Ball Corporation (NYSE:BLL) had its price target hoisted by investment analysts at Barclays PLC from $40.00 to $42.00 in a report issued on Monday. The firm currently has an “equal weight” rating on the industrial products company’s stock. Barclays PLC’s price target suggests a potential upside of 2.02% from the stock’s current price.

Several other research analysts have also recently issued reports on BLL. BMO Capital Markets reaffirmed a “hold” rating and issued a $39.50 price target on shares of Ball Corporation in a report on Wednesday, April 12th. Vertical Research cut Ball Corporation from a “buy” rating to a “hold” rating and set a $41.50 price target on the stock. in a report on Friday, May 5th. 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 report on Friday, May 5th. TheStreet raised Ball Corporation from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Finally, Zacks Investment Research raised Ball Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 8th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $44.10.

Ball Corporation (NYSE:BLL) traded up 1.50% during mid-day trading on Monday, reaching $41.17. The company’s stock had a trading volume of 3,441,728 shares. Ball Corporation has a 52 week low of $34.88 and a 52 week high of $43.06. The firm has a 50-day moving average of $42.07 and a 200-day moving average of $39.02. The stock has a market capitalization of $14.46 billion, a price-to-earnings ratio of 30.63 and a beta of 0.95.

Ball Corporation (NYSE:BLL) last announced its earnings results on Thursday, August 3rd. The industrial products company reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. Ball Corporation had a return on equity of 17.54% and a net margin of 1.70%. Ball Corporation’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.05 EPS. On average, equities research analysts expect that Ball Corporation will post $2.08 earnings per share for the current year.

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In other Ball Corporation news, Chairman John A. Hayes sold 5,622 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $41.10, for a total transaction of $231,064.20. Following the sale, the chairman now directly owns 412,623 shares of the company’s stock, 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, Director R David Hoover sold 22,000 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $39.75, for a total transaction of $874,500.00. Following the sale, the director now directly owns 205,260 shares in the company, valued at $8,159,085. The disclosure for this sale can be found here. Over the last three months, insiders have sold 111,999 shares of company stock worth $4,606,903. Company insiders own 2.70% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. increased its stake in shares of Ball Corporation by 81.1% in the second quarter. American Century Companies Inc. now owns 3,439,147 shares of the industrial products company’s stock valued at $145,166,000 after buying an additional 1,540,144 shares during the period. Stanley Laman Group Ltd. increased its stake in shares of Ball Corporation by 77.4% in the second quarter. Stanley Laman Group Ltd. now owns 111,328 shares of the industrial products company’s stock valued at $4,699,000 after buying an additional 48,581 shares during the period. Aviva PLC increased its stake in shares of Ball Corporation by 100.3% in the second quarter. Aviva PLC now owns 216,366 shares of the industrial products company’s stock valued at $9,135,000 after buying an additional 108,338 shares during the period. Victory Capital Management Inc. increased its stake in shares of Ball Corporation by 170.7% in the second quarter. Victory Capital Management Inc. now owns 3,021,225 shares of the industrial products company’s stock valued at $127,526,000 after buying an additional 1,905,281 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Ball Corporation by 99.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 949,913 shares of the industrial products company’s stock valued at $40,096,000 after buying an additional 474,605 shares during the period. 46.59% of the stock is currently owned by institutional investors.

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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