Ball (NYSE:BALL) Price Target Increased to $63.00 by Analysts at Wells Fargo & Company

Ball (NYSE:BALL) had its target price lifted by Wells Fargo & Company from $61.00 to $63.00 in a research note released on Tuesday morning, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research analysts also recently issued reports on the stock. Morgan Stanley upgraded shares of Ball from an equal weight rating to an overweight rating and boosted their target price for the company from $69.00 to $78.00 in a research report on Wednesday, September 4th. Truist Financial reiterated a buy rating and set a $78.00 target price (up previously from $76.00) on shares of Ball in a research report on Friday, August 2nd. Royal Bank of Canada decreased their price target on shares of Ball from $80.00 to $77.00 and set an outperform rating for the company in a research note on Monday, August 5th. UBS Group boosted their price target on shares of Ball from $56.00 to $59.00 and gave the company a sell rating in a research note on Tuesday, August 6th. Finally, Citigroup boosted their price target 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, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $71.25.

Ball Stock Up 1.0 %

Shares of NYSE BALL opened at $66.03 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.88 and a current ratio of 1.18. Ball has a 52-week low of $42.81 and a 52-week high of $71.32. The company’s 50 day moving average price is $64.84 and its 200-day moving average price is $65.18. The company has a market capitalization of $20.49 billion, a P/E ratio of 4.97, a price-to-earnings-growth ratio of 1.63 and a beta of 0.88.

Ball (NYSE:BALL) last released 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. Ball had a net margin of 32.79% and a return on equity of 19.45%. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the company earned $0.61 EPS. Ball’s quarterly revenue was down 3.5% compared to the same quarter last year. Equities analysts forecast that Ball will post 3.12 earnings per share for the current year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were paid a $0.20 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $0.80 annualized dividend and a dividend yield of 1.21%. Ball’s payout ratio is 6.02%.

Institutional Trading of Ball

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Ball by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 35,855,312 shares of the company’s stock worth $2,415,214,000 after acquiring an additional 267,479 shares in the last quarter. Boston Partners grew its position in Ball by 114.1% during the first quarter. Boston Partners now owns 4,057,645 shares of the company’s stock valued at $273,347,000 after buying an additional 2,162,167 shares during the period. Mirova US LLC grew its position in Ball by 0.5% during the second quarter. Mirova US LLC now owns 2,495,497 shares of the company’s stock valued at $149,780,000 after buying an additional 13,320 shares during the period. Dimensional Fund Advisors LP grew its position in Ball by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,414,615 shares of the company’s stock valued at $144,951,000 after buying an additional 171,924 shares during the period. Finally, Raymond James & Associates grew its position in Ball by 17.5% during the second quarter. Raymond James & Associates now owns 1,621,553 shares of the company’s stock valued at $97,326,000 after buying an additional 241,502 shares during the period. 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.