Ball (BLL) PT Raised to $55.00

Ball (NYSE:BLL) had its price objective upped by Bank of America from $54.00 to $55.00 in a report released on Friday. The firm presently has a “buy” rating on the industrial products company’s stock. Bank of America’s price target would indicate a potential upside of 16.13% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. TheStreet raised shares of Ball from a “c+” rating to a “b-” rating in a report on Wednesday, August 1st. UBS Group set a $52.00 price target on shares of Ball and gave the stock a “buy” rating in a report on Friday, October 5th. Citigroup cut their price target on shares of Ball from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, July 10th. Royal Bank of Canada reissued a “buy” rating and set a $47.00 price target on shares of Ball in a report on Monday, August 6th. Finally, Deutsche Bank set a $51.00 price target on shares of Ball and gave the stock a “buy” rating in a report on Thursday, October 4th. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $49.54.

Shares of NYSE:BLL traded down $0.26 on Friday, reaching $47.36. The company’s stock had a trading volume of 4,513,262 shares, compared to its average volume of 3,815,195. Ball has a 52-week low of $34.71 and a 52-week high of $48.47. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.92 and a current ratio of 1.01. The stock has a market capitalization of $16.29 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 3.81 and a beta of 0.74.

Ball (NYSE:BLL) last announced its earnings results on Thursday, November 1st. The industrial products company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.04). Ball had a net margin of 4.21% and a return on equity of 20.02%. The business had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the previous year, the company posted $0.52 earnings per share. Ball’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, research analysts forecast that Ball will post 2.22 EPS for the current fiscal year.

In other Ball news, VP Scott C. Morrison sold 25,000 shares of the stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $44.40, for a total value of $1,110,000.00. Following the completion of the transaction, the vice president now directly owns 30,392 shares of the company’s stock, valued at $1,349,404.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman John A. Hayes sold 96,667 shares of the stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $43.00, for a total transaction of $4,156,681.00. Following the completion of the transaction, the chairman now directly owns 471,228 shares of the company’s stock, valued at $20,262,804. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

A number of institutional investors have recently modified their holdings of BLL. Gulf International Bank UK Ltd increased its holdings in Ball by 6.5% in the second quarter. Gulf International Bank UK Ltd now owns 106,497 shares of the industrial products company’s stock valued at $3,785,000 after buying an additional 6,500 shares in the last quarter. DnB Asset Management AS increased its holdings in Ball by 9.4% in the second quarter. DnB Asset Management AS now owns 46,360 shares of the industrial products company’s stock valued at $1,648,000 after buying an additional 4,000 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in Ball by 38.3% in the second quarter. IFM Investors Pty Ltd now owns 14,845 shares of the industrial products company’s stock valued at $528,000 after buying an additional 4,114 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Ball by 1.7% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 100,942 shares of the industrial products company’s stock valued at $3,588,000 after buying an additional 1,727 shares in the last quarter. Finally, Addenda Capital Inc. increased its holdings in Ball by 125.7% in the second quarter. Addenda Capital Inc. now owns 54,690 shares of the industrial products company’s stock valued at $1,745,000 after buying an additional 30,456 shares in the last quarter. 85.70% of the stock is owned by institutional investors.

About Ball

Ball Corporation supplies metal packaging products to the beverage, food, personal care, and household products industries. It operates in five segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.

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Analyst Recommendations for Ball (NYSE:BLL)

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