Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for BALL CORP (NYSE: BALL) improved in recent days. BALL’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
BALL CORP (NYSE: BALL) stock declined slightly by -0.3% on 6/14/24. The stock closed at $66.01. However, trading volume in this decline was below average at 69% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -5.4% 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 B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. BALL CORP has a slightly negative Appreciation Score of 31 but a very high Power Rating of 92, leading to the Positive Value Trend Rating.
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