Ball (NYSE:BALL) Stock Price Expected to Rise, Citigroup Analyst Says

Ball (NYSE:BALL) had its price target lifted by analysts at Citigroup from $55.00 to $63.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price indicates a potential upside of 7.49% from the stock’s current price.

Several other equities research analysts have also commented on the company. Truist Financial cut their target price on Ball from $65.00 to $58.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Mizuho decreased their price target on shares of Ball from $63.00 to $58.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Loop Capital dropped their price objective on shares of Ball from $83.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Wells Fargo & Company raised their target price on Ball from $44.00 to $50.00 and gave the company an “underweight” rating in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada upped their price target on Ball from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.40.

Ball Trading Down 0.2%

NYSE:BALL opened at $58.61 on Thursday. Ball has a 52 week low of $43.51 and a 52 week high of $68.12. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.04. The firm’s fifty day moving average is $54.14 and its 200-day moving average is $52.68. The firm has a market cap of $16.26 billion, a P/E ratio of 34.89, a P/E/G ratio of 1.58 and a beta of 1.08.

Ball (NYSE:BALL) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.07. Ball had a net margin of 4.18% and a return on equity of 15.41%. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities analysts expect that Ball will post 3.48 earnings per share for the current year.

Institutional Trading of Ball

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management grew its holdings in Ball by 68.9% during the fourth quarter. Picton Mahoney Asset Management now owns 522 shares of the company’s stock worth $29,000 after buying an additional 213 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in Ball during the 1st quarter valued at $32,000. Strengthening Families & Communities LLC boosted its holdings in Ball by 72.4% during the 1st quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock worth $37,000 after acquiring an additional 297 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Ball in the 1st quarter worth $39,000. Finally, Whipplewood Advisors LLC raised its holdings in shares of Ball by 764.9% in the first quarter. Whipplewood Advisors LLC now owns 813 shares of the company’s stock valued at $42,000 after purchasing an additional 719 shares during the last quarter. 86.51% of the stock is owned by 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.