Ball Corporation (BLL) is Resumed by BofA/Merrill to Buy, Price Target at $80

Ball Corporation (BLL) was Resumed by BofA/Merrill to “Buy” and the brokerage firm has set the Price Target at $80. BofA/Merrill advised their investors in a research report released on Jul 7, 2016.

On the company’s financial health, Ball Corporation reported $0.59 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.69. The company had revenue of $1756.00 million for the quarter, compared to analysts expectations of $1881.80 million. The company’s revenue was down -8.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.

Ball Corporation closed down -1.36 points or -1.90% at $70.05 with 30,63,507 shares getting traded on Tuesday. Post opening the session at $71.24, the shares hit an intraday low of $69.67 and an intraday high of $71.4 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on May 12, 2016, James N Peterson (SVP & COO Global MF & HHP Pkg) sold 2,000 shares at $72.55 per share price. According to the SEC, on May 9, 2016, Hanno C Fiedler (Director) purchased 7,000 shares at $71.77 per share price. On May 3, 2016, Robert D Strain (Sr. VP BallCorp & Pres. BATC) purchased 200 shares at $71.36 per share price, according to the Form-4 filing with the securities and exchange commission.

Ball Corporation (Ball) is a supplier of metal packaging to the beverage food personal care and household products industries. The Company operates in four segments. The metal beverage packaging Americas and Asia segment consists of operations in the United States Canada Brazil and the PRC which manufacture aluminum containers used in beverage packaging. . The metal beverage packaging Europe segment consists of operations in Europe which manufacture and sell metal beverage containers. The metal food and household products packaging segment consists of operations in the United States Europe Canada Mexico and Argentina that manufacture and sell metal food aerosol paint general line and extruded aluminum containers decorative specialty containers and aluminum slugs. The aerospace and technologies segment consists of the manufacture and sale of aerospace and other related products and services provided for the defense civil space and commercial space industries.

Ball Corporation

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