Ball (NYSE:BLL)‘s stock had its “overweight” rating reiterated by investment analysts at JPMorgan Chase & Co. in a research report issued on Thursday. They presently have a $48.00 target price on the industrial products company’s stock, up from their prior target price of $47.00. JPMorgan Chase & Co.’s price target points to a potential upside of 23.87% from the company’s previous close.

Several other equities research analysts have also weighed in on BLL. Zacks Investment Research lowered Ball from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Robert W. Baird raised their target price on Ball from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. KeyCorp lowered Ball from a “sector weight” rating to an “underweight” rating and cut their target price for the stock from $40.81 to $36.00 in a research report on Friday, December 8th. They noted that the move was a valuation call. Vertical Research raised Ball from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Friday, December 15th. They noted that the move was a valuation call. Finally, UBS Group initiated coverage on Ball in a research report on Monday, October 23rd. They set a “buy” rating and a $50.00 target price on the stock. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $45.21.

Ball (NYSE BLL) traded down $0.58 during mid-day trading on Thursday, reaching $38.75. The company’s stock had a trading volume of 1,349,676 shares, compared to its average volume of 3,425,127. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 1.95. The firm has a market cap of $12,927.55, a price-to-earnings ratio of 60.36, a P/E/G ratio of 3.01 and a beta of 0.97. Ball has a 52 week low of $35.60 and a 52 week high of $43.24.

Ball (NYSE:BLL) last posted its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.64 billion. Ball had a return on equity of 18.31% and a net margin of 2.13%. Ball’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. equities analysts anticipate that Ball will post 1.95 earnings per share for the current fiscal year.

In related news, VP Scott C. Morrison sold 2,591 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $38.62, for a total transaction of $100,064.42. Following the transaction, the vice president now owns 390,052 shares in the company, valued at approximately $15,063,808.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman John A. Hayes sold 6,782 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $38.61, for a total value of $261,853.02. Following the transaction, the chairman now owns 398,485 shares in the company, valued at approximately $15,385,505.85. The disclosure for this sale can be found here. Insiders have sold a total of 16,241 shares of company stock worth $638,091 in the last 90 days. 2.70% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Iridian Asset Management LLC CT grew its stake in shares of Ball by 25.8% in the 3rd quarter. Iridian Asset Management LLC CT now owns 7,871,056 shares of the industrial products company’s stock valued at $325,075,000 after purchasing an additional 1,613,246 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Ball by 135.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,409,191 shares of the industrial products company’s stock valued at $59,482,000 after purchasing an additional 809,520 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Ball by 174.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,069,355 shares of the industrial products company’s stock valued at $45,138,000 after purchasing an additional 680,252 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Ball by 19.2% in the 3rd quarter. Bessemer Group Inc. now owns 4,074,776 shares of the industrial products company’s stock valued at $168,289,000 after purchasing an additional 656,667 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Ball by 23.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,203,954 shares of the industrial products company’s stock valued at $132,323,000 after purchasing an additional 602,244 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

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About Ball

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 (NYSE:BLL)

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