Robert W. Baird Sticks to Its Buy Rating for Ball Corp

By Austin Angelo

In a report issued on October 10, Ghansham Panjabi from Robert W. Baird reiterated a Buy rating on Ball Corp (NYSE: BLL), with a price target of $45. The company’s shares opened today at $42.23, close to its 52-week high of $43.06.

According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 14.7% and a 83.6% success rate. Panjabi covers the Consumer Goods sector, focusing on stocks such as Multi Packaging Solutions, Sherwin-Williams Company, and Axalta Coating Systems.

Currently, the analyst consensus on Ball Corp is Moderate Buy and the average price target is $45.40, representing a 7.5% upside.

In a report issued on September 29, Jefferies also reiterated a Buy rating on the stock with a $49 price target.

The company has a one-year high of $43.06 and a one-year low of $35.65. Currently, Ball Corp has an average volume of 2.05M.

Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock.

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Ball Corp. provides metal packaging for beverages, foods and household products, and of aerospace and other technologies and services to commercial and governmental customers. It operates through the following business segments: Metal Beverage Packaging, Americas and Asia; Metal Beverage Packaging, Europe; Metal Food and Household Products Packaging; and Aerospace and Technologies. The Metal Beverage Packaging, Americas and Asia, segment consists of the metal beverage packaging, Americas, operations in the U.S., Canada and Brazil, and the metal beverage packaging, Asia, operations in the People’s Republic of China. The Metal Beverage Packaging, Europe, segment consists of operations in several countries in Europe, which manufactures and sells metal beverage containers, extruded aluminum aerosol containers and aluminum slugs. The Metal Food and Household Products Packaging, segment consists of operations in the U.S., Canada, Mexico and Argentina, which manufactures and sells metal food, aerosol, paint and general line containers, as well as decorative specialty containers, extruded aluminum aerosol containers and aluminum slugs. The Aerospace and Technologies segment consists of the manufacture and sale of aerospace and other related products and the providing of services used in the defense, civil space and commercial space industries. The company was founded by Edmund Burke Ball, Frank Clayton Ball, George A. Ball, Lucius Lorenzo Ball and William Charles Ball in 1880 and is headquartered in Broomfield, CO.