Truist Financial Boosts Ball (NYSE:BALL) Price Target to $69.00

Ball (NYSE:BALL) had its price target lifted by equities research analysts at Truist Financial from $62.00 to $69.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 18.35% from the stock’s current price.

A number of other research analysts have also recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Ball from $44.00 to $50.00 and gave the company an “underweight” rating in a research report on Wednesday, May 7th. Loop Capital lowered their price target on shares of Ball from $83.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Barclays lowered their price target on shares of Ball from $61.00 to $57.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 14th. Citigroup lifted their price target on shares of Ball from $55.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, July 3rd. Finally, Mizuho lowered their price target on shares of Ball from $63.00 to $58.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.36.

Ball Trading Down 0.2%

NYSE:BALL opened at $58.30 on Friday. The company has a 50-day moving average price of $54.83 and a 200-day moving average price of $52.74. Ball has a 12 month low of $43.51 and a 12 month high of $68.12. The company has a current ratio of 1.04, a quick ratio of 0.70 and a debt-to-equity ratio of 1.10. The stock has a market cap of $16.17 billion, a price-to-earnings ratio of 34.70, a P/E/G ratio of 1.63 and a beta of 1.08.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Picton Mahoney Asset Management raised its holdings in shares of Ball by 68.9% during the fourth quarter. Picton Mahoney Asset Management now owns 522 shares of the company’s stock valued at $29,000 after purchasing an additional 213 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Ball during the first quarter valued at approximately $32,000. Strengthening Families & Communities LLC raised its holdings in shares of Ball by 72.4% during the first quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock valued at $37,000 after purchasing an additional 297 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Ball during the first quarter valued at approximately $39,000. Finally, Whipplewood Advisors LLC raised its holdings in shares of Ball by 764.9% during 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 hedge funds and other institutional investors.

About Ball

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.