Ball Corporation (NYSE:BLL) had its target price increased by equities research analysts at Barclays PLC from $40.00 to $42.00 in a report released on Monday. The brokerage presently has an “equal weight” rating on the industrial products company’s stock. Barclays PLC’s price objective would indicate a potential upside of 3.55% from the company’s previous close.

A number of other equities research analysts also recently weighed in on BLL. BidaskClub upgraded Ball Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Vertical Research downgraded Ball Corporation from a “buy” rating to a “hold” rating and set a $41.50 price target on the stock. in a research report on Friday, May 5th. Jefferies Group LLC restated a “buy” rating and set a $50.00 price target (up previously from $47.00) on shares of Ball Corporation in a research report on Friday, July 14th. TheStreet upgraded Ball Corporation from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Finally, Zacks Investment Research upgraded Ball Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.10.

Shares of Ball Corporation (NYSE:BLL) traded up 0.99% during trading on Monday, reaching $40.96. The company’s stock had a trading volume of 1,799,204 shares. Ball Corporation has a 12-month low of $34.88 and a 12-month high of $43.06. The stock has a market cap of $14.38 billion, a P/E ratio of 30.48 and a beta of 0.95. The stock’s 50-day moving average is $42.07 and its 200-day moving average is $39.02.

Ball Corporation (NYSE:BLL) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.02. Ball Corporation had a net margin of 1.70% and a return on equity of 17.54%. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the business posted $1.05 EPS. Ball Corporation’s quarterly revenue was up 40.6% on a year-over-year basis. Equities research analysts anticipate that Ball Corporation will post $2.08 earnings per share for the current fiscal year.

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In other news, SVP Lisa Ann Pauley sold 20,960 shares of Ball Corporation stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $41.48, for a total value of $869,420.80. Following the transaction, the senior vice president now owns 108,887 shares in the company, valued at $4,516,632.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director R David Hoover sold 22,000 shares of Ball Corporation stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $39.75, for a total value of $874,500.00. Following the completion of the transaction, the director now owns 205,260 shares in the company, valued at approximately $8,159,085. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,999 shares of company stock worth $4,606,903. Company insiders own 2.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in Ball Corporation by 131.1% in the fourth quarter. AQR Capital Management LLC now owns 7,713 shares of the industrial products company’s stock valued at $579,000 after buying an additional 4,375 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in Ball Corporation by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 152,159 shares of the industrial products company’s stock valued at $11,300,000 after buying an additional 4,839 shares in the last quarter. Raymond James Trust N.A. bought a new position in Ball Corporation during the first quarter valued at approximately $245,000. Creative Planning increased its position in Ball Corporation by 3.3% in the first quarter. Creative Planning now owns 2,720 shares of the industrial products company’s stock valued at $202,000 after buying an additional 86 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its position in Ball Corporation by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 50,756 shares of the industrial products company’s stock valued at $3,769,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 46.59% of the company’s stock.

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.

Analyst Recommendations for Ball Corporation (NYSE:BLL)

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