The shares of Ball Corporation (NYSE:BLL) has been pegged with a rating of Overweight by Morgan Stanley in its latest research note that was published on January 17th, 2019. Morgan Stanley wasn’t the only research firm that published a report of Ball Corporation, with other equities research analysts also giving their opinion on the stock. Vertical Research advised investors in its research note published on November 2nd, 2018, to Hold the BLL stock. The stock had earned Sector Weight rating from KeyBanc Capital Mkts when it published its report on February 12th, 2018. The stock was given Overweight rating by JP Morgan in its report released on February 8th, 2018, the day when the price target on the stock was placed at $48. Citigroup was of a view that BLL is Buy in its latest report on January 17th, 2018. KeyBanc Capital Mkts thinks that BLL is worth Underweight rating. This was contained in the firm’s report on December 8th, 2017.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 4 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $52.62. The price of the stock the last time has raised by 55.29% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 71.76.
The shares of the company added by 1.20% during the trading session on Friday, reaching a low of $52.84 while ending the day at $53.90. During the trading session, a total of 2.93 million shares were traded which represents a 14.18% incline from the average session volume which is 3.41M shares. BLL had ended its last session trading at 53.26. Ball Corporation currently has a market cap of $18.07B, while its P/E ratio stands at 37.96, while its P/E earnings growth sits at 1.55, with a beta of 0.81. Ball Corporation debt-to-equity ratio currently stands at 1.83, while its quick ratio hovers at 0.70. BLL 52-week low price stands at $34.71 while its 52-week high price is $53.47.
The company in its last quarterly report recorded $0.55 earnings per share which is below the $0.56 predicted by most analysts. The Ball Corporation generated $2,803.00 million in revenue during the last quarter, which is slightly higher than the $2,660.20 million predicted by analysts. In the second quarter last year, the firm recorded $0.56 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -1.82%. Ball Corporation has the potential to record 1.42 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Barclays published a research note on January 16th, 2019 where it informed investors and clients that Centennial Resource Development, Inc. (NASDAQ:CDEV) is now rated as Underweight. Their price target on the stock stands at $14. Vertical Research also rated CDEV as Downgrade on November 2nd, 2018, with its price target of $380 suggesting that CDEV could surge by 38.97% from its current share price. Even though the stock has been trading at $12.46/share, analysts expect it to surge higher by -1.61% to reach $20.09/share. It started the day trading at $12.54 and traded between $11.98 and $12.26 throughout the trading session.
A look at its technical shows that CDEV’s 50-day SMA is 13.07 while its 200-day SMA stands at 17.36. The stock has a high of $23.12 for the year while the low is $9.87. The company’s P/E ratio currently sits at 16.84, while the P/B ratio is 1.06. The company’s average trading volume currently stands at 3.33M shares, which means that the short-interest ratio is just 8.51 days. Over the past seven days, the company moved, with its shift of -7.96%. Looking further, the stock has dropped -38.48% over the past 90 days while it lost -33.33% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Fidelity Management Research Co bought more CDEV shares, increasing its portfolio by +28.47% during the last quarter. This move now sees Fidelity Management Research Co purchasing 8,432,725 shares in the last quarter, thus it now holds 38,051,675 shares of CDEV, with a total valuation of $419,329,459. T Rowe Price Associates Inc meanwhile bought more CDEV shares in the recently filed quarter, changing its stake to $311,038,927 worth of shares. The Vanguard Group Inc followed the path by increasing its CDEV portfolio by +2.34% in the quarter. This means that The Vanguard Group Inc bought 357,873 shares in the last quarter and now controls 15,666,061 shares of the CDEV stock, with the valuation hitting $172,639,992.
Similarly, Wellington Management Co LLP increased its Centennial Resource Development, Inc. shares by +60.71% during the recently filed quarter. After buying 3,440,506 shares in the last quarter, the firm now controls 9,107,846 shares of Centennial Resource Development, Inc. which are valued at $100,368,463. In the same vein, BlackRock Fund Advisors increased its Centennial Resource Development, Inc. shares by during the most recent reported quarter. The firm bought 417,439 shares during the quarter which increased its stakes to 7,231,443 shares and is now valued at $79,690,502. Following these latest developments, around 0.10% of Centennial Resource Development, Inc. stocks are owned by institutional investors and hedge funds.