Jefferies May Have Just Upped Their Stakes in Ball Corp (NYSE:BLL)


Ball Corp (NYSE:BLL) Stock Upgrade

It will be interesting to watch today’s trading of shares of Ball Corp (NYSE:BLL) as Jefferies raised the stock from a “Hold” to a respectable “Buy”.

From a total of 7 analysts covering Ball Corporation (NYSE:BLL) stock, 3 rate it a ”Buy”, 0 a “Sell”, and 6 a ”Hold”. This means that 33% of the ratings are positive. The highest target price is $85 while the lowest target price is $70. The mean of all analyst targets is $77.43 with a 2.86% above today’s ($69.51) stock price. Ball Corporation was the topic of 4 analyst reports since October 15, 2015 according to the firm StockzIntelligence Inc. Wells Fargo upgraded shares on December 3 to “Outperform” rating.

Approximately 684,387 shares of stock traded hands. Ball Corporation (NYSE:BLL) has declined 6.61% since May 6, 2015 and is downtrending. It has underperformed by 5.81% the S&P500.

The overall sentiment of institutions has increased to 0.72 in Q2 2015. Its up 0.08, from 0.64 in 2015Q2. The ratio improved, as 58 institutions have sold all the shares of Ball Corporation that they owned while 159 funds have taken shares off the table. 47 funds have purchased shares for the first time while 110 added to their positions. These institutions now hold 118.33 million shares or 9.36% more than the 108.20 million shares they owned in 2015Q2.

The Fund Newtyn Management Llc currently is holding shares equating to 12.05% of its total portfolio in Ball Corporation representing a total of 750,000 shares. Another fund,Perry Corp, is holding a total of 3.48 million shares equating to 8.53% of their holdings. Additionally, Spf Beheer Bv has a 990,155 share stake in Ball Corporation which represents 3.18% of their total portfolio. The Fund, Highline Capital Management Llc, based out of New York, has also built up a stake in the stock, which represents a total of 3.02% of their total portfolio. Finally Senator Investment Group Lp, a fund which is based in the state of New York reported a total holdings of 3.50 million shares.

Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The company has a market cap of $9.48 billion. The Firm operates in four divisions. It has 32.5 P/E ratio. The metal beverage packaging, Americas and Asia segment consists of activities in the United States, Canada, Brazil and the PRC, which manufacture aluminum containers used in beverage packaging. .

According to Zacks Investment Research, “Ball is a manufacturer of metal and plastic packaging, primarily for beverages and foods, and a supplier of aerospace and other technologies and services to commercial and governmental customers.” Get a free copy of the Zacks research report on Ball Corporation (BLL).