Ball (BLL) Price Target Increased to $53.00 by Analysts at JPMorgan Chase & Co.

Ball (NYSE:BLL) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from $51.00 to $53.00 in a research report issued on Friday. The brokerage presently has an “overweight” rating on the industrial products company’s stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 11.91% from the stock’s current price.

A number of other research firms also recently issued reports on BLL. Zacks Investment Research upgraded shares of Ball from a “sell” rating to a “hold” rating in a research report on Wednesday, October 10th. Citigroup cut their target price 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. Vertical Research downgraded shares of Ball from a “buy” rating to a “hold” rating and set a $50.00 target price on the stock. in a research report on Friday. ValuEngine upgraded shares of Ball from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Finally, TheStreet upgraded shares of Ball from a “c+” rating to a “b-” rating in a research report on Wednesday, August 1st. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $49.54.

Ball stock traded down $0.26 during trading hours on Friday, reaching $47.36. 4,513,270 shares of the company’s stock traded hands, compared to its average volume of 2,981,844. The company has a current ratio of 1.23, a quick ratio of 0.92 and a debt-to-equity ratio of 1.79. Ball has a fifty-two week low of $34.71 and a fifty-two week high of $48.47. The company has a market cap of $15.47 billion, a PE ratio of 23.22, a PEG ratio of 3.62 and a beta of 0.89.

Ball (NYSE:BLL) last released its earnings results on Thursday, November 1st. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.04). Ball had a net margin of 4.12% and a return on equity of 19.93%. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. Research analysts forecast that Ball will post 2.26 EPS for the current year.

In related news, VP Scott C. Morrison sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $44.40, for a total value of $1,110,000.00. Following the sale, the vice president now directly owns 30,392 shares in the company, valued at approximately $1,349,404.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John A. Hayes sold 96,667 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $43.00, for a total transaction of $4,156,681.00. Following the completion of the sale, the chairman now owns 471,228 shares in the company, valued at $20,262,804. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.

Several large investors have recently made changes to their positions in BLL. Portland Hill Asset Management Ltd raised its holdings in Ball by 0.3% during 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 buying an additional 1,126 shares during the period. BB&T Securities LLC raised its holdings in Ball by 4.8% during the 2nd quarter. BB&T Securities LLC now owns 28,879 shares of the industrial products company’s stock worth $1,026,000 after buying an additional 1,313 shares during the period. Isthmus Partners LLC raised its holdings in Ball by 0.8% during the 2nd quarter. Isthmus Partners LLC now owns 159,338 shares of the industrial products company’s stock worth $5,664,000 after buying an additional 1,317 shares during the period. Parkwood LLC raised its holdings in Ball by 13.9% during the 2nd quarter. Parkwood LLC now owns 11,538 shares of the industrial products company’s stock worth $410,000 after buying an additional 1,410 shares during the period. Finally, Sumitomo Life Insurance Co. raised its holdings in Ball by 4.8% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 31,755 shares of the industrial products company’s stock worth $1,129,000 after buying an additional 1,466 shares during the period. Institutional investors and hedge funds own 85.70% of the company’s stock.

Ball Company Profile

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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Analyst Recommendations for Ball (NYSE:BLL)

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