Ball Corporation (NYSE:BLL) saw a downside of -0.53% to close Tuesday at $90.46 after subtracting -$0.48 on the day. The 5-day average trading volume is 1,514,180 shares of the company’s common stock. It has gained $93.26 in the past week. An average of 1,780,455 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,968,554.
BLL’s 1-month performance is -3.83% or -$4.37 on its low of $88.48 reached on 10/01/21. The company’s shares have touched a 52-week low of $77.95 and high of $102.76, with the stock’s rally to the 52-week high happening on 09/03/21. YTD, BLL has lost -2.92% or -$2.72. However, the current price is down -11.97%% from the 52-week high price.
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On Aug 27, 47 days have gone by since the last insider trading activity for Ball Corporation (BLL). Kaufman David A (President, Ball Aerospace) most recently sold 1,060 shares at $94.58 per share on Aug 27. This transaction cost the insider $100,255. EVP, HR & Administration, Pauley Lisa Ann, sold 17,773 shares at a price of $88.95 on Aug 11. Then, on Mar 18, E.V.P. and C.F.O. MORRISON SCOTT C sold 8,653 shares at a price of $82.50 per share. This transaction amounted to $713,873.
The company’s PE ratio for the last five years has touched a high of 76.97 and a low of 25.92. BLL stock has a beta of 0.48. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.32 while the price-to-book (PB) in the most recent quarter is 8.14, with the price to cash flow ratio at 140.14.
Ball Corporation pays an annual dividend of $0.80 per share. Its dividend yield is 0.88% and the payout ratio is 22.60%. BLL’s most recent quarterly dividend payment was made on Sep. 15, when it paid $0.20 a share compared with prior rate of $0.15, up 25.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.05 reported on Wednesday July 28 2021. Measured over the last 3 years, the Dividend has been growing by 64.38% yearly.
It is projected that Ball Corporation’s next ex-dividend date will be on 30-Nov-2021. BLL is expected to distribute $0.20 as its next dividend.
Ball Corporation’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.80 meaning that BLL stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.92, while the total debt to equity was 2.13. In terms of profitability, the gross margin trailing 12 months is 20.70%. The trailing 12-month EBITDA margin is 16.78% while for the period ending June 29; Ball Corporation’s operating margin was 10.50%. The firm’s gross profit as reported stood at $2.46 billion against revenue of $11.78 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 19.02% to $3.46 billion, while revenue of $3.12 billion was 9.66% off the previous quarter. Analysts expected BLL to announce $0.83 per share in earnings in its latest quarter, but it posted $0.86, representing a 3.60% surprise. EBITDA for the quarter stood at more than $545.0 million. BLL stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 15.45 billion, with total debt at $8.13 billion. Shareholders hold equity totaling $326.61 million
Let’s look briefly at Ball Corporation (BLL) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 39.58% to suggest the stock is trending Neutral, with historical volatility in this time period at 12.59%.
The stock’s 5-day moving average is $91.43, reflecting a -1.13% or -$1.03 change from its current price. BLL is currently trading -2.36% above its 20-day SMA, +3.64% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +11.14% and -2.04% respectively.
Stochastic %K and %D was 46.91% and 56.28% and the average true range (ATR) pointed at 1.40. The RSI (14) points at 43.13%, while the 14-day stochastic is at 37.86% with the period’s ATR at 1.42. The stock’s 9-day MACD Oscillator is pointing at 0.01 and -0.07 on the 14-day charts.
In the most recent analyst report for Ball Corporation (NYSE: BLL), Loop Capital launched coverage with a Buy rating. Analysts offering their rating for BLL stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate BLL as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 11 have offered a “buy” rating.
What is BLL’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $85.00 and a high of $120.00, with their median price target at $102.50. Looking at these predictions, the average price target given by analysts is for Ball Corporation (BLL) stock is $103.72.