Jefferies Group restated their hold rating on shares of Ball Corp. (NYSE: BLL) in a report issued on Wednesday, AnalystRatings.Net reports. They currently have a $46.00 target price on the stock, up from their previous target price of $42.00.
“We expect 2Q results to be soft, driven by bad weather and FX, but we believe the news is baked into the stocks already. With weather normalizing, pricing flowing through more fully, and the group generating record FCF, we remain constructive on the sector.,” the firm’s analyst commented.
A number of other firms have also recently commented on BLL. Analysts at Goldman Sachs Group Inc. reiterated a neutral rating on shares of Ball Corp. in a research note to investors on Wednesday. They now have a $47.00 price target on the stock. Separately, analysts at Macquarie reiterated a neutral rating on shares of Ball Corp. in a research note to investors on Tuesday. They now have a $47.00 price target on the stock. Finally, analysts at Robert W. Baird upgraded shares of Ball Corp. from a neutral rating to an outperform rating in a research note to investors on Wednesday, June 19th. They now have a $50.00 price target on the stock, up previously from $48.00.
Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. Ball Corp. presently has an average rating of Hold and a consensus target price of $47.08.
Shares of Ball Corp. (NYSE: BLL) traded up 0.09% during mid-day trading on Wednesday, hitting $45.25. Ball Corp. has a 52 week low of $39.33 and a 52 week high of $48.50. The stock’s 50-day moving average is currently $43.10. The company has a market cap of $6.731 billion and a P/E ratio of 18.22.
Ball Corporation (NYSE: BLL) is a supplier of metal packaging to the beverage, food, personal care and household products industries.