Ball's (BALL) "Neutral" Rating Reaffirmed at Bank of America

Bank of America reissued their neutral rating on shares of Ball (NYSE:BALL - Free Report) in a research note published on Wednesday morning, MarketBeat.com reports. They currently have a $66.00 price objective on the stock, down from their previous price objective of $67.00.

BALL has been the topic of several other reports. Mizuho reduced their target price on Ball from $63.00 to $58.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. UBS Group reduced their target price on Ball from $55.00 to $54.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Royal Bank Of Canada lifted their price target on shares of Ball from $62.00 to $63.00 and gave the company an "outperform" rating in a report on Thursday, May 8th. Truist Financial decreased their price target 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. Finally, Citigroup lifted their price target on shares of Ball from $55.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $62.36.

Ball Trading Up 0.8%

Shares of NYSE:BALL traded up $0.48 during trading on Wednesday, reaching $58.42. The stock had a trading volume of 1,609,699 shares, compared to its average volume of 2,223,259. The business has a fifty day moving average price of $54.70 and a 200-day moving average price of $52.75. The company has a quick ratio of 0.70, a current ratio of 1.04 and a debt-to-equity ratio of 1.10. The stock has a market cap of $16.21 billion, a P/E ratio of 34.77, a PEG ratio of 1.55 and a beta of 1.08. Ball has a fifty-two week low of $43.51 and a fifty-two week high of $68.12.

Ball (NYSE:BALL - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.07. Ball had a net margin of 4.18% and a return on equity of 15.41%. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same quarter in the previous year, the business posted $0.68 earnings per share. The company's revenue was up 7.8% on a year-over-year basis. As a group, analysts anticipate that Ball will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.37%. Ball's dividend payout ratio is currently 47.62%.

Institutional Trading of Ball

Hedge funds have recently made changes to their positions in the company. Picton Mahoney Asset Management lifted its stake in shares of Ball by 68.9% in the fourth quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock worth $29,000 after acquiring an additional 213 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in Ball during the 1st quarter valued at $32,000. Strengthening Families & Communities LLC boosted its stake in Ball by 72.4% during the 1st quarter. Strengthening Families & Communities LLC now owns 707 shares of the company's stock valued at $37,000 after acquiring an additional 297 shares during the last quarter. SVB Wealth LLC bought a new position in Ball during the 1st quarter valued at $39,000. Finally, Whipplewood Advisors LLC boosted its stake in Ball by 764.9% during the 1st quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock valued at $42,000 after acquiring an additional 719 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company's stock.

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.