Ball Co. (NYSE:BALL) Given Average Rating of "Moderate Buy" by Brokerages

Ball Co. (NYSE:BALL - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $68.17.

Several equities analysts have recently issued reports on the company. UBS Group upgraded Ball from a "sell" rating to a "neutral" rating and decreased their price objective for the company from $62.00 to $58.00 in a research note on Friday, January 10th. Truist Financial lowered their price target on shares of Ball from $78.00 to $73.00 and set a "buy" rating for the company in a report on Monday, January 6th. Wells Fargo & Company reiterated an "underweight" rating and set a $49.00 target price (down previously from $56.00) on shares of Ball in a research note on Thursday, January 16th. Morgan Stanley lowered their price objective on Ball from $78.00 to $75.00 and set an "overweight" rating for the company in a research report on Monday, January 13th. Finally, Citigroup cut their target price on Ball from $69.00 to $59.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th.

Institutional Trading of Ball

Several large investors have recently bought and sold shares of the company. JB Capital LLC grew its stake in Ball by 4.7% in the 4th quarter. JB Capital LLC now owns 54,862 shares of the company's stock valued at $3,025,000 after acquiring an additional 2,462 shares during the last quarter. Spire Wealth Management lifted its holdings in shares of Ball by 21,326.7% in the fourth quarter. Spire Wealth Management now owns 3,214 shares of the company's stock valued at $177,000 after purchasing an additional 3,199 shares in the last quarter. Evermay Wealth Management LLC grew its position in shares of Ball by 35.1% in the fourth quarter. Evermay Wealth Management LLC now owns 1,743 shares of the company's stock valued at $96,000 after purchasing an additional 453 shares during the last quarter. Clarity Financial LLC increased its stake in shares of Ball by 106.6% during the 4th quarter. Clarity Financial LLC now owns 8,565 shares of the company's stock worth $472,000 after purchasing an additional 4,420 shares in the last quarter. Finally, Swedbank AB raised its position in shares of Ball by 1.0% during the 4th quarter. Swedbank AB now owns 197,188 shares of the company's stock worth $10,871,000 after purchasing an additional 1,907 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.

Ball Trading Down 0.3 %

NYSE BALL traded down $0.17 during trading on Friday, hitting $55.01. The stock had a trading volume of 997,148 shares, compared to its average volume of 2,355,737. The company has a market capitalization of $16.42 billion, a PE ratio of 4.15, a PEG ratio of 1.35 and a beta of 0.93. Ball has a twelve month low of $51.96 and a twelve month high of $71.32. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. The firm has a 50 day moving average price of $57.16 and a 200 day moving average price of $61.44.

Ball (NYSE:BALL - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. Ball had a net margin of 34.05% and a return on equity of 17.46%. The company had revenue of $3.08 billion during the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter last year, the company posted $0.83 EPS. The firm's revenue was down .9% compared to the same quarter last year. As a group, equities research analysts forecast that Ball will post 3.15 earnings per share for the current year.

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.