Ball (BLL) Stock Rating Reaffirmed by BMO Capital Markets

BMO Capital Markets restated their outperform rating on shares of Ball (NYSE:BLL) in a research note released on Thursday morning, The Fly reports. The firm currently has a $52.00 price objective on the industrial products company’s stock.

BLL has been the subject of a number of other reports. Bank of America increased their price target on Ball from $44.00 to $50.00 and gave the stock a buy rating in a report on Monday, September 24th. Wells Fargo & Co raised their target price on Ball from $45.00 to $50.00 and gave the company an outperform rating in a report on Wednesday, October 3rd. Royal Bank of Canada restated a buy rating and set a $47.00 target price on shares of Ball in a report on Monday, August 6th. Zacks Investment Research cut Ball from a hold rating to a sell rating in a report on Wednesday, July 4th. Finally, Citigroup lowered their target price on Ball from $45.00 to $44.00 and set a buy rating for the company in a report on Tuesday, July 10th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $47.23.

NYSE BLL opened at $45.93 on Thursday. The firm has a market cap of $15.13 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 3.56 and a beta of 0.89. The company has a debt-to-equity ratio of 1.79, a current ratio of 1.23 and a quick ratio of 0.92. Ball has a twelve month low of $34.71 and a twelve month high of $46.18.

Ball (NYSE:BLL) last released its quarterly earnings results on Thursday, August 2nd. The industrial products company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Ball had a return on equity of 19.93% and a net margin of 4.12%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 EPS. As a group, equities analysts expect that Ball will post 2.24 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Friday, August 31st. Ball’s dividend payout ratio (DPR) is 19.61%.

In other Ball news, VP Scott C. Morrison sold 25,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,349,404.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman John A. Hayes sold 96,667 shares of the 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 sale, the chairman now directly owns 471,228 shares in the company, valued at approximately $20,262,804. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. BB&T Securities LLC raised its position in Ball by 4.8% in the 2nd quarter. BB&T Securities LLC now owns 28,879 shares of the industrial products company’s stock valued at $1,026,000 after purchasing an additional 1,313 shares in the last quarter. Isthmus Partners LLC raised its position in shares of Ball by 0.8% during the 2nd quarter. Isthmus Partners LLC now owns 159,338 shares of the industrial products company’s stock worth $5,664,000 after acquiring an additional 1,317 shares in the last quarter. Parkwood LLC raised its position in shares of Ball by 13.9% during the 2nd quarter. Parkwood LLC now owns 11,538 shares of the industrial products company’s stock worth $410,000 after acquiring an additional 1,410 shares in the last quarter. Sumitomo Life Insurance Co. raised its position in shares of Ball by 4.8% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 31,755 shares of the industrial products company’s stock worth $1,129,000 after acquiring an additional 1,466 shares in the last quarter. Finally, Nomura Holdings Inc. raised its position in shares of Ball by 5.7% during the 2nd quarter. Nomura Holdings Inc. now owns 29,065 shares of the industrial products company’s stock worth $1,034,000 after acquiring an additional 1,558 shares in the last quarter. 85.65% of the stock is currently owned by 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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The Fly

Analyst Recommendations for Ball (NYSE:BLL)

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