Bank of America reiterated their neutral rating on shares of Ball (NYSE:BALL - Free Report) in a report published on Wednesday, MarketBeat.com reports. The firm currently has a $66.00 price objective on the stock, down from their prior price objective of $67.00.
A number of other equities research analysts also recently weighed in on the stock. Mizuho reduced their price target on shares of Ball from $63.00 to $58.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. UBS Group decreased their price target on Ball from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Truist Financial dropped their price objective on shares of Ball from $65.00 to $58.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Citigroup increased their price objective on shares of Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Finally, Wells Fargo & Company raised their price target on shares of Ball from $44.00 to $50.00 and gave the company an "underweight" rating in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.36.
View Our Latest Stock Analysis on BALL
Ball Stock Performance
Shares of BALL stock traded down $0.77 on Wednesday, hitting $57.99. The company's stock had a trading volume of 1,736,718 shares, compared to its average volume of 2,221,779. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.04. The stock's 50 day moving average is $54.43 and its 200-day moving average is $52.70. Ball has a fifty-two week low of $43.51 and a fifty-two week high of $68.12. The company has a market capitalization of $16.09 billion, a PE ratio of 34.52, a PEG ratio of 1.57 and a beta of 1.08.
Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.07. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.91 billion. Ball had a net margin of 4.18% and a return on equity of 15.41%. The business's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share. Equities research analysts expect that Ball will post 3.48 earnings per share for the current fiscal year.
Ball Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.20 dividend. The ex-dividend date was Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.38%. Ball's dividend payout ratio (DPR) is presently 47.62%.
Institutional Investors Weigh In On Ball
A number of hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in Ball by 12.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,718 shares of the company's stock valued at $2,044,000 after buying an additional 4,289 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of Ball by 5.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 122,483 shares of the company's stock valued at $6,378,000 after purchasing an additional 5,841 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Ball by 12.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 55,997 shares of the company's stock valued at $2,916,000 after purchasing an additional 6,106 shares in the last quarter. PFG Investments LLC purchased a new position in shares of Ball during the 1st quarter valued at $307,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Ball by 19.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 22,481 shares of the company's stock valued at $1,171,000 after purchasing an additional 3,676 shares in the last quarter. Institutional investors own 86.51% of the company's stock.
About Ball
(
Get Free Report)
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.
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