Ball Co. (NYSE:BALL) Receives $70.83 Consensus Price Target from Brokerages

Shares of Ball Co. (NYSE:BALL) have been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $70.83.

Several research analysts have commented on BALL shares. Citigroup decreased their target price on shares of Ball from $73.00 to $66.00 and set a “neutral” rating for the company in a research report on Monday, July 8th. Wells Fargo & Company lowered their target price on Ball from $64.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 17th. Morgan Stanley upgraded Ball from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $69.00 to $78.00 in a research report on Wednesday, September 4th. Truist Financial reissued a “buy” rating and set a $78.00 price target (up from $76.00) on shares of Ball in a report on Friday, August 2nd. Finally, Royal Bank of Canada reduced their price objective on shares of Ball from $80.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, August 5th.

Ball Trading Up 1.4 %

Shares of NYSE BALL opened at $67.23 on Friday. Ball has a 12-month low of $42.81 and a 12-month high of $71.32. The company has a market cap of $20.87 billion, a price-to-earnings ratio of 5.06, a price-to-earnings-growth ratio of 1.64 and a beta of 0.88. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. The stock’s 50 day simple moving average is $63.83 and its 200 day simple moving average is $65.16.

Ball (NYSE:BALL) last posted its earnings results on Thursday, August 1st. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. The company had revenue of $2.96 billion for 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%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business posted $0.61 earnings per share. Equities research analysts expect that Ball will post 3.12 EPS for the current year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Tuesday, September 3rd. Ball’s dividend payout ratio is presently 6.02%.

Hedge Funds Weigh In On Ball

A number of institutional investors have recently bought and sold shares of BALL. Vanguard Group Inc. lifted its holdings in shares of Ball by 0.8% in the first quarter. Vanguard Group Inc. now owns 35,855,312 shares of the company’s stock valued at $2,415,214,000 after purchasing an additional 267,479 shares in the last quarter. Parnassus Investments LLC lifted its stake in Ball by 5.0% in the 4th quarter. Parnassus Investments LLC now owns 21,062,707 shares of the company’s stock worth $1,211,527,000 after acquiring an additional 998,527 shares in the last quarter. Putnam Investments LLC boosted its position in Ball by 39.5% during the 4th quarter. Putnam Investments LLC now owns 5,815,825 shares of the company’s stock worth $334,526,000 after acquiring an additional 1,645,909 shares during the period. Boston Partners grew its stake in Ball by 114.1% during the 1st quarter. Boston Partners now owns 4,057,645 shares of the company’s stock valued at $273,347,000 after acquiring an additional 2,162,167 shares in the last quarter. Finally, Mirova US LLC increased its holdings in shares of Ball by 0.5% in the 2nd quarter. Mirova US LLC now owns 2,495,497 shares of the company’s stock valued at $149,780,000 after purchasing an additional 13,320 shares during the period. Hedge funds and other 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.