Truist Financial Lowers Ball (NYSE:BALL) Price Target to $73.00

Ball (NYSE:BALL) had its price target decreased by equities researchers at Truist Financial from $78.00 to $73.00 in a report released on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 35.84% from the company’s previous close.

A number of other equities research analysts have also commented on BALL. Citigroup increased their price target on Ball from $66.00 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price target on shares of Ball in a research report on Monday, November 4th. Mizuho raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price objective for the company in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company reduced their target price on Ball from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.08.

Ball Stock Performance

Shares of BALL stock opened at $53.74 on Monday. Ball has a 12 month low of $53.56 and a 12 month high of $71.32. The firm has a market capitalization of $16.04 billion, a PE ratio of 4.05, a price-to-earnings-growth ratio of 1.44 and a beta of 0.93. The firm has a fifty day simple moving average of $58.75 and a two-hundred day simple moving average of $61.99. 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 announced its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 EPS. Analysts forecast that Ball will post 3.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Ball

A number of hedge funds and other institutional investors have recently bought and sold shares of BALL. National Bank of Canada FI raised its stake in shares of Ball by 14.7% during the 2nd quarter. National Bank of Canada FI now owns 2,612 shares of the company’s stock valued at $155,000 after purchasing an additional 335 shares during the period. Private Advisor Group LLC increased its position in shares of Ball by 27.2% during the second quarter. Private Advisor Group LLC now owns 10,626 shares of the company’s stock valued at $638,000 after buying an additional 2,270 shares during the period. Savant Capital LLC lifted its holdings in shares of Ball by 2.3% in the second quarter. Savant Capital LLC now owns 14,563 shares of the company’s stock worth $874,000 after buying an additional 326 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Ball in the second quarter valued at approximately $384,000. Finally, Oak Thistle LLC purchased a new position in Ball during the second quarter valued at approximately $308,000. 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.