Shares of Ball Co. (NYSE:BALL – Get Free Report) have earned an average rating of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $57.75.
Several research analysts have weighed in on BALL shares. Truist Financial reiterated a “hold” rating and set a $58.00 target price on shares of Ball in a report on Wednesday, April 12th. Citigroup reduced their target price on Ball from $61.00 to $60.00 in a report on Monday, July 10th. Jefferies Financial Group lifted their price target on Ball from $59.00 to $61.00 in a research note on Tuesday, July 18th. Mizuho lifted their price target on Ball from $58.00 to $59.00 in a research note on Tuesday, April 18th. Finally, Bank of America downgraded Ball from a “buy” rating to a “neutral” rating and dropped their price target for the company from $65.00 to $63.00 in a research note on Monday, July 10th.
Institutional Investors Weigh In On Ball
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cascade Investment Advisors Inc. increased its stake in shares of Ball by 6.0% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 24,185 shares of the company’s stock worth $1,408,000 after purchasing an additional 1,365 shares during the last quarter. Creative Planning increased its stake in shares of Ball by 18.8% during the 2nd quarter. Creative Planning now owns 18,799 shares of the company’s stock worth $1,094,000 after purchasing an additional 2,973 shares during the last quarter. Crumly & Associates Inc. purchased a new stake in shares of Ball during the 2nd quarter worth approximately $432,000. Dudley & Shanley Inc. purchased a new stake in shares of Ball during the 2nd quarter worth approximately $7,141,000. Finally, Baker Tilly Wealth Management LLC increased its stake in shares of Ball by 8.4% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 8,664 shares of the company’s stock worth $504,000 after purchasing an additional 675 shares during the last quarter. Hedge funds and other institutional investors own 86.04% of the company’s stock.
Ball Stock Up 0.3 %
NYSE:BALL opened at $57.59 on Monday. Ball has a 12-month low of $46.00 and a 12-month high of $74.35. The company has a quick ratio of 0.46, a current ratio of 0.76 and a debt-to-equity ratio of 1.97. The firm has a market capitalization of $18.11 billion, a P/E ratio of 40.56, a P/E/G ratio of 3.82 and a beta of 0.81. The stock’s fifty day simple moving average is $55.48 and its 200-day simple moving average is $55.20.
Ball (NYSE:BALL – Get Free Report) last posted its quarterly earnings results on Thursday, May 4th. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.20. Ball had a return on equity of 23.92% and a net margin of 2.98%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period last year, the company earned $0.77 EPS. The firm’s revenue was down 6.1% on a year-over-year basis. Equities research analysts expect that Ball will post 3.02 earnings per share for the current year.
Ball Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $0.80 annualized dividend and a yield of 1.39%. Ball’s dividend payout ratio (DPR) is 56.34%.
Ball Corp. provides metal packaging for beverages, foods, and household products. It operates through the following business segments: Beverage Packaging North and Central America, Beverage Packaging South America, Beverage Packaging Europe, Middle East and Africa (EMEA), and Aerospace. The Beverage Packaging North and Central America segment includes multi-year supply contracts to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.
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