Ball's Selloff Is 'Largely An Overreaction,' Says Bullish Analyst, Who Sees 'Resilient Volume Growth Despite Some Incremental Headwinds'
Ball's Selloff Is 'Largely An Overreaction,' Says Bullish Analyst, Who Sees 'Resilient Volume Growth Despite Some Incremental Headwinds'
The Ball Thesis: The stock has declined by around 12% since June 5, versus a 2% gain in the S&P 500, Roxland said in the upgrade note.Ball Corp (NYSE:BALL) shares have lost around 9% over the past month.
Ball Corp (纽交所: BALL)的股价在过去一个月左右下跌了约9%。
The recent selloff in the stock offers an "attractive entry point," given the growth in the company's earnings, volumes and free cash flows, according to Truist Securities.
Truist Securities称，股票最近的抛售提供了一个"有吸引力的入场点"，考虑到该公司的收益、成交量和自由现金流的增长。
The Ball Analyst: Michael Roxland upgraded the rating for Ball from Hold to Buy, while raising the price target from $67 to $76.
Ball的分析师Michael Roxland将Ball的评级从持有调升至买入，并将价格目标从 $67 上调至 $76。
The Ball Thesis: The stock has declined by around 12% since June 5, versus a 2% gain in the S&P 500, Roxland said in the upgrade note.
Roxland在升级通知中表示，股票自6月5日以来下跌约12%，而标普500指数上涨了2%。
Check out other analyst stock ratings.
查看其他分析师的股票评级。
The stock is now trading at multiples below the average over the last five years, he added.
他补充说，该股票现在的交易倍数低于过去五年的平均水平。
The pressure on the stock followed "muted volume expectations" from management during the company's latest investor day, "phrasing regarding its updated earnings growth algorithm (~10%+ per year vs. a previous ~10-15%), and concerns around a possible greenfield plant in the Pacific Northwest, the analyst stated. The selloff is "largely an overreaction," he wrote.
分析师表示，股票的下跌是因为在公司最新的投资者日中，管理层对成交量的预期被打压，"关于其更新的盈利增长算法（每年约10%+，而以前约为10-15%）的措辞以及对太平洋西北部可能出现新绿地工厂的担忧"。他写道，这种抛售"基本上是一种过度反应"。
"We upgrade to Buy due to resilient volume growth despite some incremental headwinds in North American energy drinks at present, strong FCF generation, industry-leading capital return to shareholders, and low leverage," Roxland further said.
Roxland进一步表示:"我们之所以升级为买入，是因为尽管目前北美能源饮料市场面临一些额外的不利因素，但成交量仍然表现出强大的增长趋势，强劲的自由现金流产生，行业领先的资本回报率以及低杠杆率。"
BALL Price Action: Shares of Ball are down 1.07% to $60.92 at the time of publication on Tuesday.
截至周二发布时，Ball的股价下跌了1.07%，至60.92美元。
Photo: Jonathan Weiss via Shutterstock
图片来源：Jonathan Weiss通过shutterstock
