Ball Co. (NYSE:BALL) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Ball Co. (NYSE:BALL) have been given an average rating of “Moderate Buy” by the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $68.17.

A number of equities analysts recently issued reports on BALL shares. Citigroup decreased their target price on shares of Ball from $69.00 to $59.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Morgan Stanley dropped their target price on shares of Ball from $78.00 to $75.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price target on shares of Ball in a report on Monday, November 4th. Truist Financial cut their price objective on shares of Ball from $78.00 to $73.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, UBS Group raised Ball from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $62.00 to $58.00 in a report on Friday, January 10th.

Institutional Trading of Ball

A number of institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC grew its stake in shares of Ball by 18.0% during the second quarter. Renaissance Technologies LLC now owns 126,322 shares of the company’s stock valued at $7,582,000 after buying an additional 19,300 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Ball by 36.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,590 shares of the company’s stock valued at $155,000 after purchasing an additional 698 shares during the period. AE Wealth Management LLC bought a new stake in shares of Ball during the 2nd quarter valued at $396,000. ProShare Advisors LLC boosted its stake in Ball by 6.4% during the second quarter. ProShare Advisors LLC now owns 51,466 shares of the company’s stock worth $3,089,000 after acquiring an additional 3,081 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Ball by 334.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock worth $68,000 after buying an additional 815 shares during the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Ball Stock Performance

Shares of BALL stock opened at $55.20 on Friday. The firm has a market capitalization of $16.47 billion, a P/E ratio of 4.16, a P/E/G ratio of 1.37 and a beta of 0.93. Ball has a 12 month low of $51.96 and a 12 month high of $71.32. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 0.82. The company’s fifty day moving average price is $57.30 and its two-hundred day moving average price is $61.48.

Ball (NYSE:BALL) last issued its quarterly 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. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The business’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 earnings per share. On average, research analysts anticipate that Ball will post 3.15 earnings per share for the current fiscal year.

About Ball

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.