Truist Financial Cuts Ball (NYSE:BALL) Price Target to $73.00

Ball (NYSE:BALL) had its price objective decreased by Truist Financial from $78.00 to $73.00 in a report published on Monday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Citigroup boosted their price target on shares of Ball from $66.00 to $69.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Mizuho upgraded shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 target price for the company in a research report on Tuesday, December 10th. Wells Fargo & Company reduced their price target on Ball from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $75.00 price objective on shares of Ball in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $69.08.

Ball Stock Down 0.4 %

Shares of BALL opened at $53.49 on Monday. The business’s fifty day moving average price is $58.54 and its two-hundred day moving average price is $61.93. The firm has a market capitalization of $15.96 billion, a price-to-earnings ratio of 4.03, a PEG ratio of 1.44 and a beta of 0.93. Ball has a 52 week low of $52.97 and a 52 week high of $71.32. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.82 and a current ratio of 1.09.

Ball (NYSE:BALL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Ball had a return on equity of 17.46% and a net margin of 34.05%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business earned $0.83 earnings per share. On average, analysts predict that Ball will post 3.15 earnings per share for the current year.

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Monday, December 2nd. Ball’s dividend payout ratio (DPR) is presently 6.03%.

Institutional Trading of Ball

Large investors have recently bought and sold shares of the business. Peterson Financial Group Inc. acquired a new position in shares of Ball in the third quarter valued at approximately $30,000. Catalyst Capital Advisors LLC bought a new stake in Ball in the 3rd quarter valued at $47,000. Quarry LP boosted its stake in Ball by 598.6% in the 2nd quarter. Quarry LP now owns 999 shares of the company’s stock worth $60,000 after purchasing an additional 856 shares during the period. Brooklyn Investment Group bought a new position in Ball during the 3rd quarter worth about $66,000. Finally, EverSource Wealth Advisors LLC raised 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 valued at $68,000 after purchasing an additional 815 shares during the period. 86.51% of the stock is owned by institutional investors.

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.