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'
Ball Corp (NYSE:BALL) shares have lost around 9% over the past month.
Ball Corp (紐交所: BALL)的股價在過去一個月左右下跌了約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稱，股票最近的拋售提供了一個"有吸引力的入場點"，考慮到該公司的收益、成交量和自由現金流的增長。
The Ball Analyst: Michael Roxland upgraded the rating for Ball from Hold to Buy, while raising the price target from $67 to $76.
Ball的分析師Michael Roxland將Ball的評級從持有調升至買入，並將價格目標從 $67 上調至 $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在升級通知中表示，股票自6月5日以來下跌約12%，而標普500指數上漲了2%。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
The stock is now trading at multiples below the average over the last five years, he added.
他補充說，該股票現在的交易倍數低於過去五年的平均水平。
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.
分析師表示，股票的下跌是因爲在公司最新的投資者日中，管理層對成交量的預期被打壓，"關於其更新的盈利增長算法（每年約10%+，而以前約爲10-15%）的措辭以及對太平洋西北部可能出現新綠地工廠的擔憂"。他寫道，這種拋售"基本上是一種過度反應"。
"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進一步表示:"我們之所以升級爲買入，是因爲儘管目前北美能源飲料市場面臨一些額外的不利因素，但成交量仍然表現出強大的增長趨勢，強勁的自由現金流產生，行業領先的資本回報率以及低槓桿率。"
BALL Price Action: Shares of Ball are down 1.07% to $60.92 at the time of publication on Tuesday.
截至週二發佈時，Ball的股價下跌了1.07%，至60.92美元。
Photo: Jonathan Weiss via Shutterstock
圖片來源：Jonathan Weiss通過shutterstock
譯文內容由第三人軟體翻譯。