Analysts Set Ball Co. (NYSE:BALL) PT at $70.75

Shares of Ball Co. (NYSE:BALL) have received an average rating of “Moderate Buy” from the fourteen research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $70.75.

BALL has been the topic of several recent analyst reports. Baird R W upgraded Ball from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Truist Financial reiterated 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. UBS Group raised their price objective on shares of Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. Robert W. Baird raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price objective on the stock in a research report on Wednesday, August 14th. Finally, Morgan Stanley upgraded Ball from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $69.00 to $78.00 in a report on Wednesday, September 4th.

Institutional Investors Weigh In On Ball

Large investors have recently made changes to their positions in the stock. TD Asset Management Inc raised its position in Ball by 4.2% during the first quarter. TD Asset Management Inc now owns 1,453,639 shares of the company’s stock worth $97,917,000 after acquiring an additional 58,863 shares in the last quarter. QRG Capital Management Inc. lifted its stake in Ball by 306.6% in the 2nd quarter. QRG Capital Management Inc. now owns 31,750 shares of the company’s stock valued at $1,906,000 after purchasing an additional 23,941 shares during the last quarter. Addenda Capital Inc. grew its holdings in Ball by 7.3% during the second quarter. Addenda Capital Inc. now owns 153,464 shares of the company’s stock worth $9,211,000 after purchasing an additional 10,427 shares during the period. Russell Investments Group Ltd. increased its position in Ball by 5.8% during the first quarter. Russell Investments Group Ltd. now owns 669,904 shares of the company’s stock worth $45,122,000 after buying an additional 36,749 shares during the last quarter. Finally, UniSuper Management Pty Ltd raised its stake in Ball by 436.8% in the first quarter. UniSuper Management Pty Ltd now owns 18,010 shares of the company’s stock valued at $1,213,000 after buying an additional 14,655 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Trading Up 0.5 %

BALL opened at $60.64 on Friday. The firm’s fifty day moving average is $64.74 and its two-hundred day moving average is $64.81. The firm has a market cap of $18.10 billion, a PE ratio of 4.55, a price-to-earnings-growth ratio of 1.51 and a beta of 0.90. Ball has a twelve month low of $48.35 and a twelve month high of $71.32. 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) last issued its quarterly earnings data 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 return on equity of 17.46% and a net margin of 34.05%. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the business posted $0.83 EPS. The firm’s revenue was down .9% compared to the same quarter last year. Equities research analysts anticipate that Ball will post 3.15 EPS for the current year.

Ball Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Monday, December 2nd. Ball’s dividend payout ratio (DPR) is 6.03%.

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.