In a report released today, Gus Richard from Northland Securities assigned a Buy rating to Ball (BLL), with a price target of $80.00. The company’s shares closed last Monday at $63.41.
According to TipRanks.com, Richard is a top 100 analyst with an average return of 22.2% and a 65.6% success rate. Richard covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Power Integrations, and Enphase Energy.
Ball has an analyst consensus of Moderate Buy, with a price target consensus of $78.56, representing a 22.5% upside. In a report issued on May 8, RBC Capital also maintained a Buy rating on the stock with a $74.00 price target.
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The company has a one-year high of $82.82 and a one-year low of $51.26. Currently, Ball has an average volume of 2.65M.
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.
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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.