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.

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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.

Analyst Recommendations for Ball Corporation (NYSE:BLL)

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