Robert W. Baird Reaffirms Buy Rating for Ball Corporation (BLL)
Ball Corporation (NYSE:BLL)‘s stock had its “buy” rating reaffirmed by equities researchers at Robert W. Baird in a research note issued on Thursday. They currently have a $45.00 target price on the industrial products company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 6.38% from the company’s previous close.
A number of other research firms have also recently commented on BLL. BidaskClub upgraded shares of Ball Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut shares of Ball Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Deutsche Bank AG restated a “buy” rating and issued a $47.00 price objective (up previously from $44.00) on shares of Ball Corporation in a research report on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and issued a $47.00 price objective on shares of Ball Corporation in a research report on Sunday, June 25th. Finally, Royal Bank Of Canada began coverage on shares of Ball Corporation in a research report on Monday. They issued an “outperform” rating and a $46.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. Ball Corporation has a consensus rating of “Hold” and a consensus price target of $44.23.
Ball Corporation (NYSE BLL) traded up 0.19% during mid-day trading on Thursday, reaching $42.38. The company had a trading volume of 608,467 shares. Ball Corporation has a 52-week low of $35.65 and a 52-week high of $43.06. The stock has a market capitalization of $14.84 billion, a price-to-earnings ratio of 52.00 and a beta of 0.97. The company’s 50 day moving average is $40.69 and its 200 day moving average is $40.23.
Ball Corporation (NYSE:BLL) last issued its earnings results on Thursday, August 3rd. The industrial products company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). Ball Corporation had a net margin of 1.70% and a return on equity of 17.63%. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. The business’s revenue was up 40.6% on a year-over-year basis. Equities analysts predict that Ball Corporation will post $2.04 earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: This news story was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/12/robert-w-baird-reaffirms-buy-rating-for-ball-corporation-bll.html.
In other news, Chairman John A. Hayes sold 5,619 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $41.98, for a total transaction of $235,885.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Scott C. Morrison sold 13,249 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $40.35, for a total transaction of $534,597.15. Following the transaction, the vice president now owns 392,091 shares of the company’s stock, valued at $15,820,871.85. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,601 shares of company stock valued at $5,260,953. Company insiders own 2.70% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. W. E. Donoghue & Co. LLC acquired a new position in shares of Ball Corporation during the 2nd quarter worth about $2,348,000. Packer & Co Ltd boosted its stake in shares of Ball Corporation by 100.0% during the 2nd quarter. Packer & Co Ltd now owns 601,846 shares of the industrial products company’s stock worth $25,404,000 after buying an additional 300,923 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of Ball Corporation by 184.5% during the 2nd quarter. Lord Abbett & CO. LLC now owns 186,093 shares of the industrial products company’s stock worth $7,855,000 after buying an additional 120,689 shares during the last quarter. Sentry Investment Management LLC boosted its stake in shares of Ball Corporation by 100.0% during the 2nd quarter. Sentry Investment Management LLC now owns 13,808 shares of the industrial products company’s stock worth $583,000 after buying an additional 6,904 shares during the last quarter. Finally, Toronto Dominion Bank boosted its stake in shares of Ball Corporation by 150.9% during the 2nd quarter. Toronto Dominion Bank now owns 118,833 shares of the industrial products company’s stock worth $5,015,000 after buying an additional 71,465 shares during the last quarter. Institutional investors own 86.43% of the company’s stock.
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.
Receive News & Ratings for Ball Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball Corporation and related companies with MarketBeat.com's FREE daily email newsletter.