Ball (NYSE:BALL) Price Target Cut to $59.00 by Analysts at Citigroup

Ball (NYSE:BALL) had its price objective cut by Citigroup from $69.00 to $59.00 in a report released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts also recently commented on BALL. Mizuho upgraded shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price target for the company in a report on Tuesday, December 10th. Truist Financial cut their price target on Ball from $78.00 to $73.00 and set a “buy” rating for the company in a report on Monday. Wells Fargo & Company lowered their price objective on Ball from $61.00 to $56.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 target price on shares of Ball in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.08.

Ball Stock Performance

NYSE:BALL opened at $54.00 on Monday. Ball has a twelve month low of $53.85 and a twelve month high of $71.32. The company 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 0.93. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79. The firm has a 50-day moving average price of $58.95 and a two-hundred day moving average price of $62.04.

Ball (NYSE:BALL) 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 business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The company’s revenue was down .9% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. As a group, research analysts expect that Ball will post 3.15 earnings per share for the current fiscal year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.48%. The ex-dividend date was Monday, December 2nd. Ball’s dividend payout ratio (DPR) is presently 6.03%.

Institutional Trading of Ball

Several large investors have recently bought and sold shares of BALL. Everence Capital Management Inc. purchased a new position in Ball in the 4th quarter valued at about $774,000. Principal Financial Group Inc. lifted its stake in shares of Ball by 1.1% in the third quarter. Principal Financial Group Inc. now owns 364,856 shares of the company’s stock worth $24,777,000 after acquiring an additional 3,967 shares in the last quarter. Copley Financial Group Inc. purchased a new position in Ball in the third quarter valued at about $504,000. Oddo BHF Asset Management Sas acquired a new stake in Ball during the 3rd quarter valued at approximately $1,195,000. Finally, Inspire Trust Co. N.A. raised its position in shares of Ball by 20.0% in the 3rd quarter. Inspire Trust Co. N.A. now owns 48,000 shares of the company’s stock valued at $3,260,000 after purchasing an additional 8,000 shares in the last quarter. Institutional investors and hedge funds 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.