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

Bank of America reissued their neutral rating on shares of Ball (NYSE:BALL - Free Report) in a report issued on Wednesday, Marketbeat.com reports. The brokerage currently has a $66.00 price objective on the stock, down from their previous price objective of $67.00.

Other equities analysts have also issued research reports about the company. Truist Financial cut their target price on Ball from $65.00 to $58.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Citigroup increased their target price on Ball from $55.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Loop Capital cut their target price on Ball from $83.00 to $78.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Barclays lowered their price target on Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a report on Wednesday, May 14th. Finally, UBS Group lowered 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Ball currently has an average rating of "Moderate Buy" and a consensus price target of $63.36.

Ball Trading Down 0.2%

Shares of BALL traded down $0.10 during trading hours on Wednesday, hitting $58.30. 1,691,300 shares of the stock traded hands, compared to its average volume of 2,219,704. The business has a fifty day moving average of $54.83 and a 200-day moving average of $52.74. The firm has a market capitalization of $16.17 billion, a PE ratio of 34.70, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10. Ball has a 1-year low of $43.51 and a 1-year high of $68.12.

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

Ball Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BALL. Picton Mahoney Asset Management grew its holdings in shares of Ball by 68.9% during the fourth quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock worth $29,000 after buying an additional 213 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in shares of Ball during the first quarter worth about $32,000. Strengthening Families & Communities LLC grew its holdings in shares of Ball by 72.4% during the first 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. SVB Wealth LLC bought a new position in shares of Ball during the first quarter worth about $39,000. Finally, Whipplewood Advisors LLC grew its holdings in shares of Ball by 764.9% during the first quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock worth $42,000 after buying an additional 719 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

About Ball

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.