Ball (NYSE:BALL) Price Target Lowered to $73.00 at Truist Financial

Ball (NYSE:BALL - Free Report) had its price objective decreased by Truist Financial from $78.00 to $73.00 in a research note released on Monday morning,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Other research analysts have also issued reports about the stock. Wells Fargo & Company decreased their price objective on shares of Ball from $63.00 to $61.00 and set an "equal weight" rating for the company in a report on Friday, November 1st. Mizuho upgraded shares of Ball from a "neutral" rating to an "outperform" rating and set a $67.00 price objective for the company in a report on Tuesday, December 10th. Citigroup upped their target price on Ball from $66.00 to $69.00 and gave the stock a "neutral" rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $75.00 target price on shares of Ball in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $69.08.

Ball Trading Down 0.1 %

Shares of NYSE BALL traded down $0.03 during trading hours on Monday, hitting $54.00. The company's stock had a trading volume of 2,685,629 shares, compared to its average volume of 2,309,243. Ball has a 12 month low of $53.85 and a 12 month high of $71.32. The stock has a market cap of $16.12 billion, a price-to-earnings ratio of 4.07, a P/E/G ratio of 1.44 and a beta of 0.93. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 1.09. The business has a 50-day simple moving average of $59.16 and a 200-day simple moving average of $62.09.

Ball (NYSE:BALL - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.13 billion. Ball had a return on equity of 17.46% and a net margin of 34.05%. The business's quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the company earned $0.83 EPS. On average, analysts anticipate that Ball will post 3.15 earnings per share for the current fiscal year.

Ball Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Monday, December 2nd. Ball's payout ratio is 6.03%.

Institutional Trading of Ball

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Peterson Financial Group Inc. bought a new stake in shares of Ball in the 3rd quarter worth $30,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Ball during the third quarter valued at $47,000. Quarry LP increased its holdings in Ball by 598.6% in the 2nd quarter. Quarry LP now owns 999 shares of the company's stock worth $60,000 after buying an additional 856 shares in the last quarter. Brooklyn Investment Group purchased a new position in Ball in the 3rd quarter worth about $66,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Ball by 334.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company's stock valued at $68,000 after acquiring an additional 815 shares during the period. 86.51% of the stock is currently owned by 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.