Ball (NYSE:BLL) was upgraded by stock analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday. The firm presently has a $48.00 price target on the industrial products company’s stock. BMO Capital Markets’ price target indicates a potential upside of 17.68% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Jefferies Group reiterated a “buy” rating and issued a $49.00 target price (down from $50.00) on shares of Ball in a report on Wednesday, August 9th. Vertical Group restated a “hold” rating and set a $43.00 price objective (up from $41.50) on shares of Ball in a report on Wednesday, August 9th. Barclays raised their price objective on shares of Ball from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. KeyCorp restated a “hold” rating on shares of Ball in a report on Wednesday, October 4th. Finally, UBS assumed coverage on shares of Ball in a report on Monday, October 23rd. They set a “buy” rating and a $50.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. Ball currently has an average rating of “Hold” and an average price target of $45.58.

Shares of Ball (BLL) opened at $40.79 on Monday. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 1.95. The firm has a market cap of $14,229.76, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 3.79 and a beta of 0.96. Ball has a twelve month low of $35.65 and a twelve month high of $43.24.

Ball (NYSE:BLL) last posted its earnings results on Thursday, November 2nd. The industrial products company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.07). The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.91 billion. Ball had a return on equity of 18.31% and a net margin of 2.13%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.48 earnings per share. sell-side analysts anticipate that Ball will post 1.95 EPS for the current year.

In related news, Chairman John A. Hayes sold 5,695 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $41.29, for a total value of $235,146.55. Following the completion of the transaction, the chairman now owns 407,973 shares of the company’s stock, valued at $16,845,205.17. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Jeff A. Knobel sold 5,218 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $40.12, for a total transaction of $209,346.16. Following the completion of the transaction, the vice president now directly owns 68,138 shares of the company’s stock, valued at approximately $2,733,696.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,622 shares of company stock worth $1,377,479. 2.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in BLL. US Bancorp DE grew its position in Ball by 153.1% in the second quarter. US Bancorp DE now owns 15,426 shares of the industrial products company’s stock valued at $652,000 after purchasing an additional 9,331 shares in the last quarter. Russell Investments Group Ltd. grew its position in Ball by 79.1% in the second quarter. Russell Investments Group Ltd. now owns 51,570 shares of the industrial products company’s stock valued at $2,177,000 after purchasing an additional 22,783 shares in the last quarter. Strs Ohio grew its position in Ball by 56.2% in the second quarter. Strs Ohio now owns 27,092 shares of the industrial products company’s stock valued at $1,143,000 after purchasing an additional 9,746 shares in the last quarter. Public Employees Retirement Association of Colorado grew its position in Ball by 100.2% in the second quarter. Public Employees Retirement Association of Colorado now owns 56,702 shares of the industrial products company’s stock valued at $2,393,000 after purchasing an additional 28,376 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its position in Ball by 100.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,080 shares of the industrial products company’s stock valued at $468,000 after purchasing an additional 5,540 shares in the last quarter. 89.40% of the stock is owned by institutional investors and hedge funds.

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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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