Shares of Ball Co. (NYSE:BALL – Get Free Report) have been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $71.25.
Several equities analysts have commented on BALL shares. Citigroup increased their price target on shares of Ball from $66.00 to $69.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada lowered their target price on shares of Ball from $80.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Wells Fargo & Company lifted their price target on shares of Ball from $61.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Tuesday. UBS Group upped their price objective on shares of Ball from $56.00 to $59.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th. Finally, Morgan Stanley upgraded Ball from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $69.00 to $78.00 in a research report on Wednesday, September 4th.
Read Our Latest Report on Ball
Institutional Investors Weigh In On Ball
Ball Stock Performance
Shares of BALL stock opened at $66.03 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79. The firm has a fifty day moving average price of $64.84 and a 200 day moving average price of $65.18. The company has a market cap of $20.49 billion, a P/E ratio of 4.97, a PEG ratio of 1.63 and a beta of 0.88. Ball has a 12 month low of $42.81 and a 12 month high of $71.32.
Ball (NYSE:BALL – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. Ball had a return on equity of 19.45% and a net margin of 32.79%. The company had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the previous year, the business earned $0.61 EPS. Ball’s revenue for the quarter was down 3.5% on a year-over-year basis. Sell-side analysts predict that Ball will post 3.12 earnings per share for the current fiscal year.
Ball Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.80 annualized dividend and a dividend yield of 1.21%. Ball’s dividend payout ratio (DPR) is currently 6.02%.
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.
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