Ball Corporation’s (NYSE:BLL) “Hold” Rating Reiterated at Vertical Group
Ball Corporation (NYSE:BLL)‘s stock had its “hold” rating reiterated by analysts at Vertical Group in a research report issued on Wednesday. They currently have a $43.00 price target on the industrial products company’s stock, up from their previous price target of $41.50. Vertical Group’s price target indicates a potential upside of 6.75% from the company’s previous close.
BLL has been the subject of a number of other reports. Zacks Investment Research upgraded Ball Corporation from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Tuesday, July 4th. Vertical Research lowered Ball Corporation from a “buy” rating to a “hold” rating and set a $41.50 price target for the company. in a research report on Friday, May 5th. ValuEngine upgraded Ball Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 18th. Jefferies Group LLC upped their price target on Ball Corporation from $45.00 to $47.50 and gave the company a “buy” rating in a research report on Friday, May 5th. Finally, BidaskClub upgraded Ball Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $44.05.
Ball Corporation (BLL) traded down 1.97% during midday trading on Wednesday, hitting $40.28. The stock had a trading volume of 3,598,641 shares. Ball Corporation has a 12-month low of $35.65 and a 12-month high of $43.06. The company has a market cap of $14.14 billion, a PE ratio of 29.97 and a beta of 0.95. The firm has a 50-day moving average of $42.05 and a 200-day moving average of $39.07.
Ball Corporation (NYSE:BLL) last posted its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Ball Corporation had a net margin of 1.70% and a return on equity of 17.54%. Ball Corporation’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter last year, the company earned $1.05 earnings per share. Equities research analysts forecast that Ball Corporation will post $2.05 EPS for the current year.
WARNING: “Ball Corporation’s (NYSE:BLL) “Hold” Rating Reiterated at Vertical Group” was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/08/09/ball-corporations-nysebll-hold-rating-reiterated-at-vertical-group.html.
In other Ball Corporation news, Chairman John A. Hayes sold 5,683 shares of the company’s stock in a transaction 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 directly owns 407,562 shares in the company, valued at $17,211,343.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Lisa Ann Pauley sold 20,960 shares of the company’s stock in a transaction on 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 disclosure for this sale can be found here. Insiders sold 117,654 shares of company stock worth $4,839,833 over the last quarter. 2.70% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLL. Pinnacle Bank purchased a new position in Ball Corporation during the first quarter worth approximately $126,000. First Personal Financial Services boosted its position in Ball Corporation by 17.1% in the first quarter. First Personal Financial Services now owns 1,797 shares of the industrial products company’s stock worth $133,000 after buying an additional 262 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Ball Corporation by 100.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,450 shares of the industrial products company’s stock worth $103,000 after buying an additional 1,225 shares during the period. Baird Financial Group Inc. purchased a new position in Ball Corporation during the first quarter worth approximately $201,000. Finally, Advisor Partners LLC purchased a new position in Ball Corporation during the first quarter worth approximately $201,000. Institutional investors own 46.59% of the company’s stock.
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.
Receive News & Ratings for Ball Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball Corporation and related companies with MarketBeat.com's FREE daily email newsletter.