Somewhat Favorable News Coverage Somewhat Unlikely to Impact Ball Corporation (BLL) Stock Price
News articles about Ball Corporation (NYSE:BLL) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ball Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 45.0914896543875 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- Ball Corp. : BLL-US: Dividend Analysis : September 01st, 2017 (record date) : By the numbers : September 22, 2017 (finance.yahoo.com)
- ETFs with exposure to Ball Corp. : September 22, 2017 (finance.yahoo.com)
- Insider Selling: Ball Corporation (BLL) SVP Sells 17,090 Shares of Stock (americanbankingnews.com)
- 6 Reasons to Dump Ball Corporation (BLL) Stock Right Now (finance.yahoo.com)
- Technical Insights on Packaging & Containers Stocks — Silgan, Ball, Crown, and Packaging Corp. (bizjournals.com)
A number of equities analysts have commented on BLL shares. Vertical Group restated a “hold” rating and issued a $43.00 price target (up from $41.50) on shares of Ball Corporation in a research report on Wednesday, August 9th. Deutsche Bank AG restated a “buy” rating and issued a $47.00 price target (up from $44.00) on shares of Ball Corporation in a research report on Tuesday, July 18th. BidaskClub lowered shares of Ball Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Barclays PLC boosted their price target on shares of Ball Corporation from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $50.00 price target (up from $47.00) on shares of Ball Corporation in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $44.05.
Shares of Ball Corporation (BLL) opened at 41.00 on Friday. Ball Corporation has a 1-year low of $35.65 and a 1-year high of $43.06. The company has a market capitalization of $14.42 billion, a P/E ratio of 58.16 and a beta of 0.96. The company’s 50 day moving average is $40.28 and its 200-day moving average is $39.74.
Ball Corporation (NYSE:BLL) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). Ball Corporation had a return on equity of 17.63% and a net margin of 1.70%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. The firm’s quarterly revenue was up 40.6% on a year-over-year basis. On average, equities research analysts forecast that Ball Corporation will post $2.03 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 0.98%. Ball Corporation’s payout ratio is 78.43%.
In other Ball Corporation news, SVP Lisa Ann Pauley sold 17,090 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $40.79, for a total transaction of $697,101.10. Following the completion of the transaction, the senior vice president now owns 108,923 shares in the company, valued at approximately $4,442,969.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman John A. Hayes sold 5,683 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $42.23, for a total transaction of $239,993.09. Following the transaction, the chairman now owns 407,562 shares of the company’s stock, valued at approximately $17,211,343.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,665 shares of company stock valued at $5,265,060. Company insiders own 2.70% of the company’s stock.
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About Ball Corporation
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.
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