Ball (BLL) Stock Rating Upgraded by BMO Capital Markets

Ball (NYSE:BLL) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday, December 4th, MarketBeat Ratings reports. The brokerage currently has a $48.00 price target on the industrial products company’s stock. BMO Capital Markets’ target price points to a potential upside of 26.82% from the stock’s previous close.

A number of other equities analysts also recently weighed in on BLL. Barclays upped their price target on Ball from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. Jefferies Group reaffirmed a “buy” rating and set a $49.00 price target (down previously from $50.00) on shares of Ball in a report on Wednesday, August 9th. Vertical Group reaffirmed a “hold” rating and set a $43.00 price target (up previously from $41.50) on shares of Ball in a report on Wednesday, August 9th. BidaskClub downgraded Ball from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. Finally, KeyCorp reiterated a “hold” rating on shares of Ball in a research report on Wednesday, October 4th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $45.00.

Ball (NYSE BLL) traded down $0.07 during midday trading on Monday, reaching $37.85. The company had a trading volume of 1,551,285 shares, compared to its average volume of 3,181,937. Ball has a twelve month low of $35.65 and a twelve month high of $43.24. The company has a current ratio of 1.04, a quick ratio of 0.66 and a debt-to-equity ratio of 1.95. The company has a market cap of $13,274.11, a PE ratio of 59.14, a price-to-earnings-growth ratio of 3.54 and a beta of 0.96.

Ball (NYSE:BLL) last posted its earnings results on Thursday, November 2nd. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.07). Ball had a return on equity of 18.31% and a net margin of 2.13%. The business had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same period in the previous year, the company posted $0.48 earnings per share. Ball’s revenue for the quarter was up 5.7% compared to the same quarter last year. analysts anticipate that Ball will post 1.95 EPS for the current fiscal year.

In related news, Chairman John A. Hayes sold 5,519 shares of Ball stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $40.74, for a total value of $224,844.06. Following the transaction, the chairman now directly owns 408,451 shares of the company’s stock, valued at $16,640,293.74. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO James N. Peterson sold 1,349 shares of Ball stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $38.05, for a total value of $51,329.45. Following the completion of the sale, the chief operating officer now owns 38,008 shares of the company’s stock, valued at $1,446,204.40. The disclosure for this sale can be found here. Insiders have sold 18,182 shares of company stock worth $747,206 over the last three months. Insiders own 2.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of BLL. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Ball 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 purchasing an additional 1,225 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Ball by 5,297.8% during the second quarter. Tower Research Capital LLC TRC now owns 2,483 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 2,437 shares in the last quarter. Korea Investment CORP increased its holdings in shares of Ball by 385.5% during the second quarter. Korea Investment CORP now owns 3,083 shares of the industrial products company’s stock valued at $130,000 after acquiring an additional 2,448 shares in the last quarter. First Personal Financial Services increased its holdings in shares of Ball by 100.0% during the second quarter. First Personal Financial Services now owns 3,594 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 1,797 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Ball by 100.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,123 shares of the industrial products company’s stock valued at $174,000 after acquiring an additional 2,061 shares in the last quarter. Institutional investors and hedge funds own 89.48% 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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