Ball Co. (NYSE:BALL) Receives $69.08 Consensus Target Price from Brokerages

Ball Co. (NYSE:BALL) has been given an average rating of “Hold” by the fifteen analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $69.08.

Several equities analysts have recently weighed in on the company. Barclays raised their target price on Ball from $71.00 to $72.00 and gave the company an “equal weight” rating in a research report on Monday, May 6th. Baird R W raised shares of Ball from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 14th. Robert W. Baird upgraded shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 target price for the company in a research report on Wednesday, August 14th. Truist Financial restated a “buy” rating and set a $78.00 price target (up from $76.00) on shares of Ball in a research report on Friday, August 2nd. Finally, Wells Fargo & Company cut their price objective on shares of Ball from $64.00 to $61.00 and set an “equal weight” rating for the company in a report on Wednesday, July 17th.

Ball Stock Up 2.3 %

BALL opened at $63.81 on Tuesday. The company has a fifty day moving average of $62.14 and a two-hundred day moving average of $64.86. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.93 and a current ratio of 1.18. Ball has a fifty-two week low of $42.81 and a fifty-two week high of $71.32. The stock has a market capitalization of $19.81 billion, a price-to-earnings ratio of 4.80, a PEG ratio of 1.78 and a beta of 0.85.

Ball (NYSE:BALL) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $2.96 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Ball had a return on equity of 19.45% and a net margin of 32.79%. Ball’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. On average, research analysts expect that Ball will post 3.09 earnings per share for the current year.

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a $0.20 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.25%. Ball’s payout ratio is currently 6.02%.

Institutional Investors Weigh In On Ball

Several institutional investors have recently added to or reduced their stakes in BALL. NBC Securities Inc. increased its stake in Ball by 31.0% in the fourth quarter. NBC Securities Inc. now owns 769 shares of the company’s stock valued at $44,000 after purchasing an additional 182 shares during the last quarter. Independence Bank of Kentucky acquired a new position in shares of Ball in the 1st quarter valued at $47,000. Friedenthal Financial purchased a new position in shares of Ball in the 2nd quarter valued at $47,000. Manchester Capital Management LLC boosted its position in shares of Ball by 2,341.5% in the 4th quarter. Manchester Capital Management LLC now owns 1,001 shares of the company’s stock valued at $58,000 after purchasing an additional 960 shares during the period. Finally, Quarry LP grew its stake in Ball by 598.6% during the 2nd quarter. Quarry LP now owns 999 shares of the company’s stock worth $60,000 after buying an additional 856 shares during the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

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.