Barclays Initiates Coverage on Ball Corporation to Equal-weight

Barclays Initiates Coverage on Ball Corporation(NYSE:BLL). The shares have been rated Equal-weight. The rating by Barclays was issued on Jul 14, 2016.

Ball Corporation (BLL) shares turned negative on Mondays trading session with the shares closing down -0.1 points or -0.14% at a volume of 28,07,891. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $69.99. The peak price level was also seen at $69.99 while the days lowest was $68.68. Finally the shares closed at $69.93. The 52-week high of the shares is $76.69 while the 52-week low is $57.95. According to the latest information available, the market cap of the company is $9,911 M.

Ball Corporation(BLL) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.76B. Analysts had an estimated revenue of $1.89B. Earnings per share were $0.59. Analysts had estimated an EPS of $0.68.

Several Insider Transactions has been reported to the SEC. On May 12, 2016, James N Peterson (SVP & COO Global MF & HHP Pkg) sold 2,000 shares at $72.55 per share price.Also, On May 9, 2016, Hanno C Fiedler (Director) purchased 7,000 shares at $71.77 per share price.On May 3, 2016, Robert D Strain (Sr. VP BallCorp & Pres. BATC) purchased 200 shares at $71.36 per share price, according to the Form-4 filing with the securities and exchange commission.

Ball Corporation (Ball) is a supplier of metal packaging to the beverage food personal care and household products industries. The Company operates in four segments. The metal beverage packaging Americas and Asia segment consists of operations in the United States Canada Brazil and the PRC which manufacture aluminum containers used in beverage packaging. . The metal beverage packaging Europe segment consists of operations in Europe which manufacture and sell metal beverage containers. The metal food and household products packaging segment consists of operations in the United States Europe Canada Mexico and Argentina that manufacture and sell metal food aerosol paint general line and extruded aluminum containers decorative specialty containers and aluminum slugs. The aerospace and technologies segment consists of the manufacture and sale of aerospace and other related products and services provided for the defense civil space and commercial space industries.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *