Ball Corporation [NYSE: BLL] closed the trading session at $86.55 on 10/07/20. The day’s price range saw the stock hit a low of $85.515, while the highest price level was $86.87. The company report on October 7, 2020 that Ball Aerospace Ships Ozone Mapping Instrument for Weather Satellite.
The Ball-built instrument will be integrated onto NOAA’s Joint Polar Satellite System-2 weather satellite.
Ball Aerospace has shipped the Ozone Mapping Profile Suite (OMPS) instrument for integration onto NOAA’s Joint Polar Satellite System-2 (JPSS-2) weather satellite.
The stocks have a year to date performance of 33.83 percent and weekly performance of 4.13 percent. The stock has been moved at 28.05 percent over the last six months. The stock has performed 7.45 percent around the most recent 30 days and changed 20.63 percent over the most recent 3-months.
If compared to the average trading volume of 1.73M shares, BLL reached to a volume of 1299476 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $81.29 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 2.12, with the Price to Sales ratio for BLL stock in the period of the last 12 months amounting to 2.51. The Price to Book ratio for the last quarter was 10.22, with the Price to Cash per share for the same quarter was set at 1.97. Price to Free Cash Flow for BLL in the course of the last twelve months was 300.43 with Quick ratio for the last quarter at 0.60.
BLL stock trade performance evaluation
Ball Corporation [BLL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.13. With this latest performance, BLL shares gained by 7.45% in over the last four-week period, additionally plugging by 28.05% over the last 6 months – not to mention a rise of 21.20% 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 66.84, with the RSI for the last a single of trading hit 69.95, and the three-weeks RSI is set at 65.06 for Ball Corporation [BLL]. The present Moving Average for the last 50 days of trading for this stock 79.47, while it was recorded at 84.30 for the last single week of trading, and 71.66 for the last 200 days.
Ball Corporation [BLL]: An insightful look at the core fundamentals
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 0.60 and a Current Ratio set at 1.00.
Earnings per share (EPS) analysis for Ball Corporation [BLL] stock
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%.
Ball Corporation [BLL]: Insider Ownership positions
There are presently around $23,626 million, or 86.60% of BLL stock, in the hands of institutional investors. The top three institutional holders of BLL stocks are: VANGUARD GROUP INC with ownership of 37,070,373, which is approximately -3.105% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 24,880,787 shares of the stock with an approximate value of $2.15 billion in BLL stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $2.1 billion in BLL stock with ownership of nearly -1.228% 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 282 institutional holders increased their position in Ball Corporation [NYSE:BLL] by around 23,296,769 shares. Additionally, 296 investors decreased positions by around 20,015,169 shares, while 100 investors held positions by with 229,657,637 shares. The mentioned changes placed institutional holdings at 272,969,575 shares, according to the latest SEC report filing. BLL stock had 72 new institutional investments in for a total of 6,177,730 shares, while 61 institutional investors sold positions of 1,730,751 shares during the same period.