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

Ball (NYSE:BALL) had its price objective cut by stock analysts 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 target price would suggest a potential upside of 35.11% from the company’s current price.

BALL has been the subject of a number of other reports. Wells Fargo & Company cut their price target on Ball from $63.00 to $61.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Mizuho raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price target for the company in a report on Tuesday, December 10th. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price objective on shares of Ball in a report on Monday, November 4th. Finally, Citigroup increased their target price on shares of Ball from $66.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.33.

Ball Price Performance

Shares of Ball stock opened at $54.03 on Monday. Ball has a 1-year low of $53.85 and a 1-year high of $71.32. The firm has a fifty day simple moving average of $59.16 and a 200-day simple moving average of $62.09. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $16.12 billion, a price-to-earnings ratio of 4.07, a PEG ratio of 1.44 and a beta of 0.91.

Ball (NYSE:BALL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $3.08 billion during 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 business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 earnings per share. On average, sell-side analysts expect that Ball will post 3.15 earnings per share for the current year.

Institutional Trading of Ball

A number of large investors have recently bought and sold shares of the stock. Everence Capital Management Inc. acquired a new stake in shares of Ball in the 4th quarter valued at $774,000. Principal Financial Group Inc. lifted its holdings in Ball by 1.1% during the 3rd quarter. Principal Financial Group Inc. now owns 364,856 shares of the company’s stock valued at $24,777,000 after purchasing an additional 3,967 shares during the last quarter. Copley Financial Group Inc. acquired a new position in Ball in the third quarter valued at about $504,000. Oddo BHF Asset Management Sas bought a new stake in Ball during the third quarter worth about $1,195,000. Finally, Inspire Trust Co. N.A. increased its holdings in shares of Ball by 20.0% during the third quarter. Inspire Trust Co. N.A. now owns 48,000 shares of the company’s stock worth $3,260,000 after buying an additional 8,000 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors.

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.