Ball Co. (NYSE:BALL - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $53.96 and last traded at $53.97, with a volume of 1214855 shares. The stock had previously closed at $54.44.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. Mizuho upgraded shares of Ball from a "neutral" rating to an "outperform" rating and set a $67.00 price objective on the stock in a research note on Tuesday, December 10th. Citigroup increased their price target on Ball from $66.00 to $69.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 2nd. Royal Bank of Canada restated an "outperform" rating and set a $75.00 price objective on shares of Ball in a research report on Monday, November 4th. Finally, Wells Fargo & Company dropped their target price on Ball from $63.00 to $61.00 and set an "equal weight" rating on the stock in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Ball presently has an average rating of "Moderate Buy" and an average target price of $70.75.
Check Out Our Latest Report on Ball
Ball Trading Down 0.8 %
The business has a 50 day simple moving average of $59.36 and a 200-day simple moving average of $62.18. The stock has a market capitalization of $16.12 billion, a P/E ratio of 4.07, a price-to-earnings-growth ratio of 1.44 and a beta of 0.91. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 1.09.
Ball (NYSE:BALL - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The business's revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 EPS. On average, analysts predict that Ball Co. will post 3.15 EPS for the current year.
Ball Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $0.20 dividend. The ex-dividend date was Monday, December 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.48%. Ball's dividend payout ratio (DPR) is 6.03%.
Institutional Trading of Ball
Several institutional investors and hedge funds have recently bought and sold shares of BALL. Meeder Asset Management Inc. lifted its stake in Ball by 400.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 162,690 shares of the company's stock worth $11,048,000 after acquiring an additional 130,175 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Ball by 9.7% in the 2nd quarter. American Century Companies Inc. now owns 538,045 shares of the company's stock valued at $32,293,000 after purchasing an additional 47,539 shares during the period. SkyView Investment Advisors LLC lifted its position in shares of Ball by 12.3% in the second quarter. SkyView Investment Advisors LLC now owns 9,039 shares of the company's stock worth $543,000 after purchasing an additional 990 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Ball by 7.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,414,615 shares of the company's stock worth $144,951,000 after purchasing an additional 171,924 shares during the period. Finally, Hemenway Trust Co LLC grew its position in Ball by 46.3% during the third quarter. Hemenway Trust Co LLC now owns 275,083 shares of the company's stock valued at $18,681,000 after purchasing an additional 87,120 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.
Ball Company Profile
(
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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.
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