Ball Corporation (BLL): New Analyst Report from Zacks Equity Research - Zacks Equity Research Report

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Summary:
We are maintaining our Neutral recommendation on Ball Corporation with a target price of $68. In the third-quarter 2014, the company's adjusted earnings improved 10% year over year to $1.10 per share. Ball Corporation maintains its long-term earnings per share growth goal of 10% 15%. Even though volume was weak in Brazil, the company expects it to pick up in the summer selling season. Moreover, Ball Corporation will continue to benefit from capacity additions, share repurchases and momentum in the Aerospace business. However, the Aerospace business' dependence on government funding, high aluminum premiums in Europe and overcapacity in China remain headwinds.


Overview:

Headquartered in Broomfield, Colo., Ball Corporation is a manufacturer of metal and plastic packaging, primarily for beverages and foods. It also supplies aerospace and other technologies and services to government and commercial customers. The company employs around 15,000 people worldwide and organizes its businesses in 4 segments:

The Metal Beverage Packaging, Americas & Asia segment (48% of total revenue in the third quarter of fiscal 2014) consists of operations located in the U.S., Canada, Brazil, and People's Republic of China (PRC). In the U.S., Canada and Brazil, the company manufactures metal container products used primarily in beverage packaging. Ball's Chinese operations manufacture metal beverage containers as well as aluminum containers and ends.

The Metal Beverage Packaging, Europe segment (22%) deals with the company's operations in Europe. The segment supplies two-piece metal beverage containers and ends for producers of carbonated soft drinks, beer, energy drinks and other beverages as well as extruded aluminum aerosol containers and aluminum slugs.

The Metal Food & Household Products Packaging, Americas segment (20%) is concerned with operations located in the U.S. and Canada, which manufacture metal container products used primarily in food packaging.

The Aerospace and Technologies segment (10%) includes national defense solutions, advanced technologies and products as well as civil and operational space businesses.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Stocks

Referenced Stocks: BLL , PRC

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