Ball (NYSE:BALL) Price Target Cut to $54.00 by Analysts at UBS Group

Ball (NYSE:BALL - Get Free Report) had its price target cut by stock analysts at UBS Group from $55.00 to $54.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "neutral" rating on the stock. UBS Group's target price suggests a potential upside of 12.21% from the company's current price.

A number of other analysts have also recently weighed in on BALL. Barclays decreased their price target on shares of Ball from $72.00 to $61.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Robert W. Baird reduced their price objective on Ball from $70.00 to $63.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Truist Financial lowered their target price on Ball from $78.00 to $73.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Morgan Stanley cut their price target on shares of Ball from $75.00 to $70.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Finally, Citigroup reduced their target price on Ball from $69.00 to $59.00 and set a "neutral" rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $63.20.

Ball Stock Up 4.7 %

NYSE:BALL traded up $2.16 during midday trading on Monday, hitting $48.12. 3,255,243 shares of the company were exchanged, compared to its average volume of 2,105,809. The company has a current ratio of 1.00, a quick ratio of 0.69 and a debt-to-equity ratio of 0.90. Ball has a fifty-two week low of $43.51 and a fifty-two week high of $71.32. The company has a market capitalization of $13.59 billion, a PE ratio of 3.80, a price-to-earnings-growth ratio of 1.24 and a beta of 1.01. The company has a fifty day simple moving average of $50.58 and a 200 day simple moving average of $56.48.

Ball (NYSE:BALL - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.03. Ball had a return on equity of 16.17% and a net margin of 33.98%. The firm had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.92 billion. During the same period in the prior year, the firm earned $0.78 EPS. The business's revenue was down .8% on a year-over-year basis. As a group, equities analysts anticipate that Ball will post 3.48 earnings per share for the current fiscal year.

Ball declared that its Board of Directors has initiated a share repurchase program on Wednesday, January 29th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the company to buy up to 24.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Park Avenue Securities LLC grew its holdings in Ball by 2.1% during the 4th quarter. Park Avenue Securities LLC now owns 10,082 shares of the company's stock valued at $556,000 after buying an additional 210 shares during the last quarter. Picton Mahoney Asset Management lifted its holdings in Ball by 68.9% in the 4th quarter. Picton Mahoney Asset Management now owns 522 shares of the company's stock valued at $29,000 after purchasing an additional 213 shares in the last quarter. Jag Capital Management LLC boosted its stake in shares of Ball by 1.0% during the 4th quarter. Jag Capital Management LLC now owns 26,729 shares of the company's stock worth $1,474,000 after purchasing an additional 271 shares during the last quarter. Crumly & Associates Inc. grew its holdings in shares of Ball by 3.3% during the fourth quarter. Crumly & Associates Inc. now owns 9,050 shares of the company's stock worth $499,000 after buying an additional 293 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of Ball by 14.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 2,631 shares of the company's stock valued at $145,000 after buying an additional 337 shares during the last quarter. 86.51% of the stock is owned by hedge funds and other 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.