November 28, 2016 - By Marie Mckinney · 0 Comments
Ball Corp (NYSE:BLL) institutional sentiment decreased to 1.32 in Q2 2016. Its down -0.14, from 1.46 in 2016Q1. The ratio fall, as 204 investment managers started new or increased equity positions, while 140 cut down and sold their stakes in Ball Corp. The investment managers in our partner’s database reported: 129.58 million shares, up from 117.30 million shares in 2016Q1. Also, the number of investment managers holding Ball Corp in their top 10 equity positions increased from 8 to 13 for an increase of 5. Sold All: 36 Reduced: 104 Increased: 159 New Position: 45.
Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The company has a market cap of $13.42 billion. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. It has a 42.39 P/E ratio. 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.
About 325,079 shares traded hands. Ball Corporation (NYSE:BLL) has risen 3.15% since April 25, 2016 and is uptrending. It has underperformed by 2.87% the S&P500.
Analysts await Ball Corporation (NYSE:BLL) to report earnings on January, 26. They expect $0.86 EPS, up 7.50% or $0.06 from last year’s $0.8 per share. BLL’s profit will be $149.17 million for 22.49 P/E if the $0.86 EPS becomes a reality. After $0.96 actual EPS reported by Ball Corporation for the previous quarter, Wall Street now forecasts -10.42% negative EPS growth.
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.”
Perry Corp holds 13.57% of its portfolio in Ball Corporation for 2.69 million shares. Newtyn Management Llc owns 900,000 shares or 12.53% of their US portfolio. Moreover, Seven Locks Capital Management Lp has 7.46% invested in the company for 189,448 shares. The New York-based Roystone Capital Management Lp has invested 6.93% in the stock. Senator Investment Group Lp, a New York-based fund reported 5.35 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 12 buys, and 2 sales for $1.79 million net activity.
Ratings analysis reveals 57% of Ball Corporation’s analysts are positive. Out of 7 Wall Street analysts rating Ball Corporation, 4 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $69 while the high is $94. The stock’s average target of $82 is 5.98% above today’s ($77.37) share price. BLL was included in 12 notes of analysts from October 15, 2015. Macquarie Research upgraded the stock to “Outperform” rating in Tuesday, November 10 report. Barclays Capital initiated Ball Corporation (NYSE:BLL) rating on Thursday, July 14. Barclays Capital has “Equal-Weight” rating and $75 price target. Citigroup maintained it with “Neutral” rating and $80 target price in Friday, August 5 report. The rating was upgraded by Jefferies on Wednesday, December 9 to “Buy”. The stock of Ball Corporation (NYSE:BLL) earned “Hold” rating by Vertical Research on Friday, August 5. As per Friday, August 5, the company rating was maintained by Jefferies. The stock of Ball Corporation (NYSE:BLL) earned “Neutral” rating by Citigroup on Friday, July 29. On Thursday, March 31 the stock rating was upgraded by JP Morgan to “Overweight”. On Thursday, December 3 the stock rating was upgraded by Wells Fargo to “Outperform”.
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.
More important recent Ball Corporation (NYSE:BLL) news were published by: Prnewswire.com which released: “Ball Corporation Wins Aerosol Packaging Award for Innovative ReAlâ„¢ Canmaking” on November 09, 2016, also Prnewswire.com published article titled: “Ball Corporation to Present at R.W. Baird 2016 Global Industrial Conference”, Nasdaq.com published: “Ball Corporation (BLL) Surpasses Q3 Earnings, Revenues Lag” on November 03, 2016. More interesting news about Ball Corporation (NYSE:BLL) was released by: Zacks.com and their article: “Ball Corporation (BLL) Q3 Earnings: A Surprise in Store?” with publication date: November 01, 2016.
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By Marie Mckinney