Ball Co. (NYSE:BALL) Receives Consensus Recommendation of “Hold” from Analysts

Ball Co. (NYSE:BALL) has been given a consensus recommendation of “Hold” by the thirteen research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $65.58.

BALL has been the subject of several analyst reports. Bank of America raised Ball from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $61.00 to $72.00 in a report on Monday, March 4th. Morgan Stanley began coverage on shares of Ball in a report on Monday, March 18th. They set an “equal weight” rating and a $68.00 target price for the company. Truist Financial reiterated a “hold” rating and issued a $60.00 target price on shares of Ball in a research note on Friday, April 12th. Mizuho raised their target price on Ball to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, February 20th. Finally, Jefferies Financial Group upped their target price on Ball from $69.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd.

Insider Buying and Selling at Ball

In related news, insider Daniel William Fisher bought 3,869 shares of the stock in a transaction dated Thursday, March 14th. The shares were acquired at an average cost of $64.56 per share, for a total transaction of $249,782.64. Following the acquisition, the insider now directly owns 111,866 shares in the company, valued at approximately $7,222,068.96. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.81% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp increased its position in Ball by 3.3% during the first quarter. Fifth Third Bancorp now owns 8,569 shares of the company’s stock worth $577,000 after purchasing an additional 271 shares during the last quarter. Cigna Investments Inc. New purchased a new stake in shares of Ball in the 1st quarter valued at approximately $218,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Ball by 3.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 54,953 shares of the company’s stock worth $3,702,000 after buying an additional 1,590 shares during the last quarter. Raymond James & Associates raised its position in shares of Ball by 10.2% during the 1st quarter. Raymond James & Associates now owns 1,380,051 shares of the company’s stock valued at $92,960,000 after buying an additional 127,966 shares during the period. Finally, Veracity Capital LLC raised its position in shares of Ball by 5.6% during the 1st quarter. Veracity Capital LLC now owns 3,739 shares of the company’s stock valued at $252,000 after buying an additional 197 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Up 0.1 %

Shares of Ball stock opened at $65.50 on Wednesday. The company has a market cap of $20.67 billion, a P/E ratio of 29.24, a PEG ratio of 4.20 and a beta of 0.89. Ball has a 52-week low of $42.81 and a 52-week high of $67.97. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 1.96. The firm’s 50 day moving average price is $64.84 and its 200-day moving average price is $57.68.

Ball (NYSE:BALL) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. The business had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.56 billion. Ball had a return on equity of 23.81% and a net margin of 5.04%. The company’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.44 earnings per share. On average, sell-side analysts predict that Ball will post 3.09 EPS for the current fiscal year.

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.