Ball (BLL) Receiving Somewhat Favorable News Coverage, Analysis Shows
News headlines about Ball (NYSE:BLL) have trended somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ball earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.3383407976683 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s scoring:
- Ballard Announces Planned Deployment of 500 Fuel Cell Commercial Trucks in Shanghai (prnewswire.com)
- Brokers Set Expectations for Ball Co.’s Q1 2018 Earnings (BLL) (americanbankingnews.com)
- Ball (BLL) Stock Rating Upgraded by KeyCorp (americanbankingnews.com)
- Hot Stock under Review – Ball Corporation (NYSE: BLL) – Alpha Beta Stock (alphabetastock.com)
- Analyst Drops Bearish Ball Corp. Thesis After EPS, Sales Beat (finance.yahoo.com)
Shares of Ball (NYSE BLL) traded up $0.23 on Tuesday, hitting $37.76. The company had a trading volume of 3,650,000 shares, compared to its average volume of 3,760,000. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.92 and a quick ratio of 0.55. Ball has a 1-year low of $35.60 and a 1-year high of $43.24. The firm has a market cap of $13,220.00, a price-to-earnings ratio of 33.71, a PEG ratio of 3.05 and a beta of 0.97.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.06%. Ball’s dividend payout ratio is presently 35.71%.
Several equities analysts have recently issued reports on the company. KeyCorp upgraded Ball from an “underweight” rating to a “sector weight” rating in a research report on Monday. JPMorgan Chase & Co. restated an “overweight” rating and set a $48.00 target price (up from $47.00) on shares of Ball in a research report on Thursday, February 8th. Zacks Investment Research lowered Ball from a “hold” rating to a “sell” rating in a research report on Monday, January 29th. Citigroup upgraded Ball from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Wednesday, January 17th. Finally, TheStreet lowered Ball from a “b-” rating to a “c+” rating in a research report on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $45.21.
In other Ball news, COO James N. Peterson sold 1,349 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $38.05, for a total value of $51,329.45. Following the sale, the chief operating officer now owns 38,008 shares in the company, valued at approximately $1,446,204.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman John A. Hayes sold 5,519 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $40.74, for a total value of $224,844.06. Following the completion of the sale, the chairman now owns 408,451 shares in the company, valued at approximately $16,640,293.74. The disclosure for this sale can be found here. Insiders sold a total of 16,241 shares of company stock valued at $638,091 over the last quarter. 2.70% of the stock is owned by insiders.
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Ball 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.
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