Ball Corporation (BLL) Stock Rating Reaffirmed by KeyCorp
Ball Corporation (NYSE:BLL)‘s stock had its “hold” rating reissued by equities research analysts at KeyCorp in a report released on Thursday.
The analysts wrote, “We are below the midpoint of BLL’s reduced 2017 adj. EBITDA guidance, as we think the implied growth rate in 4Q is optimistic. We also remain well below consensus for 2018.””
Other analysts have also recently issued research reports about the stock. Jefferies Group LLC restated a “buy” rating and issued a $49.00 target price (down previously from $50.00) on shares of Ball Corporation in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of Ball Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Vertical Group restated a “hold” rating and issued a $43.00 target price (up previously from $41.50) on shares of Ball Corporation in a research note on Wednesday, August 9th. BidaskClub cut shares of Ball Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Barclays PLC raised their price objective on shares of Ball Corporation from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $44.71.
Ball Corporation (NYSE:BLL) last released its earnings results on Thursday, November 2nd. The industrial products company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.07). Ball Corporation had a return on equity of 17.63% and a net margin of 1.70%. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same quarter last year, the business posted $0.48 EPS. The firm’s revenue was up 5.7% on a year-over-year basis.
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In related news, SVP Lisa Ann Pauley sold 39,241 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $39.10, for a total value of $1,534,323.10. Following the transaction, the senior vice president now owns 108,905 shares in the company, valued at $4,258,185.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Scott C. Morrison sold 13,249 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $40.35, for a total value of $534,597.15. Following the completion of the transaction, the vice president now owns 392,091 shares in the company, valued at approximately $15,820,871.85. The disclosure for this sale can be found here. Insiders sold 91,617 shares of company stock valued at $3,664,485 over the last three months. 2.70% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC increased its holdings in Ball Corporation by 75.3% in the second quarter. Wedge Capital Management L L P NC now owns 193,962 shares of the industrial products company’s stock worth $8,187,000 after buying an additional 83,293 shares during the last quarter. Baird Financial Group Inc. acquired a new position in Ball Corporation in the first quarter worth approximately $201,000. Geode Capital Management LLC increased its holdings in Ball Corporation by 9.4% in the first quarter. Geode Capital Management LLC now owns 1,637,759 shares of the industrial products company’s stock worth $121,443,000 after buying an additional 140,259 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Ball Corporation by 106.4% in the second quarter. Public Employees Retirement System of Ohio now owns 152,514 shares of the industrial products company’s stock worth $6,438,000 after buying an additional 78,637 shares during the last quarter. Finally, Thomas White International Ltd. increased its holdings in Ball Corporation by 100.0% in the second quarter. Thomas White International Ltd. now owns 27,410 shares of the industrial products company’s stock worth $1,157,000 after buying an additional 13,705 shares during the last quarter. Hedge funds and other institutional investors own 86.48% 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.
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