Ball’s (BALL) Underweight Rating Reaffirmed at Wells Fargo & Company

Wells Fargo & Company restated their underweight rating on shares of Ball (NYSE:BALL) in a research note published on Thursday, MarketBeat reports. They currently have a $49.00 target price on the stock, down from their previous target price of $56.00.

Several other brokerages also recently issued reports on BALL. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Ball in a report on Monday, November 4th. UBS Group raised shares of Ball from a “sell” rating to a “neutral” rating and reduced their price target for the company from $62.00 to $58.00 in a report on Friday, January 10th. Mizuho raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price target on the stock in a report on Tuesday, December 10th. Truist Financial reduced their price target on shares of Ball from $78.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Citigroup reduced their price target on shares of Ball from $69.00 to $59.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Ball presently has an average rating of “Moderate Buy” and an average price target of $68.17.

Ball Stock Down 0.1 %

BALL stock opened at $54.22 on Thursday. The company has a market cap of $16.18 billion, a P/E ratio of 4.09, a P/E/G ratio of 1.24 and a beta of 0.93. Ball has a 52 week low of $51.96 and a 52 week high of $71.32. The company’s 50-day moving average price is $57.93 and its 200 day moving average price is $61.67. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79.

Ball (NYSE:BALL) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Ball had a net margin of 34.05% and a return on equity of 17.46%. The firm had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The firm’s revenue was down .9% on a year-over-year basis. On average, research analysts expect that Ball will post 3.15 earnings per share for the current fiscal year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Monday, December 2nd. Ball’s dividend payout ratio (DPR) is 6.03%.

Hedge Funds Weigh In On Ball

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Crossmark Global Holdings Inc. increased its position in Ball by 2.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 21,353 shares of the company’s stock worth $1,177,000 after purchasing an additional 511 shares during the last quarter. HB Wealth Management LLC increased its position in Ball by 14.9% during the fourth quarter. HB Wealth Management LLC now owns 12,468 shares of the company’s stock worth $687,000 after purchasing an additional 1,618 shares during the last quarter. Boston Common Asset Management LLC increased its position in shares of Ball by 45.8% in the fourth quarter. Boston Common Asset Management LLC now owns 346,220 shares of the company’s stock worth $19,087,000 after acquiring an additional 108,679 shares in the last quarter. Avanza Fonder AB acquired a new stake in shares of Ball in the fourth quarter worth $1,959,000. Finally, RDA Financial Network increased its position in shares of Ball by 25.0% in the fourth quarter. RDA Financial Network now owns 19,628 shares of the company’s stock worth $1,082,000 after acquiring an additional 3,930 shares in the last quarter. 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.