UBS Group Reiterates $52.00 Price Target for Ball (BLL)

UBS Group set a $52.00 price objective on Ball (NYSE:BLL) in a research report released on Friday, www.stocktargetadvisor.com reports. The firm currently has a buy rating on the industrial products company’s stock.

BLL has been the subject of a number of other reports. Royal Bank of Canada reiterated a buy rating and set a $47.00 price objective on shares of Ball in a report on Monday, August 6th. ValuEngine upgraded Ball from a strong sell rating to a sell rating in a report on Friday, August 3rd. BMO Capital Markets reiterated an outperform rating and set a $52.00 price objective on shares of Ball in a report on Thursday, October 4th. Deutsche Bank set a $51.00 price objective on Ball and gave the stock a buy rating in a report on Thursday, October 4th. Finally, Barclays increased their price objective on Ball from $42.00 to $43.00 and gave the stock an equal weight rating in a report on Thursday, August 9th. Two research 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’s stock. The stock presently has an average rating of Buy and an average target price of $47.23.

NYSE:BLL opened at $46.35 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. The stock has a market cap of $15.13 billion, a P/E ratio of 22.69, a PEG ratio of 3.56 and a beta of 0.89. Ball has a 52-week low of $34.71 and a 52-week high of $46.69.

Ball (NYSE:BLL) last posted its quarterly earnings data on Thursday, August 2nd. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.58. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.01 billion. Ball had a return on equity of 19.93% and a net margin of 4.12%. Ball’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. On average, research analysts predict that Ball will post 2.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Shareholders of record on Tuesday, September 4th were paid a $0.10 dividend. The ex-dividend date was Friday, August 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.86%. Ball’s dividend payout ratio is 19.61%.

In other Ball news, VP Scott C. Morrison sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 30,392 shares in the company, valued at $1,349,404.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman John A. Hayes sold 96,667 shares of the firm’s stock in a transaction that occurred on 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 owns 471,228 shares of the company’s stock, valued at $20,262,804. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.

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

About Ball

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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