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

Ball (NYSE:BALLGet 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:BALLGet 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

(Get Rating)

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.

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