Mizuho Has Lowered Expectations for Ball (NYSE:BALL) Stock Price

Ball (NYSE:BALL) had its price objective lowered by research analysts at Mizuho from $69.00 to $67.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price objective would indicate a potential upside of 11.70% from the company’s current price.

A number of other brokerages have also recently commented on BALL. Baird R W raised Ball from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 14th. Robert W. Baird raised Ball from a “neutral” rating to an “outperform” rating and set a $70.00 price objective for the company in a report on Wednesday, August 14th. Morgan Stanley raised Ball from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $69.00 to $78.00 in a report on Wednesday, September 4th. UBS Group boosted their price objective on Ball from $56.00 to $59.00 and gave the company a “sell” rating in a report on Tuesday, August 6th. Finally, Royal Bank of Canada decreased their price objective on Ball from $77.00 to $75.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.75.

Ball Trading Up 0.9 %

Shares of NYSE:BALL opened at $59.98 on Monday. Ball has a 12-month low of $48.05 and a 12-month high of $71.32. The business’s fifty day simple moving average is $65.00 and its 200-day simple moving average is $64.96. The company has a market capitalization of $17.90 billion, a PE ratio of 4.52, a P/E/G ratio of 1.48 and a beta of 0.90. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.79.

Ball (NYSE:BALL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the business posted $0.83 EPS. The business’s revenue was down .9% compared to the same quarter last year. As a group, equities research analysts predict that Ball will post 3.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ball

Several large investors have recently bought and sold shares of the company. Catalyst Capital Advisors LLC purchased a new stake in shares of Ball in the third quarter valued at approximately $47,000. Friedenthal Financial purchased a new stake in shares of Ball in the second quarter valued at approximately $47,000. Quarry LP grew its position in shares of Ball by 598.6% in the second quarter. Quarry LP now owns 999 shares of the company’s stock valued at $60,000 after purchasing an additional 856 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of Ball by 29.1% in the third quarter. Farther Finance Advisors LLC now owns 1,011 shares of the company’s stock valued at $69,000 after purchasing an additional 228 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Ball by 334.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,059 shares of the company’s stock valued at $68,000 after purchasing an additional 815 shares in the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

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.