Zacks Investment Research Downgrades Ball Corporation (BLL) to Sell

Ball Corporation (NYSE:BLL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday.

According to Zacks, “Ball Corporation expects earnings per share growth for 2017 to be lower than the guidance range of 20-30% due to issues in the EMEA segment’s food can business. The company anticipates the decline in food can business to persist due to timing issues with some customers. Further, one of the company’s large customers is experimenting with an alternative substrate which remains a concern for Ball Corporation’s volume. Tight supply and demand situation in its global aluminum aerosol business and elevated expenses remain headwinds. Further, the company’s third quarter is a seasonally slow quarter. Its estimates have gone down over the past three months. Moreover, the company has underperformed the Zacks categorized sub-industry year to date.”

Several other research firms have also issued reports on BLL. BidaskClub raised shares of Ball Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Deutsche Bank AG reissued a “buy” rating and set a $47.00 target price (up from $44.00) on shares of Ball Corporation in a research note on Tuesday, July 18th. Robert W. Baird reissued a “buy” rating and set a $45.00 target price on shares of Ball Corporation in a research note on Thursday. Jefferies Group LLC reissued a “buy” rating and set a $47.00 target price on shares of Ball Corporation in a research note on Sunday, June 25th. Finally, Royal Bank Of Canada assumed coverage on shares of Ball Corporation in a research note on Monday, October 9th. They set an “outperform” rating and a $46.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Ball Corporation has an average rating of “Hold” and an average price target of $44.23.

Shares of Ball Corporation (NYSE:BLL) traded down 0.57% during trading on Monday, hitting $42.11. The stock had a trading volume of 402,849 shares. The firm has a market cap of $14.81 billion, a P/E ratio of 59.73 and a beta of 0.97. The firm has a 50 day moving average price of $40.91 and a 200 day moving average price of $40.34. Ball Corporation has a 12-month low of $35.65 and a 12-month high of $43.06.

Ball Corporation (NYSE:BLL) last announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.02). Ball Corporation had a return on equity of 17.63% and a net margin of 1.70%. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period in the prior year, the business posted $1.05 earnings per share. Ball Corporation’s revenue for the quarter was up 40.6% on a year-over-year basis. On average, equities analysts expect that Ball Corporation will post $2.03 earnings per share for the current fiscal year.

WARNING: “Zacks Investment Research Downgrades Ball Corporation (BLL) to Sell” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://ledgergazette.com/2017/10/16/zacks-investment-research-downgrades-ball-corporation-bll-to-sell.html.

In related news, VP Scott C. Morrison sold 13,249 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $40.35, for a total value of $534,597.15. Following the transaction, the vice president now directly owns 392,091 shares of the company’s stock, valued at approximately $15,820,871.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Lisa Ann Pauley sold 37,984 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $42.03, for a total transaction of $1,596,467.52. Following the completion of the transaction, the senior vice president now directly owns 108,905 shares in the company, valued at $4,577,277.15. The disclosure for this sale can be found here. Insiders sold a total of 129,601 shares of company stock worth $5,260,953 over the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp lifted its stake in Ball Corporation by 2.1% in the 1st quarter. Fifth Third Bancorp now owns 3,646 shares of the industrial products company’s stock valued at $271,000 after buying an additional 75 shares in the last quarter. HighTower Advisors LLC lifted its stake in Ball Corporation by 0.8% in the 1st quarter. HighTower Advisors LLC now owns 14,201 shares of the industrial products company’s stock valued at $1,055,000 after buying an additional 109 shares in the last quarter. Tredje AP fonden lifted its stake in Ball Corporation by 2.1% in the 2nd quarter. Tredje AP fonden now owns 11,270 shares of the industrial products company’s stock valued at $476,000 after buying an additional 230 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Ball Corporation by 3.7% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 20,718 shares of the industrial products company’s stock valued at $1,539,000 after buying an additional 740 shares in the last quarter. Finally, Garcia Hamilton & Associates LP DE lifted its stake in Ball Corporation by 9.6% in the 2nd quarter. Garcia Hamilton & Associates LP DE now owns 8,540 shares of the industrial products company’s stock valued at $360,000 after buying an additional 746 shares in the last quarter. 86.32% of the stock is currently owned by hedge funds and other institutional investors.

Ball Corporation Company Profile

Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industr

According to Zacks, “Ball Corporation expects earnings per share growth for 2017 to be lower than the guidance range of 20-30% due to issues in the EMEA segment’s food can business. The company anticipates the decline in food can business to persist due to timing issues with some customers. Further, one of the company’s large customers is experimenting with an alternative substrate which remains a concern for Ball Corporation’s volume. Tight supply and demand situation in its global aluminum aerosol business and elevated expenses remain headwinds. Further, the company’s third quarter is a seasonally slow quarter. Its estimates have gone down over the past three months. Moreover, the company has underperformed the Zacks categorized sub-industry year to date.”

Several other research firms have also issued reports on BLL. BidaskClub raised shares of Ball Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Deutsche Bank AG reissued a “buy” rating and set a $47.00 target price (up from $44.00) on shares of Ball Corporation in a research note on Tuesday, July 18th. Robert W. Baird reissued a “buy” rating and set a $45.00 target price on shares of Ball Corporation in a research note on Thursday. Jefferies Group LLC reissued a “buy” rating and set a $47.00 target price on shares of Ball Corporation in a research note on Sunday, June 25th. Finally, Royal Bank Of Canada assumed coverage on shares of Ball Corporation in a research note on Monday, October 9th. They set an “outperform” rating and a $46.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Ball Corporation has an average rating of “Hold” and an average price target of $44.23.

Shares of Ball Corporation (NYSE:BLL) traded down 0.57% during trading on Monday, hitting $42.11. The stock had a trading volume of 402,849 shares. The firm has a market cap of $14.81 billion, a P/E ratio of 59.73 and a beta of 0.97. The firm has a 50 day moving average price of $40.91 and a 200 day moving average price of $40.34. Ball Corporation has a 12-month low of $35.65 and a 12-month high of $43.06.

Ball Corporation (NYSE:BLL) last announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.02). Ball Corporation had a return on equity of 17.63% and a net margin of 1.70%. The company had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period in the prior year, the business posted $1.05 earnings per share. Ball Corporation’s revenue for the quarter was up 40.6% on a year-over-year basis. On average, equities analysts expect that Ball Corporation will post $2.03 earnings per share for the current fiscal year.

WARNING: “Zacks Investment Research Downgrades Ball Corporation (BLL) to Sell” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://ledgergazette.com/2017/10/16/zacks-investment-research-downgrades-ball-corporation-bll-to-sell.html.

In related news, VP Scott C. Morrison sold 13,249 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $40.35, for a total value of $534,597.15. Following the transaction, the vice president now directly owns 392,091 shares of the company’s stock, valued at approximately $15,820,871.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Lisa Ann Pauley sold 37,984 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $42.03, for a total transaction of $1,596,467.52. Following the completion of the transaction, the senior vice president now directly owns 108,905 shares in the company, valued at $4,577,277.15. The disclosure for this sale can be found here. Insiders sold a total of 129,601 shares of company stock worth $5,260,953 over the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp lifted its stake in Ball Corporation by 2.1% in the 1st quarter. Fifth Third Bancorp now owns 3,646 shares of the industrial products company’s stock valued at $271,000 after buying an additional 75 shares in the last quarter. HighTower Advisors LLC lifted its stake in Ball Corporation by 0.8% in the 1st quarter. HighTower Advisors LLC now owns 14,201 shares of the industrial products company’s stock valued at $1,055,000 after buying an additional 109 shares in the last quarter. Tredje AP fonden lifted its stake in Ball Corporation by 2.1% in the 2nd quarter. Tredje AP fonden now owns 11,270 shares of the industrial products company’s stock valued at $476,000 after buying an additional 230 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Ball Corporation by 3.7% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 20,718 shares of the industrial products company’s stock valued at $1,539,000 after buying an additional 740 shares in the last quarter. Finally, Garcia Hamilton & Associates LP DE lifted its stake in Ball Corporation by 9.6% in the 2nd quarter. Garcia Hamilton & Associates LP DE now owns 8,540 shares of the industrial products company’s stock valued at $360,000 after buying an additional 746 shares in the last quarter. 86.32% of the stock is currently owned by hedge funds and other institutional investors.

Ball Corporation Company Profile

Ball Corporation 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. Its segments include beverage packaging, North and Central America; beverage packaging, South America; beverage packaging, Europe; food and aerosol packaging; aerospace, and other.

Analyst Recommendations for Ball Corporation (NYSE:BLL)

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