Ball (NYSE:BLL) Given New $80.00 Price Target at Barclays

Ball (NYSE:BLL – Get Rating) had its price objective lowered by research analysts at Barclays from $95.00 to $80.00 in a report released on Monday, The Fly reports. Barclays‘s target price would suggest a potential upside of 11.25% from the company’s previous close.

A number of other equities analysts also recently commented on the company. Truist Financial raised their price objective on Ball from $100.00 to $105.00 in a report on Wednesday, January 12th. Deutsche Bank Aktiengesellschaft dropped their target price on Ball from $102.00 to $98.00 in a report on Monday, April 18th. Zacks Investment Research upgraded Ball from a “sell” rating to a “hold” rating and set a $93.00 target price on the stock in a report on Friday, April 8th. StockNews.com downgraded Ball from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Bank of America upgraded Ball from a “neutral” rating to a “buy” rating and raised their target price for the company from $103.00 to $108.00 in a report on Monday, March 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $100.38.

Ball stock opened at $71.91 on Monday. The stock’s 50-day moving average is $87.68 and its 200-day moving average is $90.55. The company has a market cap of $23.10 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 3.61 and a beta of 0.55. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.97 and a quick ratio of 0.58. Ball has a 12 month low of $70.33 and a 12 month high of $98.09.

Ball (NYSE:BLL – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The industrial products company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.06). The firm had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.52 billion. Ball had a return on equity of 30.95% and a net margin of 7.80%. The business’s revenue for the quarter was up 18.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.72 earnings per share. Research analysts anticipate that Ball will post 3.93 EPS for the current year.

In other news, Director Betty J. Sapp bought 1,362 shares of the firm’s stock in a transaction dated Thursday, March 10th. The stock was bought at an average price of $85.55 per share, for a total transaction of $116,519.10. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, VP Nate C. Carey sold 8,563 shares of Ball stock in a transaction that occurred on Thursday, February 17th. The stock was sold at an average price of $91.90, for a total value of $786,939.70. The disclosure for this sale can be found here. In the last quarter, insiders bought 15,862 shares of company stock valued at $1,381,499. Insiders own 1.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Clearstead Advisors LLC boosted its position in Ball by 1,357.9% during the 3rd quarter. Clearstead Advisors LLC now owns 277 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 258 shares during the period. Rise Advisors LLC acquired a new position in Ball during the 4th quarter valued at approximately $28,000. Riverview Trust Co acquired a new position in Ball during the 1st quarter valued at approximately $30,000. Perkins Coie Trust Co acquired a new position in Ball during the 1st quarter valued at approximately $39,000. Finally, Glassman Wealth Services boosted its position in Ball by 33.1% during the 4th quarter. Glassman Wealth Services now owns 466 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 116 shares during the period. Institutional investors and hedge funds own 82.64% of the company’s stock.

Ball Company Profile (Get Rating)

Ball Corp. provides metal packaging for beverages, foods, and household products. It operates through the following business segments: Beverage Packaging North and Central America, Beverage Packaging South America, Beverage Packaging Europe, Middle East and Africa (EMEA), and Aerospace. The Beverage Packaging North and Central America segment includes multi-year supply contracts to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.

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