Ball (NYSE:BLL) had its price target increased by Citigroup from $69.00 to $81.00 in a report released on Thursday, BenzingaRatingsTable reports. They currently have a buy rating on the industrial products company’s stock.
A number of other research analysts also recently weighed in on the company. Morgan Stanley reaffirmed a top pick rating on shares of in a research note on Wednesday, June 5th. KeyCorp reaffirmed a hold rating on shares of Ball in a research note on Thursday, May 2nd. Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a buy rating to a hold rating in a research note on Tuesday, May 7th. BMO Capital Markets reaffirmed a hold rating on shares of Snc-Lavalin Group in a research note on Monday, April 8th. Finally, Vertical Research downgraded Ball from a hold rating to a sell rating in a research note on Monday, July 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $58.01.
BLL stock opened at $70.00 on Thursday. The business’s 50 day moving average price is $66.51. Ball has a fifty-two week low of $37.24 and a fifty-two week high of $72.34. The company has a current ratio of 1.09, a quick ratio of 0.77 and a debt-to-equity ratio of 1.84. The firm has a market cap of $23.43 billion, a P/E ratio of 32.11, a P/E/G ratio of 4.87 and a beta of 0.81.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.15 per share. This is a positive change from Ball’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Friday, May 31st. Ball’s payout ratio is currently 27.27%.
In other Ball news, VP Scott C. Morrison sold 2,897 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $63.06, for a total transaction of $182,684.82. Following the completion of the sale, the vice president now directly owns 441,271 shares of the company’s stock, valued at approximately $27,826,549.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John A. Hayes sold 9,523 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $70.98, for a total value of $675,942.54. Following the sale, the chairman now directly owns 437,979 shares of the company’s stock, valued at $31,087,749.42. The disclosure for this sale can be found here. Insiders have sold a total of 42,078 shares of company stock valued at $2,746,288 over the last three months. Corporate insiders own 1.80% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of BLL. BlackRock Inc. grew its holdings in shares of Ball by 2.7% in the first quarter. BlackRock Inc. now owns 22,146,380 shares of the industrial products company’s stock valued at $1,281,389,000 after acquiring an additional 580,211 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Ball by 7.6% in the fourth quarter. Geode Capital Management LLC now owns 4,417,275 shares of the industrial products company’s stock valued at $202,755,000 after acquiring an additional 311,457 shares in the last quarter. Jackson Square Partners LLC bought a new position in shares of Ball in the first quarter valued at approximately $254,594,000. Norges Bank bought a new position in shares of Ball in the fourth quarter valued at approximately $137,213,000. Finally, Iridian Asset Management LLC CT grew its holdings in shares of Ball by 6.4% in the first quarter. Iridian Asset Management LLC CT now owns 2,907,923 shares of the industrial products company’s stock valued at $168,252,000 after acquiring an additional 174,158 shares in the last quarter. 82.13% of the stock is owned by hedge funds and other institutional investors.
Ball Corp. provides metal packaging for beverages, foods and household products, and of aerospace and other technologies and services to commercial and governmental customers. It operates through the following business segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.
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