Is Ball Corporation (BLL) a Keeper? Bullish Price Target $87.00

Ball Corporation (NYSE:BLL) went up by 1.99% from its latest closing price when compared to the 1-year high value of $82.82 and move down -1.04%, while BLL stocks collected 5.81% of gains with the last five trading sessions. Press Release reported on 08/31/20 that Ball Completes Acquisition of Tubex Aluminum Aerosol Packaging Business in Brazil

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Ball Corporation (NYSE:BLL) Worth an Investment?

Ball Corporation (NYSE: BLL) scored price to earnings ratio above its average ratio, recording 74.52 times of increase in earnings at the present.

BLL Market Performance

BLL stocks went up by 5.81% for the week, with the monthly jump of 10.50% and a quarterly performance of 10.85%, while its annual performance rate touched 2.55%. The simple moving average for the period of the last 20 days is 7.22% for BLL stocks with the simple moving average of 18.12% for the last 200 days.

Analysts’ Opinion on Ball Corporation (NYSE:BLL)

Many brokerage firms have already submitted their reports for BLL stocks, with Jefferies repeating the rating for BLL shares by setting it to “Hold”. The predicted price for BLL socks in the upcoming period according to Jefferies is $69 based on the research report published on July 13, 2020.

Goldman, on the other hand, stated in their research note that they expect to see BLL stock at the price of $68, previously predicting the value of $77. The rating they have provided for BLL stocks is “Buy” according to the report published on March 24, 2020.

Northland Capital gave “Outperform” rating to BLL stocks, setting the target price at $68 in the report published on December 2, 2019.

BLL Stocks 11.35% Far from 50 Day Moving Average

After a stumble in the market that brought BLL to its low price for the period of the last 52 weeks, Ball Corporation was unable to take a rebound, for now settling with -1.03% of loss for the given period.

The stock volatility was left at 1.78%, however, within the period of a single month, the volatility rate increased by 1.89%, while the shares surge at the distance of +9.10% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by +15.32% upper at the present time.

In the course of the last 5 trading sessions, BLL went up by +5.81%, which changed the moving average for the period of 200 days to the total of +24.69% of gains for the stock in comparison to the 20-day moving average settled at $76.79. In addition, Ball Corporation saw 26.75% in overturn over the period of a single year with a tendency to cut further gains.

BLL Stock Insider Trading

Reports are indicating that there were more than several insider trading activities at Ball Corporation (BLL), starting from STRAIN ROBERT D, who sold 7,887 shares at the price of $77.41 back on Aug 25. After this action, Rushing now owns 45,218 shares of Ball Corporation, valued at $610,496 with the latest closing price.

Carey Nate C, the Vice President & Controller of Ball Corporation, sold 3,046 shares at the value of $76.05 during a trade that took place back on Aug 18, which means that Carey Nate C is holding 10,175 shares at the value of $231,636 based on the most recent closing price.

BLL Stock Fundamentals

The current profitability levels are settled at +8.75 for the present operating margin and +14.51 for gross margin. The net margin for Ball Corporation stands at +4.94. Total capital return value is set at 9.38, while invested capital returns managed to touch 5.82. Equity return holds the value 12.60%, with 2.20% for asset returns.

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Based on Ball Corporation (BLL), the company’s capital structure generated 273.18 points for debt to equity in total, while total debt to capital is set at the value of 73.20. Total debt to assets is settled at the value of 46.41 with long-term debt to equity ratio rests at 3.05 and long-term debt to capital is 221.02.

The value for Enterprise to Sales is 2.47 with debt to enterprise value settled at 0.28. The receivables turnover for Ball Corporation is 6.67 with the total asset turnover at the value of 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.88.

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