A number of firms have modified their ratings and price targets on shares of Ball Corporation (NYSE: BLL) recently:

  • 8/9/2017 – Ball Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $49.00 price target on the stock, down previously from $50.00.
  • 8/9/2017 – Ball Corporation had its “hold” rating reaffirmed by analysts at Vertical Group. They now have a $43.00 price target on the stock, up previously from $41.50.
  • 8/7/2017 – Ball Corporation had its price target raised by analysts at Barclays PLC from $40.00 to $42.00. They now have an “equal weight” rating on the stock.
  • 8/1/2017 – Ball Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/25/2017 – Ball Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/20/2017 – Ball Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ball Corporation witnessed a sluggish first-quarter 2015 results due to foreign currency translation and higher metal premiums in Europe. The company remains concerned for the food and household segment throughout 2015 related to the customer shift. Ball Corporation expects metal premiums, adverse currency translation and startup costs will persist as headwinds in 2015. Moreover pricing pressure in China, weak demand in Brazil and modest pressure in the U.S. food can market will affect the company's results.”
  • 7/19/2017 – Ball Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $48.00 price target on the stock. According to Zacks, “Ball Corporation expects the performance of its aerospace business to improve in the second quarter 2017. In the second quarter, Ball Corporation expects that the food and aerosol segment will benefit from cost savings associated with the West Virginia metal service center closure and anticipated growth for aluminum aerosol products. Ball Corporation expects 2017 free cash flow to be in the range of $750–$850 million and capital spending of around $500 million. Ball Corporation remains on track with free cash flow, EVA dollar growth, earnings per share growth and cost savings targets for 2017. The company will benefit from optimizing its packaging, manufacturing, network and beverage food and aerosol; and improvement in aerospace business.”
  • 7/18/2017 – Ball Corporation had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $47.00 price target on the stock, up previously from $44.00.
  • 7/14/2017 – Ball Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $50.00 price target on the stock, up previously from $47.00.
  • 7/12/2017 – Ball Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/5/2017 – Ball Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ball Corporation expects the performance of its aerospace business to improve in the second quarter 2017. Further, the company anticipates 2017 free cash flow to be in the range of $750–$850 million and capital spending of around $500 million. Ball Corporation remains on track with free cash flow, EVA dollar growth, earnings per share growth and cost savings targets for 2017. The company will benefit from optimizing its packaging, manufacturing, network and beverage food and aerosol; and improvement in aerospace business. However, Ball Corporation's results will be hurt by increased expenses. Persistent weakness in demand at the end-market level for carbonated soft drinks, beer, and food also remain headwinds. The company underperformed the Zacks categorized sub industry over the past one year.”
  • 7/4/2017 – Ball Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $47.00 price target on the stock. According to Zacks, “Ball Corporation expects the performance of its aerospace business to improve in the second quarter 2017. In the second quarter, Ball Corporation expects that the food and aerosol segment will benefit from cost savings associated with the West Virginia metal service center closure and anticipated growth for aluminum aerosol products. Ball Corporation expects 2017 free cash flow to be in the range of $750–$850 million and capital spending of around $500 million. Ball Corporation remains on track with free cash flow, EVA dollar growth, earnings per share growth and cost savings targets for 2017. The company will benefit from optimizing its packaging, manufacturing, network and beverage food and aerosol; and improvement in aerospace business.”
  • 6/28/2017 – Ball Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/25/2017 – Ball Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $47.00 price target on the stock.

Shares of Ball Corporation (NYSE:BLL) opened at 40.05 on Friday. 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 $14.06 billion, a P/E ratio of 56.81 and a beta of 0.95. The company’s 50-day moving average price is $41.94 and its 200-day moving average price is $39.14.

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. The firm 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 quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.05 EPS. Equities analysts forecast that Ball Corporation will post $2.05 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.00%. Ball Corporation’s dividend payout ratio (DPR) is 78.43%.

In other Ball Corporation news, Chairman John A. Hayes sold 5,622 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $41.10, for a total transaction of $231,064.20. Following the sale, the chairman now owns 412,623 shares in the company, valued at approximately $16,958,805.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Daniel William Fisher sold 1,750 shares of the company’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $41.77, for a total value of $73,097.50. Following the sale, the chief operating officer now owns 11,594 shares in the company, valued at approximately $484,281.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,654 shares of company stock worth $4,839,833. 2.70% of the stock is owned by company insiders.

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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