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Friday, November 27, 2020

Ball Corporation (NYSE:BLL) Stock is Plummeting, Here is Why

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Ball Corporation (BLL) shares are trading at lower $91.13 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $90.00.

To add more color to this target, the company’s high over the last year is $93.49 and the low is $51.26. Over the last 52 weeks, BLL is up 28.21% while the S&P 500 is up 14.92%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, BLL reported a profit of $571.0 million. Ball Corporation also saw revenues increase to $2.8 billion. In addition, BLL has free cash flow of -$679.0 million as of 06-2020. The company’s EBITDA came in at $348.0 million which compares well with its peers.

BLL booked profit margins of 3.30%, its Return on Equity (ROE) is 12.60%, and its Return on Assets is 2.20%. All told, it is clear that, BLL needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BLL has a short ratio of 6.28 and outstanding shares of 325.99M.

Company Outlook

BLL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.18 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.10. Ball Corporation BLL also noted assets of $16.61 billion at the end of the last quarter. Investors should also keep an eye on sector updates as BLL has historically followed its peers on positive news.

All told, Ball Corporation BLL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BLL represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Ball Corporation BLL is now commanding a market cap of 29.56B and a float of 324.55M. BLL is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BLL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in BLL, either long or short, and we have not been compensated for this article.

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