The stock of Ball Corporation (NYSE:BLL) reached all time high today, Sep, 30 and still has $132.68 target or 62.00% above today’s $81.90 share price. This indicates more upside for the $14.35B company. This technical setup was reported by Barchart.com. If the $132.68 PT is reached, the company will be worth $8.90 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.09 million 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 $159.42M for 22.50 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. Ball Corporation has been the topic of 12 analyst reports since October 15, 2015 according to StockzIntelligence Inc. The rating was downgraded by Vertical Research to “Hold” on Friday, August 5. As per Thursday, March 31, the company rating was upgraded by JP Morgan. Wells Fargo upgraded the stock to “Outperform” rating in Thursday, December 3 report. The firm has “Equal-Weight” rating given on Thursday, July 14 by Barclays Capital. On Friday, August 5 the stock rating was maintained by Citigroup with “Neutral”. The rating was upgraded by Macquarie Research on Tuesday, November 10 to “Outperform”. Jefferies maintained the shares of BLL in a report on Friday, August 5 with “Buy” rating. The stock has “Buy” rating given by Jefferies on Wednesday, December 9. The firm has “Neutral” rating given on Friday, July 29 by Citigroup.
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 improved, 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.
The Massachusetts-based Trillium Asset Management Limited Liability Corporation has invested 0.29% in Ball Corporation (NYSE:BLL). Gulf State Bank (Uk) Limited, a United Kingdom-based fund reported 38,857 shares. Summit Securities Gp Ltd Liability reported 5,000 shares or 0.19% of all its holdings. Andra Ap holds 0.05% of its portfolio in Ball Corporation (NYSE:BLL) for 29,300 shares. Aviva Public Ltd Liability holds 0.04% or 83,693 shares in its portfolio. British Columbia Investment Management Corporation last reported 72,950 shares in the company. Employees Retirement System Of Texas has 0.01% invested in the company for 8,400 shares. Mizuho Trust And Bk Limited owns 205,577 shares or 0.05% of their US portfolio. Oakworth Capital has invested 0% of its portfolio in Ball Corporation (NYSE:BLL). Clinton Incorporated accumulated 0.09% or 27,916 shares. The Ohio-based Victory Capital Management Inc has invested 0% in Ball Corporation (NYSE:BLL). Teacher Retirement Systems Of Texas holds 0% of its portfolio in Ball Corporation (NYSE:BLL) for 9,636 shares. California State Teachers Retirement Systems last reported 361,836 shares in the company. Moreover, Highland Mgmt L P has 0.1% invested in Ball Corporation (NYSE:BLL) for 34,788 shares. Fic Cap accumulated 57,975 shares or 1.98% of the stock.
Insider Transactions: Since May 2, 2016, the stock had 14 buys, and 3 sales for $2.16 million net activity. Peterson James N sold 3,870 shares worth $309,145. $239,920 worth of Ball Corporation (NYSE:BLL) shares were bought by SOLSO THEODORE M. Another trade for 10,000 shares valued at $794,139 was made by Bouts Erik on Monday, August 8. $240,310 worth of Ball Corporation (NYSE:BLL) shares were bought by CAVE MICHAEL J. Shares for $1.29M were sold by Barker Shawn M. NELSON GEORGIA R bought $240,909 worth of stock or 3,000 shares. $190,337 worth of shares were bought by HAYES JOHN A on Monday, August 8.
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 Zacks.com published article titled: “Ball Corporation (BLL) to Sell Baltimore Specialty Tin Plant”, Businesswire.com published: “The Growler Station® Expands Product Portfolio with Ball Corporation CROWLER …” on September 28, 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.
BLL Company Profile
Ball Corporation (Ball), incorporated on December 19, 1922, 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. The Firm operates in four divisions: metal beverage packaging, Americas and Asia; metal beverage packaging, Europe; metal food and household products packaging, and aerospace and technologies. The Company’s product lines include aluminum and steel beverage containers. The Firm also produces steel food, aerosol, paint, general line and decorative specialty containers, as well as extruded aluminum aerosol and beverage containers and aluminum slugs. The Firm sells its packaging products to multinational beverage, food, personal care and household products companies. The Company’s aerospace business is engaged in the designing, development and manufacturing of aerospace systems for civil, commercial and national security aerospace markets. It produces spacecraft, instruments and sensors, radio frequency systems and components, data exploitation solutions and a range of aerospace technologies and products.
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