Ball Corporation (BALL) – What Are Brokerages Thinking About This Stock?

Shares of Ball Corporation (NYSE:BALL) have been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $72.15.

Several research firms have recently commented on BALL. Truist Financial reaffirmed a “buy” rating and issued a $76.00 target price (down from $78.00) on shares of Ball in a research report on Wednesday, November 4th. Weiss Ratings cut shares of Ball from a “buy (b-)” rating to a “hold (c)” rating in a research report on Wednesday, November 4th. Mizuho increased their price target on shares of Ball from $72.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 4th. JPMorgan Chase & Co. lowered shares of Ball from an “overweight” rating to a “neutral” rating and set a $65.00 price objective for the company. in a report on Wednesday, November 4th. Finally, Royal Bank Of Canada lifted their price objective on Ball from $73.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, November 5th.

Insider Activity at Ball

In related news, SVP Mandy Glew sold 5,626 shares of Ball stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total transaction of $358,938.80. Following the sale, the senior vice president directly owned 7,209 shares in the company, valued at $459,934.20. The trade was a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.58% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ball

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BALL. Pension & Wealth Management Advisors Inc. bought a new stake in shares of Ball during the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Ball in the 3rd quarter worth about $25,000. Basecamp Wealth Advisors LLC increased its stake in shares of Ball by 135.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock worth $28,000 after acquiring an additional 274 shares in the last quarter. Ancora Advisors LLC bought a new position in shares of Ball in the 2nd quarter worth about $30,000. Finally, Fairscale Capital LLC purchased a new position in Ball during the 3rd quarter valued at about $28,000. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Price Performance

Shares of Ball stock opened at $65.75 on Thursday. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 1.11. The company has a market cap of $17.11 billion, a PE ratio of 33.04, a P/E/G ratio of 1.46 and a beta of 0.94. The business has a 50 day moving average of $61.57 and a 200 day moving average of $61.26. Ball has a 52 week low of $46.41 and a 52 week high of $69.57.

Ball (NYSE:BALL) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $3.78 billion. Ball had a return on equity of 18.81% and a net margin of 3.52%. The firm’s revenue was up 23.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.02 earnings per share. As a group, equities research analysts forecast that Ball will post 4.00 earnings per share for the current year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, December 1st. Ball’s dividend payout ratio (DPR) is presently 40.20%.

About Ball

Ball Corporation is a global supplier of aluminum packaging, best known for making beverage cans and ends for beverage companies. Its products are used for a range of drinks, including beer, soft drinks, energy drinks and other beverages. The company also offers aluminum cups and other specialty packaging products. Ball serves customers across North America, South America, Europe, the Middle East, Africa and Asia. Its packaging operations support beverage brands and producers with manufacturing capabilities in multiple regions.