Ball Co. (NYSE:BLL) has received a consensus rating of “Hold” from the seventeen research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $58.74.
BLL has been the topic of a number of recent research reports. Vertical Research lowered shares of Ball from a “hold” rating to a “sell” rating in a research report on Monday, July 8th. Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. BMO Capital Markets restated a “hold” rating on shares of Snc-Lavalin Group in a research report on Monday, April 8th. KeyCorp restated a “hold” rating on shares of Ball in a research report on Thursday, May 2nd. Finally, Morgan Stanley restated a “top pick” rating on shares of in a research report on Wednesday, June 5th.
BLL traded down $0.20 on Tuesday, reaching $70.70. 2,067,592 shares of the company’s stock were exchanged, compared to its average volume of 2,469,747. The firm has a market capitalization of $23.67 billion, a PE ratio of 32.14, a PEG ratio of 4.95 and a beta of 0.81. Ball has a twelve month low of $37.42 and a twelve month high of $72.34. The business has a fifty day moving average price of $67.72. The company has a current ratio of 1.09, a quick ratio of 0.77 and a debt-to-equity ratio of 1.84.
Ball (NYSE:BLL) last posted its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.01). The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.66 billion. Ball had a return on equity of 20.39% and a net margin of 3.83%. The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Analysts expect that Ball will post 2.6 EPS for the current year.
In other Ball news, Chairman John A. Hayes sold 9,523 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $70.98, for a total value of $675,942.54. Following the transaction, the chairman now directly owns 437,979 shares in the company, valued at approximately $31,087,749.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John A. Hayes sold 9,111 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $61.66, for a total transaction of $561,784.26. Following the completion of the transaction, the chairman now owns 472,141 shares in the company, valued at $29,112,214.06. The disclosure for this sale can be found here. Insiders sold a total of 42,078 shares of company stock worth $2,746,288 over the last quarter. 1.80% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Global Retirement Partners LLC raised its stake in shares of Ball by 281.1% in the 4th quarter. Global Retirement Partners LLC now owns 644 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 475 shares during the period. Massey Quick Simon & CO. LLC purchased a new stake in shares of Ball in the 1st quarter valued at approximately $30,000. Pearl River Capital LLC purchased a new stake in shares of Ball in the 1st quarter valued at approximately $30,000. YorkBridge Wealth Partners LLC purchased a new stake in shares of Ball in the 1st quarter valued at approximately $56,000. Finally, Larson Financial Group LLC purchased a new stake in shares of Ball in the 2nd quarter valued at approximately $56,000. Institutional investors own 81.97% of the company’s stock.
Ball Company Profile
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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