Ball Corporation (BLL) Research Coverage Started at Royal Bank Of Canada

Royal Bank Of Canada started coverage on shares of Ball Corporation (NYSE:BLL) in a research report released on Monday, Marketbeat reports. The firm issued an outperform rating and a $46.00 target price on the industrial products company’s stock.

BLL has been the topic of a number of other research reports. Zacks Investment Research raised shares of Ball Corporation from a hold rating to a buy rating and set a $47.00 target price on the stock in a research report on Tuesday, July 4th. Jefferies Group LLC reaffirmed a buy rating and set a $49.00 target price (down previously from $50.00) on shares of Ball Corporation in a research report on Wednesday, August 9th. BidaskClub raised shares of Ball Corporation from a hold rating to a buy rating in a research report on Tuesday, July 25th. KeyCorp reaffirmed a hold rating on shares of Ball Corporation in a research report on Wednesday, October 4th. Finally, Barclays PLC boosted their target price on shares of Ball Corporation from $40.00 to $42.00 and gave the stock an equal weight rating in a research report on Monday, August 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Ball Corporation currently has a consensus rating of Hold and a consensus target price of $44.15.

Ball Corporation (NYSE:BLL) traded down 0.07% on Monday, reaching $42.27. 32,195 shares of the company’s stock were exchanged. Ball Corporation has a 12 month low of $35.65 and a 12 month high of $43.06. The stock has a market capitalization of $14.80 billion, a PE ratio of 51.87 and a beta of 0.97. The firm has a 50 day moving average of $40.69 and a 200 day moving average of $40.23.

Ball Corporation (NYSE:BLL) last released its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.02). Ball Corporation had a net margin of 1.70% and a return on equity of 17.63%. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the business earned $1.05 EPS. The company’s revenue for the quarter was up 40.6% compared to the same quarter last year. Equities analysts predict that Ball Corporation will post $2.04 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, August 30th. Ball Corporation’s dividend payout ratio (DPR) is presently 78.43%.

In other Ball Corporation news, SVP Lisa Ann Pauley sold 37,984 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $42.03, for a total value of $1,596,467.52. Following the sale, the senior vice president now owns 108,905 shares of the company’s stock, valued at approximately $4,577,277.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jeff A. Knobel sold 5,218 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $40.12, for a total transaction of $209,346.16. Following the completion of the sale, the vice president now directly owns 68,138 shares in the company, valued at approximately $2,733,696.56. The disclosure for this sale can be found here. Insiders sold a total of 129,601 shares of company stock worth $5,260,953 in the last three months. Insiders own 2.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in BLL. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Ball Corporation by 100.0% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,450 shares of the industrial products company’s stock valued at $103,000 after buying an additional 1,225 shares during the period. Tower Research Capital LLC TRC increased its holdings in Ball Corporation by 5,297.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,483 shares of the industrial products company’s stock valued at $104,000 after buying an additional 2,437 shares during the period. American Research & Management Co. increased its holdings in Ball Corporation by 100.0% in the 2nd quarter. American Research & Management Co. now owns 2,800 shares of the industrial products company’s stock valued at $118,000 after buying an additional 1,400 shares during the period. Korea Investment CORP increased its holdings in Ball Corporation by 385.5% in the 2nd quarter. Korea Investment CORP now owns 3,083 shares of the industrial products company’s stock valued at $130,000 after buying an additional 2,448 shares during the period. Finally, Ledyard National Bank increased its holdings in Ball Corporation by 520.0% in the 2nd quarter. Ledyard National Bank now owns 3,100 shares of the industrial products company’s stock valued at $131,000 after buying an additional 2,600 shares during the period. 86.43% of the stock is currently owned by hedge funds and other institutional investors.

Ball Corporation Company Profile

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.

Analyst Recommendations for Ball Corporation (NYSE:BLL)

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