Ball (NYSE:BALL) Given "Underweight" Rating at Wells Fargo & Company

Wells Fargo & Company reissued their underweight rating on shares of Ball (NYSE:BALL - Free Report) in a research note published on Thursday morning, MarketBeat.com reports. They currently have a $49.00 price objective on the stock, down from their previous price objective of $56.00.

BALL has been the subject of a number of other research reports. Morgan Stanley lowered their target price on Ball from $78.00 to $75.00 and set an "overweight" rating for the company in a research note on Monday. Truist Financial lowered their price objective on shares of Ball from $78.00 to $73.00 and set a "buy" rating for the company in a research report on Monday, January 6th. UBS Group raised shares of Ball from a "sell" rating to a "neutral" rating and reduced their target price for the stock from $62.00 to $58.00 in a research report on Friday, January 10th. Citigroup lowered their price target on shares of Ball from $69.00 to $59.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $75.00 price objective on shares of Ball in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $68.17.

Ball Trading Down 0.4 %

Shares of NYSE:BALL traded down $0.24 during midday trading on Thursday, reaching $54.02. The company's stock had a trading volume of 1,442,807 shares, compared to its average volume of 2,436,361. Ball has a 1 year low of $51.96 and a 1 year high of $71.32. The business has a 50 day moving average price of $58.05 and a 200 day moving average price of $61.72. 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 market cap of $16.12 billion, a price-to-earnings ratio of 4.07, a price-to-earnings-growth ratio of 1.24 and a beta of 0.93.

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

Ball Dividend Announcement

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BALL. Acadian Asset Management LLC acquired a new stake in shares of Ball during the 2nd quarter valued at approximately $384,000. Federated Hermes Inc. raised its holdings in shares of Ball by 0.9% during the second 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 period. Dimensional Fund Advisors LP raised 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. Renaissance Technologies LLC lifted its position in shares of Ball by 18.0% in the 2nd quarter. Renaissance Technologies LLC now owns 126,322 shares of the company's stock worth $7,582,000 after buying an additional 19,300 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Ball in the 2nd quarter valued at about $773,000. Institutional investors own 86.51% of the company's stock.

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.