Ball Corporation (BLL) Draws Bullish Attention After Forming Double Top Pattern

December 7, 2017 - By Henry Gaston

Investors sentiment increased to 7.64 in Q2 2017. Its up 6.58, from 1.06 in 2017Q1. It is positive, as 38 investors sold Ball Corporation shares while 9 reduced holdings. 62 funds opened positions while 297 raised stakes. 585.36 million shares or 303.31% more from 145.14 million shares in 2017Q1 were reported.
2.00M are owned by Cooke Bieler Lp. Morgan Stanley invested 0.01% of its portfolio in Ball Corporation (NYSE:BLL). Fjarde Ap reported 0.07% stake. Triangle Wealth Mngmt has invested 0.19% in Ball Corporation (NYSE:BLL). Northern Tru accumulated 3.77 million shares. Cibc World Markets Corp has invested 0.02% of its portfolio in Ball Corporation (NYSE:BLL). Alps Incorporated holds 0% of its portfolio in Ball Corporation (NYSE:BLL) for 4,754 shares. Veritas Investment Mgmt Ltd Liability Partnership has 114 shares. Thomas White Limited holds 0.2% or 27,410 shares. Amf Pensionsforsakring Ab holds 0.27% or 323,166 shares in its portfolio. Omega Advsr holds 2.23% or 1.26 million shares. Atlantic Tru Gru Limited Liability Com owns 0% invested in Ball Corporation (NYSE:BLL) for 16,272 shares. 186,093 are held by Lord Abbett Co Ltd Liability Corp. Ngam Advsr Limited Partnership invested in 14,819 shares or 0.01% of the stock. Deutsche Bancorporation Ag accumulated 2.50M shares.

Since June 14, 2017, it had 0 buys, and 1 insider sale for $869,329 activity.

The chart of Ball Corporation (BLL) shows a double top with $44.48 target or 9.00 % above today’s $40.81 share price. The 8 months chart pattern indicates low risk for the $14.29B company. It was reported on Dec, 7 by Finviz.com. If the $44.48 price target is reached, the company will be worth $1.29B more. Double tops are rare but powerful chart patterns.

The stock increased 0.02% or $0.01 during the last trading session, reaching $40.81. About 1.67 million shares traded. Ball Corporation (NYSE:BLL) has risen 12.13% since December 7, 2016 and is uptrending. It has underperformed by 4.57% the S&P500.

Analysts await Ball Corporation (NYSE:BLL) to report earnings on February, 1. They expect $0.52 earnings per share, up 18.18 % or $0.08 from last year’s $0.44 per share. BLL’s profit will be $182.03M for 19.62 P/E if the $0.52 EPS becomes a reality. After $0.52 actual earnings per share reported by Ball Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Ball Corporation (NYSE:BLL) Ratings Coverage

Among 14 analysts covering Ball Corporation (NYSE:BLL), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Ball Corporation had 34 analyst reports since October 15, 2015 according to SRatingsIntel. The stock has “Hold” rating by BMO Capital Markets on Friday, August 25. Deutsche Bank maintained the shares of BLL in report on Tuesday, July 18 with “Buy” rating. On Monday, August 7 the stock rating was maintained by Barclays Capital with “Equal-Weight”. UBS initiated Ball Corporation (NYSE:BLL) on Monday, October 23 with “Buy” rating. The company was downgraded on Friday, August 5 by Vertical Research. Barclays Capital initiated it with “Equal-Weight” rating and $75 target in Thursday, July 14 report. BMO Capital Markets maintained Ball Corporation (NYSE:BLL) rating on Friday, June 2. BMO Capital Markets has “Hold” rating and $39.5000 target. The firm earned “Buy” rating on Friday, August 5 by Jefferies. On Friday, June 23 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating given on Tuesday, October 10 by Robert W. Baird.

More recent Ball Corporation (NYSE:BLL) news were published by: Prnewswire.com which released: “Ball Receives Multiple 2017 AEROBAL World Aluminium Aerosol Awards for its L …” on December 05, 2017. Also Nasdaq.com published the news titled: “Ball Corporation (BLL) Down to Strong Sell on Dismal Trends” on November 15, 2017. Nasdaq.com‘s news article titled: “Ball Corporation (BLL) Ex-Dividend Date Scheduled for November 30, 2017” with publication date: November 29, 2017 was also an interesting one.

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