Ball Co. (NYSE:BALL) Receives $71.25 Consensus Price Target from Brokerages

Ball Co. (NYSE:BALL) has been given an average recommendation of “Moderate Buy” by the fourteen analysts that are covering the firm, Marketbeat Ratings reports. One equities research 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 target price among analysts that have issued ratings on the stock in the last year is $71.08.

A number of equities research analysts have recently commented on BALL shares. Baird R W upgraded shares of Ball from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Citigroup lifted their price target on shares of Ball from $66.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Morgan Stanley upgraded shares of Ball from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $69.00 to $78.00 in a report on Wednesday, September 4th. Royal Bank of Canada decreased their target price on shares of Ball from $77.00 to $75.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Truist Financial reissued a “buy” rating and issued a $78.00 target price (up from $76.00) on shares of Ball in a research report on Friday, August 2nd.

Ball Stock Performance

NYSE:BALL opened at $67.25 on Wednesday. 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 firm has a 50-day moving average price of $65.10 and a two-hundred day moving average price of $65.20. Ball has a twelve month low of $42.81 and a twelve month high of $71.32. The company has a market capitalization of $20.87 billion, a P/E ratio of 5.06, a price-to-earnings-growth ratio of 1.63 and a beta of 0.88.

Ball (NYSE:BALL) last posted its earnings results on Thursday, August 1st. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.04. The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.10 billion. Ball had a net margin of 32.79% and a return on equity of 19.45%. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the firm posted $0.61 EPS. As a group, research analysts expect that Ball will post 3.12 earnings per share for the current fiscal year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.20 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.19%. Ball’s dividend payout ratio (DPR) is 6.02%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Independence Bank of Kentucky acquired a new position in shares of Ball during the first quarter worth $47,000. Friedenthal Financial acquired a new position in shares of Ball during the second quarter worth $47,000. Quarry LP increased its stake in shares of Ball by 598.6% in the second 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. EverSource Wealth Advisors LLC increased its stake in shares of Ball by 334.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $68,000 after buying an additional 815 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Ball in the second quarter worth $72,000. 86.51% of the stock is owned by institutional investors and hedge funds.

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.