Ball Corporation (NYSE:BALL) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Ball Corporation (NYSE:BALL) have earned a consensus rating of “Moderate Buy” from the thirteen analysts that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $70.8462.

A number of analysts recently issued reports on BALL shares. Truist Financial increased their price target on shares of Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a report on Wednesday, April 15th. Wells Fargo & Company upped their price objective on shares of Ball from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada increased their target price on shares of Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. UBS Group dropped their target price on Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Finally, Weiss Ratings upgraded Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th.

Ball Stock Performance

Shares of NYSE BALL opened at $65.19 on Tuesday. The company has a 50 day simple moving average of $59.85 and a two-hundred day simple moving average of $60.60. The stock has a market cap of $17.36 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 1.28 and a beta of 0.98. The company has a current ratio of 1.12, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. Ball has a 12 month low of $44.83 and a 12 month high of $68.29.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. Ball had a net margin of 6.86% and a return on equity of 18.69%. As a group, analysts predict that Ball will post 3.99 earnings per share for the current year.

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 1st. Ball’s dividend payout ratio (DPR) is presently 23.12%.

Institutional Trading of Ball

A number of institutional investors and hedge funds have recently made changes to their positions in BALL. Triumph Capital Management acquired a new stake in Ball in the 3rd quarter valued at $26,000. Basecamp Wealth Advisors LLC raised its position in Ball by 135.0% during the first quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock worth $28,000 after acquiring an additional 274 shares during the period. Gilpin Wealth Management LLC purchased a new position in Ball during the fourth quarter valued at $29,000. Harbour Investments Inc. lifted its holdings in Ball by 44.1% during the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock valued at $38,000 after purchasing an additional 222 shares in the last quarter. Finally, Trust Co. of Vermont lifted its holdings in Ball by 297.0% during the fourth quarter. Trust Co. of Vermont now owns 802 shares of the company’s stock valued at $42,000 after purchasing an additional 600 shares in the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

About Ball

Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.

The company’s packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.