UBS Group Forecasts Strong Price Appreciation for Ball (NYSE:BALL) Stock

Ball (NYSE:BALL - Free Report) had its target price upped by UBS Group from $54.00 to $60.00 in a research report report published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts have also issued research reports about the company. Barclays lowered their price target on Ball from $61.00 to $57.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 14th. Truist Financial cut their price target on Ball from $65.00 to $58.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Royal Bank Of Canada increased their price target on Ball from $62.00 to $63.00 and gave the stock an "outperform" rating in a report on Thursday, May 8th. Wells Fargo & Company boosted their price objective on shares of Ball from $44.00 to $50.00 and gave the company an "underweight" rating in a research note on Wednesday, May 7th. Finally, Loop Capital reduced their target price on shares of Ball from $83.00 to $78.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $62.36.

Ball Stock Performance

Shares of NYSE BALL traded down $0.77 during trading hours on Wednesday, reaching $57.99. The stock had a trading volume of 1,736,718 shares, compared to its average volume of 2,224,438. The firm has a 50-day moving average of $54.43 and a 200-day moving average of $52.70. The firm has a market cap of $16.09 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.58 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 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 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 business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $2.91 billion. During the same period in the prior year, the company earned $0.68 earnings per share. The company's revenue was up 7.8% compared to the same quarter last year. Equities research analysts predict that Ball will post 3.48 earnings per share for the current year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.38%. The ex-dividend date was Monday, June 2nd. Ball's payout ratio is 47.62%.

Institutional Trading of Ball

A number of large investors have recently made changes to their positions in the stock. Evermay Wealth Management LLC increased its position in Ball by 11.5% during the first quarter. Evermay Wealth Management LLC now owns 1,943 shares of the company's stock worth $101,000 after purchasing an additional 200 shares during the last quarter. EP Wealth Advisors LLC grew its position in Ball by 4.9% during the first quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company's stock valued at $228,000 after acquiring an additional 205 shares during the period. Picton Mahoney Asset Management increased its stake in 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 acquiring an additional 213 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Ball by 6.0% in the 1st quarter. GAMMA Investing LLC now owns 3,852 shares of the company's stock worth $201,000 after purchasing an additional 219 shares during the period. Finally, Strengthening Families & Communities LLC raised its holdings in shares of Ball by 72.4% in the 1st quarter. Strengthening Families & Communities LLC now owns 707 shares of the company's stock worth $37,000 after purchasing an additional 297 shares during the period. Institutional investors and hedge funds 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.