Analysts’ Weekly Ratings Updates for Ball Corporation (BLL)

Several analysts have recently updated their ratings and price targets for Ball Corporation (NYSE: BLL):

  • 10/16/2017 – Ball Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Ball Corporation expects earnings per share growth for 2017 to be lower than the guidance range of 20-30% due to issues in the EMEA segment’s food can business. The company anticipates the decline in food can business to persist due to timing issues with some customers. Further, one of the company’s large customers is experimenting with an alternative substrate which remains a concern for Ball Corporation’s volume. Tight supply and demand situation in its global aluminum aerosol business and elevated expenses remain headwinds. Further, the company’s third quarter is a seasonally slow quarter. Its estimates have gone down over the past three months. Moreover, the company has underperformed the Zacks categorized sub-industry year to date.”
  • 10/12/2017 – Ball Corporation had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $45.00 price target on the stock.
  • 10/10/2017 – Ball Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Ball Corporation’s focus on accelerating actions to reap cost savings will drive results in 2018 and beyond. The company expects its aerospace segment’s earnings will be up year over year in each of the remaining quarters of 2017. The Brazilian government is taking action to stimulate their economy which will aid Ball Corporation’s performance in the second-half. Further, transformational actions including the recent closure of food-can production at its Springdale plant will help optimize plant network. However, issues in EMEA segment’s food can business and elevated expenses remain headwinds. Further, the company’s third quarter is a seasonally slow quarter. Moreover, the company has underperformed the Zacks categorized sub-industry year to date.”
  • 10/9/2017 – Ball Corporation is now covered by analysts at Royal Bank Of Canada. They set an “outperform” rating and a $46.00 price target on the stock.
  • 10/4/2017 – Ball Corporation had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 8/26/2017 – Ball Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Ball Corporation (NYSE:BLL) traded down 0.50% during midday trading on Tuesday, hitting $41.98. 1,384,460 shares of the stock traded hands. The company’s 50 day moving average is $40.91 and its 200-day moving average is $40.34. Ball Corporation has a one year low of $35.65 and a one year high of $43.06. The company has a market cap of $14.77 billion, a P/E ratio of 59.55 and a beta of 0.97.

Ball Corporation (NYSE:BLL) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). Ball Corporation had a return on equity of 17.63% and a net margin of 1.70%. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the firm earned $1.05 earnings per share. The company’s revenue was up 40.6% compared to the same quarter last year. On average, equities research analysts forecast that Ball Corporation will post $2.03 EPS for the current fiscal year.

In other news, SVP Lisa Ann Pauley sold 37,984 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $42.03, for a total transaction of $1,596,467.52. Following the transaction, the senior vice president now directly owns 108,905 shares in the company, valued at $4,577,277.15. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Scott C. Morrison sold 13,249 shares of the business’s 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 in the company, valued at $15,820,871.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 129,601 shares of company stock worth $5,260,953. Company insiders own 2.70% of the company’s stock.

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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