Ball (NYSE:BLL) Upgraded at ValuEngine

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Ball (NYSE:BLL) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, October 17th.

Other analysts have also recently issued research reports about the stock. TheStreet raised shares of Ball from a “c+” rating to a “b-” rating in a research note on Wednesday, August 1st. UBS Group set a $52.00 price objective on shares of Ball and gave the stock a “buy” rating in a research note on Friday, October 5th. Deutsche Bank set a $51.00 price objective on shares of Ball and gave the stock a “buy” rating in a research note on Thursday, October 4th. Royal Bank of Canada reaffirmed a “buy” rating and set a $47.00 price target on shares of Ball in a research report on Monday, August 6th. Finally, Citigroup cut their price target on shares of Ball from $45.00 to $44.00 and set a “buy” rating on the stock in a research report on Tuesday, July 10th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Ball has an average rating of “Buy” and a consensus target price of $50.00.

Shares of NYSE BLL traded down $0.04 during midday trading on Wednesday, reaching $48.68. 4,123,588 shares of the company were exchanged, compared to its average volume of 3,586,198. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.69 and a current ratio of 1.01. Ball has a one year low of $34.71 and a one year high of $49.18. The stock has a market cap of $16.57 billion, a PE ratio of 23.86, a PEG ratio of 4.02 and a beta of 0.74.

Ball (NYSE:BLL) last issued its quarterly earnings data on Thursday, November 1st. The industrial products company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.04). Ball had a return on equity of 20.02% and a net margin of 4.21%. The business had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the firm earned $0.52 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, sell-side analysts predict that Ball will post 2.21 earnings per share for the current fiscal year.

In related news, Chairman John A. Hayes sold 96,667 shares of the company’s stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $43.00, for a total value of $4,156,681.00. Following the sale, the chairman now owns 471,228 shares in the company, valued at approximately $20,262,804. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jeff A. Knobel sold 6,899 shares of the company’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $47.42, for a total transaction of $327,150.58. Following the completion of the sale, the vice president now owns 68,389 shares in the company, valued at approximately $3,243,006.38. The disclosure for this sale can be found here. Insiders have sold 128,566 shares of company stock worth $5,593,832 in the last quarter. Company insiders own 2.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Portland Hill Asset Management Ltd grew its position in Ball by 0.3% in the 3rd quarter. Portland Hill Asset Management Ltd now owns 338,619 shares of the industrial products company’s stock worth $14,947,000 after purchasing an additional 1,126 shares in the last quarter. BB&T Securities LLC grew its position in shares of Ball by 4.8% during the 2nd quarter. BB&T Securities LLC now owns 28,879 shares of the industrial products company’s stock valued at $1,026,000 after acquiring an additional 1,313 shares during the period. Isthmus Partners LLC grew its position in shares of Ball by 0.8% during the 2nd quarter. Isthmus Partners LLC now owns 159,338 shares of the industrial products company’s stock valued at $5,664,000 after acquiring an additional 1,317 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of Ball by 1.0% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 137,136 shares of the industrial products company’s stock valued at $6,032,000 after acquiring an additional 1,360 shares during the period. Finally, Parkwood LLC grew its position in shares of Ball by 13.9% during the 2nd quarter. Parkwood LLC now owns 11,538 shares of the industrial products company’s stock valued at $410,000 after acquiring an additional 1,410 shares during the period. 85.78% of the stock is owned by institutional investors and hedge funds.

About Ball

Ball Corporation supplies metal packaging products to the beverage, food, personal care, and household products industries. It operates in five segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.

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