Ball Co. (NYSE:BALL) Receives $70.75 Average PT from Analysts

Shares of Ball Co. (NYSE:BALL - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the fourteen ratings firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $70.75.

Several equities research analysts have commented on the company. Citigroup upped their price target on Ball from $66.00 to $69.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 2nd. Truist Financial restated a "buy" rating and issued a $78.00 price target (up previously from $76.00) on shares of Ball in a report on Friday, August 2nd. Morgan Stanley upgraded shares of Ball from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $69.00 to $78.00 in a research note on Wednesday, September 4th. Mizuho cut their price objective on shares of Ball from $69.00 to $67.00 and set a "neutral" rating on the stock in a report on Monday, November 4th. Finally, UBS Group lifted their price objective on Ball from $56.00 to $59.00 and gave the stock a "sell" rating in a report on Tuesday, August 6th.

Institutional Trading of Ball

Hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. increased its position in Ball by 0.9% in the 2nd quarter. Federated Hermes Inc. now owns 18,941 shares of the company's stock worth $1,137,000 after purchasing an additional 162 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Ball by 2.0% in the 2nd quarter. Fifth Third Bancorp now owns 8,743 shares of the company's stock worth $525,000 after purchasing an additional 174 shares during the last quarter. Deseret Mutual Benefit Administrators boosted its position in Ball by 17.0% during the second quarter. Deseret Mutual Benefit Administrators now owns 1,280 shares of the company's stock worth $77,000 after purchasing an additional 186 shares during the period. Moors & Cabot Inc. raised its position in shares of Ball by 4.5% in the third quarter. Moors & Cabot Inc. now owns 4,442 shares of the company's stock valued at $302,000 after purchasing an additional 192 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Ball by 1.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 16,895 shares of the company's stock worth $1,147,000 after buying an additional 199 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Trading Up 0.5 %

BALL traded up $0.32 during midday trading on Friday, hitting $60.26. The company's stock had a trading volume of 1,368,325 shares, compared to its average volume of 1,758,796. Ball has a 52-week low of $48.05 and a 52-week high of $71.32. The firm has a 50-day moving average price of $64.81 and a two-hundred day moving average price of $64.85. 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 firm has a market cap of $17.98 billion, a P/E ratio of 4.54, a PEG ratio of 1.51 and a beta of 0.90.

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, topping 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 firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the business posted $0.83 earnings per share. Ball's revenue for the quarter was down .9% compared to the same quarter last year. On average, research analysts anticipate that Ball will post 3.15 earnings per share for the current year.

Ball Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Monday, December 2nd. Ball's payout ratio is 6.03%.

About Ball

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.