Ball (NYSE:BALL) Price Target Lowered to $91.00 at Credit Suisse Group

Ball (NYSE:BALL – Get Rating) had its target price lowered by stock analysts at Credit Suisse Group to $91.00 in a research note issued on Friday, Stock Target Advisor reports. Credit Suisse Group’s target price indicates a potential upside of 28.69% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Truist Financial upgraded Ball from a “hold” rating to a “buy” rating in a research report on Tuesday, May 17th. Wells Fargo & Company downgraded Ball from an “equal weight” rating to an “underweight” rating and set a $65.00 target price on the stock. in a research note on Thursday, June 9th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $87.00 target price on shares of Ball in a research note on Monday, May 16th.

Ball Price Performance

NYSE:BALL opened at $70.71 on Friday. Ball has a 12-month low of $62.90 and a 12-month high of $98.09. The firm has a market cap of $22.61 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 3.76 and a beta of 0.55. The company has a quick ratio of 0.61, a current ratio of 0.97 and a debt-to-equity ratio of 2.09. The firm’s 50 day moving average is $69.65.

Ball (NYSE:BALL – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.06). Ball had a net margin of 7.80% and a return on equity of 30.95%. The company had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.55 billion. Research analysts anticipate that Ball will post 3.82 EPS for the current fiscal year.

Ball Company Profile

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Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. It operates through four segments: Beverage Packaging, North and Central America; Beverage Packaging, Europe, Middle East and Africa; Beverage Packaging, South America; and Aerospace.