RBC Capital analyst Arun Viswanathan maintained a Buy rating on Ball (BLL) on May 8 and set a price target of $74.00. The company’s shares closed last Friday at $64.56.
According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 4.2% and a 54.2% success rate. Viswanathan covers the Industrial Goods sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and GrafTech International.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ball with a $78.56 average price target, representing a 18.9% upside. In a report issued on May 7, Northland Securities also assigned a Buy rating to the stock with a $80.00 price target.
See today’s analyst top recommended stocks >>
Based on Ball’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.72 billion and net profit of $160 million. In comparison, last year the company earned revenue of $2.8 billion and had a net profit of $151 million.
Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BLL in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ball Corp. provides metal packaging for beverages, foods and household products. It operates through the following business segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; and Aerospace. The Beverage Packaging, North and Central America segment sold under multi-year supply contracts to fillers of carbonated soft drinks, beer, energy drinks and other beverages. The Beverage Packaging, South America segment sales volumes of beverage containers in South America, and manufacture substantially all of the metal beverage containers in Brazil. The Beverage Packaging, Europe segment sales volumes of metal beverage containers in Europe, and other packaging materials used by the European beer and carbonated soft drink industries. The Aerospace segment provides diversified technical services and products to government agencies, prime contractors and commercial organizations for a broad range of information warfare, electronic warfare, avionics, intelligence, training and space system needs. The company was founded by Edmund Burke Ball, Frank Clayton Ball, George A. Ball, Lucius Lorenzo Ball and William Charles Ball in 1880 and is headquartered in Broomfield, CO.