Vertical Research Downgrades Ball Corporation to Hold

Brokerage firm Vertical Research Downgrades its rating on Ball Corporation(NYSE:BLL). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Vertical Research was issued on Aug 5, 2016.

In a different note, On Jul 29, 2016, Citigroup said it Assumes its rating on Ball Corporation. The shares have been rated ‘Neutral’ by the firm. Barclays said it Initiates Coverage on Ball Corporation, according to a research note issued on Jul 14, 2016. The shares have been rated ‘Equal-weight’ by the firm.

Ball Corporation (BLL) shares turned negative on Wednesdays trading session with the shares closing down -0.03 points or -0.04% at a volume of 10,11,467. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $80.345. The peak price level was also seen at $80.345 while the days lowest was $79.79. Finally the shares closed at $80.26. The 52-week high of the shares is $81.25 while the 52-week low is $57.95. According to the latest information available, the market cap of the company is $13,984 M.

Ball Corporation has also declared a cash dividend of $0.1300 on Jul 27, 2016. The shares will quote ex-dividend on Aug 30, 2016 and the record date has been fixed on Sep 1, 2016. The dividend payable date has been fixed on Sep 15, 2016.

Ball Corporation(BLL) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.03B. Analysts had an estimated revenue of $2.17B. Earnings per share were $1.05. Analysts had estimated an EPS of $0.99.

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.

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