246,397 shares during the period. Janus Henderson Group PLC increased its stake in shares of Ball by 3.4% in the third quarter. Janus Henderson Group PLC now owns 4,271,901 shares of the industrial products company’s stock worth $176,431,000 after acquiring an additional 139,329 shares during the period. Geode Capital Management LLC increased its stake in shares of Ball by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 3,604,828 shares of the industrial products company’s stock worth $136,151,000 after acquiring an additional 107,046 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Ball by 5.6% in the fourth quarter. Bank of New York Mellon Corp now owns 3,383,906 shares of the industrial products company’s stock worth $128,081,000 after acquiring an additional 179,952 shares during the period. Hedge funds and other institutional investors own 88.68% of the company’s stock.
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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