Ball (NYSE:BALL) Price Target Raised to $69.00

Ball (NYSE:BALL - Get Free Report) had its target price boosted by analysts at Truist Financial from $62.00 to $69.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price target would indicate a potential upside of 18.11% from the stock's current price.

A number of other equities analysts also recently commented on BALL. Barclays cut their price objective on Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 14th. 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. UBS Group increased their target price on Ball from $54.00 to $60.00 and gave the company a "neutral" rating in a research note on Wednesday. Loop Capital lowered 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Ball presently has an average rating of "Moderate Buy" and an average target price of $63.36.

Ball Stock Up 0.8%

Ball stock opened at $58.42 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.04. Ball has a fifty-two week low of $43.51 and a fifty-two week high of $68.12. The stock's fifty day moving average is $54.70 and its two-hundred day moving average is $52.75. The firm has a market capitalization of $16.21 billion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 1.55 and a beta of 1.08.

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, topping the consensus estimate 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 return on equity of 15.41% and a net margin of 4.18%. The firm's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.68 earnings per share. Analysts predict that Ball will post 3.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BALL. Picton Mahoney Asset Management lifted its holdings in Ball by 68.9% during the 4th quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock worth $29,000 after buying an additional 213 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in Ball during the 1st quarter worth approximately $32,000. Strengthening Families & Communities LLC lifted its holdings in Ball by 72.4% during 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 during the last quarter. SVB Wealth LLC bought a new position in Ball during the 1st quarter worth approximately $39,000. Finally, Whipplewood Advisors LLC lifted its holdings in shares of Ball by 764.9% in the 1st quarter. Whipplewood Advisors LLC now owns 813 shares of the company's stock worth $42,000 after purchasing an additional 719 shares during the last quarter. 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.

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