Mizuho Cuts Ball (NYSE:BALL) Price Target to $67.00

Ball (NYSE:BALL) had its price objective reduced by Mizuho from $69.00 to $67.00 in a report issued on Monday morning, Benzinga reports. Mizuho currently has a neutral rating on the stock.

A number of other equities research analysts also recently weighed in on the stock. Citigroup boosted their price objective on shares of Ball from $66.00 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Truist Financial reissued a “buy” rating and issued a $78.00 price target (up previously from $76.00) on shares of Ball in a report on Friday, August 2nd. Morgan Stanley upgraded Ball from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $69.00 to $78.00 in a research report on Wednesday, September 4th. Robert W. Baird raised Ball from a “neutral” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Wednesday, August 14th. Finally, UBS Group increased their price objective on shares of Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.75.

Ball Trading Up 0.5 %

NYSE:BALL opened at $60.27 on Monday. Ball has a 52 week low of $48.05 and a 52 week high of $71.32. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. The company has a market cap of $17.99 billion, a PE ratio of 4.55, a P/E/G ratio of 1.48 and a beta of 0.90. The business’s 50 day moving average is $65.00 and its two-hundred day moving average is $64.96.

Ball (NYSE:BALL) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Ball had a return on equity of 17.46% and a net margin of 34.05%. The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the business posted $0.83 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. On average, analysts predict that Ball will post 3.13 EPS for the current year.

Ball Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.33%. Ball’s dividend payout ratio (DPR) is 6.03%.

Institutional Investors Weigh In On Ball

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BALL. Vanguard Group Inc. increased its position in shares of Ball by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 35,855,312 shares of the company’s stock valued at $2,415,214,000 after purchasing an additional 267,479 shares during the period. Boston Partners grew its holdings in Ball by 114.1% during the first quarter. Boston Partners now owns 4,057,645 shares of the company’s stock worth $273,347,000 after acquiring an additional 2,162,167 shares during the period. Mirova US LLC raised its position in Ball by 0.5% in the second quarter. Mirova US LLC now owns 2,495,497 shares of the company’s stock worth $149,780,000 after acquiring an additional 13,320 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Ball by 7.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,414,615 shares of the company’s stock valued at $144,951,000 after acquiring an additional 171,924 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in Ball by 6.1% in the 3rd quarter. Raymond James & Associates now owns 1,720,859 shares of the company’s stock valued at $116,864,000 after acquiring an additional 99,306 shares during the last quarter. 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.