BALL CORP (NYSE: BALL) has reported earnings for its second fiscal quarter (ending June 30) of $0.51 versus $0.40 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $1.89 versus $2.22 for the same period a year ago.
Recent Price Action
BALL CORP (NYSE: BALL) stock increased 1.1% on 8/1/24. The shares closed at $64.54. Moreover, above average trading volume at 148% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 4.0% during the last week.
Current PriceTarget Research Rating
BALL’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
BALL CORP has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. BALL CORP has a poor Appreciation Score of 24 but a good Power Rating of 76, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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