Ball (NYSE:BALL) Stock Price Expected to Rise, Mizuho Analyst Says

Ball (NYSE:BALL) had its price target increased by equities research analysts at Mizuho from $60.00 to $68.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Mizuho’s price objective would indicate a potential upside of 16.69% from the stock’s previous close.

BALL has been the topic of a number of other research reports. Royal Bank Of Canada boosted their price target on Ball from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Thursday, May 8th. Loop Capital reduced their target price on Ball from $83.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. Truist Financial raised their price target on Ball from $62.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, July 11th. Wells Fargo & Company increased their price target on shares of Ball from $44.00 to $50.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 7th. Finally, Bank of America reaffirmed a “neutral” rating and set a $66.00 price objective (down from $67.00) on shares of Ball in a research report on Wednesday, July 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.27.

Ball Stock Performance

NYSE:BALL opened at $58.27 on Tuesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.70 and a current ratio of 1.04. Ball has a fifty-two week low of $43.51 and a fifty-two week high of $68.12. The firm has a market cap of $16.17 billion, a PE ratio of 34.69, a price-to-earnings-growth ratio of 1.61 and a beta of 1.08. The business has a 50 day moving average price of $55.23 and a 200-day moving average price of $52.81.

Ball (NYSE:BALL) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.76 earnings per share for the quarter, beating 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 business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter in the prior year, the company posted $0.68 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts predict that Ball will post 3.48 earnings per share for the current year.

Hedge Funds Weigh In On Ball

Several large investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in Ball by 12.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,718 shares of the company’s stock valued at $2,044,000 after purchasing an additional 4,289 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Ball by 5.0% during the first quarter. Asset Management One Co. Ltd. now owns 122,483 shares of the company’s stock valued at $6,378,000 after buying an additional 5,841 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Ball by 12.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 55,997 shares of the company’s stock valued at $2,916,000 after buying an additional 6,106 shares during the last quarter. PFG Investments LLC bought a new stake in shares of Ball during the first quarter valued at approximately $307,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Ball by 19.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,481 shares of the company’s stock valued at $1,171,000 after acquiring an additional 3,676 shares in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

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.