Ball Corporation (NYSE:BALL) Receives Average Rating of "Moderate Buy" from Brokerages

Ball Corporation (NYSE:BALL - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $61.00.

Several analysts recently weighed in on the company. Royal Bank Of Canada increased their target price on Ball from $62.00 to $63.00 and gave the company an "outperform" rating in a research note on Thursday, May 8th. Mizuho decreased their target price on Ball from $63.00 to $58.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Truist Financial decreased their target price on Ball from $65.00 to $58.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company increased their target price on Ball from $44.00 to $50.00 and gave the company an "underweight" rating in a research note on Wednesday, May 7th. Finally, Loop Capital decreased their target price on Ball from $83.00 to $78.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th.

Hedge Funds Weigh In On Ball

Large investors have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management raised its holdings in Ball by 68.9% in the 4th quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock valued at $29,000 after acquiring an additional 213 shares in the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Ball in the 1st quarter worth approximately $32,000. Venturi Wealth Management LLC raised its holdings in shares of Ball by 328.4% in the 4th quarter. Venturi Wealth Management LLC now owns 664 shares of the company's stock worth $37,000 after buying an additional 509 shares in the last quarter. Strengthening Families & Communities LLC raised its holdings in shares of Ball by 72.4% in the 1st quarter. Strengthening Families & Communities LLC now owns 707 shares of the company's stock worth $37,000 after buying an additional 297 shares in the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of Ball in the 1st quarter worth approximately $39,000. Institutional investors and hedge funds own 86.51% of the company's stock.

Ball Stock Up 0.5%

Shares of NYSE:BALL traded up $0.27 on Monday, reaching $57.02. The company had a trading volume of 2,236,867 shares, compared to its average volume of 2,217,958. Ball has a twelve month low of $43.51 and a twelve month high of $68.12. The stock has a 50-day moving average price of $52.89 and a 200 day moving average price of $52.68. The stock has a market capitalization of $15.82 billion, a P/E ratio of 33.94, a P/E/G ratio of 1.52 and a beta of 1.08. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.10.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. Ball had a return on equity of 15.41% and a net margin of 4.18%. The company had revenue of $3.10 billion during the quarter, compared to analysts' expectations of $2.91 billion. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The business's quarterly revenue was up 7.8% compared to the same quarter last year. On average, equities analysts expect that Ball will post 3.48 EPS for the current year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.80 annualized dividend and a yield of 1.40%. Ball's dividend payout ratio (DPR) is 47.62%.

Ball Company Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.