Ball Corporation [BLL] Is Currently -0.26 below its 200 Period Moving Avg: What Dose This Mean?

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Ball Corporation [NYSE: BLL] loss -0.26% on the last trading session, reaching $75.33 price per share at the time. The company report on August 10, 2020 that Ball Corporation Prices $1.3 Billion of Senior Notes.

Ball Corporation (NYSE: BLL) announced today that it priced an underwritten public offering of $1.3 billion in aggregate principal amount of 2.875% Senior Notes due 2030 (the “Notes”). The offering is expected to close on August 13, 2020, subject to customary closing conditions and other factors.

Ball Corporation (“Ball”) intends to use the net proceeds from this offering of the Notes to repay outstanding borrowings under its revolving credit facilities and for general corporate purposes, which may include potential investments in strategic alliances and acquisitions, the repurchase or redemption of debt, including its 5.00% Senior Notes due 2022, working capital, share repurchases, pension contributions or capital expenditures.

Ball Corporation represents 325.35 million in outstanding shares, while the company has a total market value of $24.20 billion with the latest information. BLL stock price has been found in the range of $75.25 to $75.94.

If compared to the average trading volume of 2.06M shares, BLL reached a trading volume of 1876122 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Ball Corporation [BLL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BLL shares is $79.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BLL stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Jefferies have made an estimate for Ball Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 13, 2020. While these analysts kept the previous recommendation, Goldman dropped their target price from $77 to $68. The new note on the price target was released on March 24, 2020, representing the official price target for Ball Corporation stock.

The Average True Range (ATR) for Ball Corporation is set at 1.62, with the Price to Sales ratio for BLL stock in the period of the last 12 months amounting to 2.11. The Price to Book ratio for the last quarter was 9.32, with the Price to Cash per share for the same quarter was set at 2.49. Price to Free Cash Flow for BLL in the course of the last twelve months was 31.52 with Quick ratio for the last quarter at 0.70.

Trading performance analysis for BLL stock

Ball Corporation [BLL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.55. With this latest performance, BLL shares gained by 4.05% in over the last four-week period, additionally sinking by -1.81% over the last 6 months – not to mention a drop of -2.75% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BLL stock in for the last two-week period is set at 63.56, with the RSI for the last a single of trading hit 64.32, and the three-weeks RSI is set at 59.60 for Ball Corporation [BLL]. The present Moving Average for the last 50 days of trading for this stock 71.96, while it was recorded at 75.09 for the last single week of trading, and 68.74 for the last 200 days.

Ball Corporation [BLL]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Ball Corporation [BLL] shares currently have an operating margin of +8.75 and a Gross Margin at +14.51. Ball Corporation’s Net Margin is presently recorded at +4.94.

Return on Total Capital for BLL is now 9.38, given the latest momentum, and Return on Invested Capital for the company is 5.82. Return on Equity for this stock inclined to 17.67, with Return on Assets sitting at 3.34. When it comes to the capital structure of this company, Ball Corporation [BLL] has a Total Debt to Total Equity ratio set at 273.18. Additionally, BLL Total Debt to Total Capital is recorded at 73.20, with Total Debt to Total Assets ending up at 46.41. Long-Term Debt to Equity for the company is recorded at 221.02, with the Long-Term Debt to Total Capital now at 59.23.

Reflecting on the efficiency of the workforce at the company, Ball Corporation [BLL] managed to generate an average of $30,929 per employee. Receivables Turnover for the company is 6.67 with a Total Asset Turnover recorded at a value of 0.68.Ball Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.10.

Ball Corporation [BLL]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Ball Corporation posted 0.7/share EPS, while the average EPS was predicted by analysts to be reported at 0.72/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BLL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ball Corporation go to 10.45%.

An analysis of insider ownership at Ball Corporation [BLL]

There are presently around $20,601 million, or 86.20% of BLL stock, in the hands of institutional investors. The top three institutional holders of BLL stocks are: VANGUARD GROUP INC with ownership of 38,258,189, which is approximately 1.544% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 25,274,141 shares of the stock with an approximate value of $1.9 billion in BLL stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $1.85 billion in BLL stock with ownership of nearly 2.499% of the company’s market capitalization.

Positions in Ball Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 281 institutional holders increased their position in Ball Corporation [NYSE:BLL] by around 29,469,671 shares. Additionally, 311 investors decreased positions by around 20,420,923 shares, while 101 investors held positions by with 223,580,878 shares. The mentioned changes placed institutional holdings at 273,471,472 shares, according to the latest SEC report filing. BLL stock had 78 new institutional investments in for a total of 8,989,549 shares, while 74 institutional investors sold positions of 3,201,439 shares during the same period.

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