The stock of Ball Corporation (NYSE:BLL) hit a new 52-week high and has $129.18 target or 58.00% above today’s $81.76 share price. The 6 months bullish chart indicates low risk for the $14.33 billion company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $129.18 price target is reached, the company will be worth $8.31 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 505,294 shares traded hands. Ball Corporation (NYSE:BLL) has risen 20.73% since February 26, 2016 and is uptrending. It has outperformed by 10.30% the S&P500.
Analysts await Ball Corporation (NYSE:BLL) to report earnings on November, 3. They expect $0.91 EPS, down 17.27% or $0.19 from last year’s $1.1 per share. BLL’s profit will be $159.49M for 22.46 P/E if the $0.91 EPS becomes a reality. After $1.05 actual EPS reported by Ball Corporation for the previous quarter, Wall Street now forecasts -13.33% negative EPS growth.
Ball Corporation (NYSE:BLL) Ratings Coverage
Out of 7 analysts covering Ball Corporation (NYSE:BLL), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. $94 is the highest target while $69 is the lowest. The $82 average target is 0.29% above today’s ($81.76) stock price. Ball Corporation has been the topic of 12 analyst reports since October 15, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Friday, August 5 by Vertical Research. Citigroup initiated the stock with “Neutral” rating in Friday, July 29 report. The rating was initiated by Barclays Capital on Thursday, July 14 with “Equal-Weight”. As per Wednesday, December 9, the company rating was upgraded by Jefferies. The stock of Ball Corporation (NYSE:BLL) earned “Outperform” rating by Macquarie Research on Tuesday, November 10. As per Friday, August 5, the company rating was maintained by Citigroup. The stock has “Overweight” rating given by JP Morgan on Thursday, March 31. Wells Fargo upgraded the stock to “Outperform” rating in Thursday, December 3 report. The firm earned “Buy” rating on Friday, August 5 by Jefferies.
According to Zacks Investment Research, “Ball is a manufacturer of metal and plastic packaging, primarily for beverages and foods, and a supplier of aerospace and other technologies and services to commercial and governmental customers.”
Insitutional Activity: The institutional sentiment increased to 1.46 in Q2 2016. Its up 0.43, from 1.03 in 2016Q1. The ratio is positive, as 36 funds sold all Ball Corporation shares owned while 104 reduced positions. 45 funds bought stakes while 159 increased positions. They now own 129.58 million shares or 10.47% more from 117.30 million shares in 2016Q1.
Renaissance Techs Limited Liability Corp last reported 0.09% of its portfolio in the stock. Pictet Asset Management Ltd has invested 0.13% of its portfolio in Ball Corporation (NYSE:BLL). Country Natl Bank holds 0% of its portfolio in Ball Corporation (NYSE:BLL) for 809 shares. Comerica Retail Bank holds 0.03% of its portfolio in Ball Corporation (NYSE:BLL) for 42,151 shares. Alyeska Inv Group Limited Partnership has 299,874 shares for 0.22% of their US portfolio. Spot Trading Limited Liability, a Illinois-based fund reported 26,074 shares. Mycio Wealth Prtnrs Ltd Company reported 1,500 shares or 0.02% of all its holdings. Parametric Associates Limited Liability Company holds 0.03% or 248,722 shares in its portfolio. Burney last reported 265,318 shares in the company. Paloma Prtnrs Management holds 0.01% of its portfolio in Ball Corporation (NYSE:BLL) for 9,445 shares. The New York-based Jane Street Grp Ltd Llc has invested 0.02% in Ball Corporation (NYSE:BLL). Fmr Limited Liability has invested 0.06% of its portfolio in Ball Corporation (NYSE:BLL). Bnp Paribas Arbitrage Sa has invested 0.03% of its portfolio in Ball Corporation (NYSE:BLL). Bessemer Group reported 940 shares or 0% of all its holdings. Baker Avenue Asset Lp, a California-based fund reported 4,200 shares.
Insider Transactions: Since May 2, 2016, the stock had 14 insider buys, and 3 sales for $2.16 million net activity. Peterson James N had sold 2,000 shares worth $145,113. FIEDLER HANNO C had bought 7,000 shares worth $502,390. The insider TAYLOR STUART A II bought 3,000 shares worth $240,981. On Thursday, August 18 the insider NIEKAMP CYNTHIA A bought $241,110. Another trade for 3,000 shares valued at $240,909 was made by NELSON GEORGIA R on Monday, August 8. 16,000 shares with value of $1.29M were sold by Barker Shawn M on Wednesday, August 24. Shares for $190,337 were bought by HAYES JOHN A.
More important recent Ball Corporation (NYSE:BLL) news were published by: Prnewswire.com which released: “Ball Corporation Reaches Agreement to Sell Baltimore Specialty Tin Plant” on September 26, 2016, also Businesswire.com published article titled: “The Growler Station® Expands Product Portfolio with Ball Corporation CROWLER …”, Zacks.com published: “Ball Corporation (BLL) to Sell Baltimore Specialty Tin Plant” on September 27, 2016. More interesting news about Ball Corporation (NYSE:BLL) was released by: Prnewswire.com and their article: “Ball Corporation and CU Athletics Open the Zero-Waste Aluminum Can Tailgate …” with publication date: September 06, 2016.
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