Ball's (BLL) Overweight Rating Reaffirmed at JPMorgan Chase & Co

Lloyd Doyle
February 10, 2018

Natl Bank Of Mellon has invested 0.04% in Ball Corporation (NYSE:BLL). Further, Ball Corporation will likely lag its 2017 EBITDA goal due to dismal performance in the North and Central American metal beverage business in the third quarter. The Three Peaks Capital Management Llc holds 282,565 shares with $11.67 million value, down from 289,969 last quarter. Year to Date performance value (YTD perf) value is -12.78%. Getting in too late on a stock that has already made a move can leave investors wondering what went wrong.

Ball Corporation (NYSE:BLL) reported its EPS in the last quarter as $0.6/Share beating the analyst estimate of $0.52/Share by a difference of $0.08.

BLL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reissued an "overweight" rating and issued a $48.00 price objective (up from $47.00) on shares of Ball in a research note on Thursday. Finally, Robert W. Baird reaffirmed a "buy" rating and issued a $45.00 target price on shares of Ball in a report on Thursday, October 12th. Huntington National Bank who had been investing in Ball Corp for a number of months, seems to be less bullish one the $13.46B market cap company. Drexel Hamilton upgraded the shares of VEC in report on Thursday, May 11 to "Buy" rating. The stock was sold at an average price of $39.73, for a total value of $220,302.85. Ball now has an average rating of "Hold" and an average price target of $45.21. Ball Corporation (NYSE:BLL)'s short interest is 18.74 million shares, or 5.47% of the float. Following the completion of the sale, the chief operating officer now owns 38,008 shares of the company's stock, valued at approximately $1,446,204.40. The stock has a market capitalization of $13,767.69, a PE ratio of 34.32, a price-to-earnings-growth ratio of 3.20 and a beta of 0.97. Year-end net debt of $6.5 billion was almost $400 million lower versus last year despite $275 million of higher year-over-year foreign exchange rates on our foreign currency-denominated debt, pension funding of approximately $200 million, and $205 million of combined share repurchases and dividends. The company has a quick ratio of 0.66, a current ratio of 0.92 and a debt-to-equity ratio of 1.60. The industrial products company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.08. Ball Corporation had a net margin of 1.70% and a return on equity of 17.63%. A few years ago, Ball introduced ReAl - a revolutionary technology utilizing recycled aluminum to create a metal alloy that exhibits increased strength and allows weight reduction of the container without affecting package integrity. Shareholders of record on Friday, September 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Wednesday, February 28th. Ball Corporation's payout ratio is presently 78.43%.

In related news, Chairman John A. Hayes sold 6,782 shares of the business's stock in a transaction on Friday, January 5th.

Shares of Ball (NYSE:BLL) opened at $38.44 on Friday. The shares were sold at an average price of $38.05, for a total value of $51,329.45. Investors may then want to see how the company stacks up within the industry. The disclosure for this sale can be found here. Following the transaction, the senior vice president now directly owns 108,905 shares of the company's stock, valued at approximately $4,258,185.50.

Hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in shares of Ball by 5,297.8% during the 2nd quarter. Fundamental analysis takes into consideration market, industry and stock conditions to help determine if the shares are correctly valued. Benjamin F. Edwards & Company Inc. increased its position in Ball by 63.0% during the 4th quarter. The stock decreased 1.01% or $0.51 during the last trading session, reaching $50.07. Dupont Capital Management Corp purchased a new stake in shares of Ball during the 4th quarter valued at approximately $164,000. Eaton Vance Management grew its stake in shares of Ball Corporation by 116.2% during the 2nd quarter.

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