Ball (BLL) Stock Rating Upgraded by KeyCorp

Ball (NYSE:BLL) was upgraded by KeyCorp from an “underweight” rating to a “sector weight” rating in a research report issued to clients and investors on Monday, Marketbeat reports.

A number of other analysts have also recently weighed in on BLL. JPMorgan Chase & Co. restated an “overweight” rating and issued a $48.00 price target (up from $47.00) on shares of Ball in a report on Thursday. Zacks Investment Research cut shares of Ball from a “hold” rating to a “sell” rating in a report on Monday, January 29th. Citigroup upgraded shares of Ball from a “neutral” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Wednesday, January 17th. BMO Capital Markets upgraded shares of Ball from a “market perform” rating to an “outperform” rating and set a $48.00 price target on the stock in a report on Monday, December 4th. Finally, TheStreet cut shares of Ball from a “b-” rating to a “c+” rating in a report on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Ball currently has an average rating of “Hold” and an average price target of $45.21.

Ball (NYSE:BLL) traded down $0.34 during trading hours on Monday, hitting $37.53. 5,383,314 shares of the stock were exchanged, compared to its average volume of 3,836,065. Ball has a twelve month low of $35.60 and a twelve month high of $43.24. The company has a market cap of $13,256.61, a PE ratio of 33.51, a P/E/G ratio of 3.05 and a beta of 0.97. The company has a quick ratio of 0.55, a current ratio of 0.92 and a debt-to-equity ratio of 1.60.

Ball (NYSE:BLL) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. Ball had a net margin of 3.63% and a return on equity of 19.20%. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.64 billion. During the same period last year, the business earned $0.44 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. equities analysts expect that Ball will post 2.26 earnings per share 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 shares were sold at an average price of $40.74, for a total value of $224,844.06. Following the completion of the sale, the chairman now directly owns 408,451 shares in the company, valued at approximately $16,640,293.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Scott C. Morrison sold 2,591 shares of Ball stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $38.62, for a total transaction of $100,064.42. Following the completion of the sale, the vice president now owns 390,052 shares of the company’s stock, valued at $15,063,808.24. The disclosure for this sale can be found here. Insiders sold a total of 16,241 shares of company stock valued at $638,091 over the last quarter. 2.70% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Ball by 0.9% during the 4th quarter. BlackRock Inc. now owns 21,323,444 shares of the industrial products company’s stock worth $807,092,000 after buying an additional 196,683 shares during the last quarter. JPMorgan Chase & Co. raised its position in Ball by 1.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,182,399 shares of the industrial products company’s stock worth $628,855,000 after buying an additional 246,397 shares during the last quarter. Iridian Asset Management LLC CT raised its position in Ball by 25.8% during the 3rd quarter. Iridian Asset Management LLC CT now owns 7,871,056 shares of the industrial products company’s stock worth $325,075,000 after buying an additional 1,613,246 shares during the last quarter. Janus Henderson Group PLC raised its position in Ball by 3.4% during the 3rd quarter. Janus Henderson Group PLC now owns 4,271,901 shares of the industrial products company’s stock worth $176,431,000 after buying an additional 139,329 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Ball by 19.2% during the 3rd quarter. Bessemer Group Inc. now owns 4,074,776 shares of the industrial products company’s stock worth $168,289,000 after buying an additional 656,667 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.

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Ball 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 (NYSE:BLL)

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