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.

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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.

Analyst Recommendations for Ball Corporation (NYSE:BLL)

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