Ball (NYSE:BALL) Stock Price Expected to Rise, Mizuho Analyst Says

Ball (NYSE:BALL - Free Report) had its price target upped by Mizuho from $60.00 to $68.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts also recently weighed in on the company. UBS Group boosted their target price on Ball from $54.00 to $60.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 9th. Truist Financial boosted their target price on Ball from $62.00 to $69.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Barclays dropped their target price on Ball from $61.00 to $57.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 14th. Bank of America restated a "neutral" rating and issued a $66.00 target price (down previously from $67.00) on shares of Ball in a research report on Wednesday, July 9th. Finally, Citigroup boosted their target price on Ball from $55.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $64.27.

Ball Stock Performance

BALL traded down $0.53 during trading hours on Tuesday, hitting $57.76. The stock had a trading volume of 294,562 shares, compared to its average volume of 2,209,982. The company's fifty day simple moving average is $55.23 and its 200 day simple moving average is $52.81. Ball has a 1 year low of $43.51 and a 1 year high of $68.12. The stock has a market cap of $16.02 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 1.61 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 data on Tuesday, May 6th. The company reported $0.76 earnings per share for the quarter, topping 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 company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $2.91 billion. During the same quarter last year, the firm posted $0.68 EPS. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts anticipate that Ball will post 3.48 earnings per share for the current year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid 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 1.39%. Ball's payout ratio is 47.62%.

Institutional Investors Weigh In On Ball

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Ball by 12.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,718 shares of the company's stock valued at $2,044,000 after purchasing an additional 4,289 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Ball by 5.0% during the first 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. lifted its holdings in shares of Ball by 12.2% during the first 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 bought a new position in shares of Ball during the first quarter valued at $307,000. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Ball by 19.5% during the first 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. 86.51% of the stock is owned by hedge funds and other institutional investors.

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.