Ball (NYSE:BALL) Given New $67.00 Price Target at Mizuho

Ball (NYSE:BALL) had its price objective reduced by investment analysts at Mizuho from $69.00 to $67.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price target indicates a potential upside of 11.70% from the company’s previous close.

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

Ball Stock Up 0.9 %

NYSE:BALL opened at $59.98 on Monday. 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 stock’s fifty day moving average is $65.00 and its two-hundred day moving average is $64.96. Ball has a 52 week low of $48.05 and a 52 week high of $71.32. The stock has a market capitalization of $17.90 billion, a price-to-earnings ratio of 4.52, a price-to-earnings-growth ratio of 1.48 and a beta of 0.90.

Ball (NYSE:BALL) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Ball had a return on equity of 17.46% and a net margin of 34.05%. The company had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the firm earned $0.83 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. Research analysts anticipate that Ball will post 3.13 EPS for the current year.

Hedge Funds Weigh In On Ball

Several hedge funds have recently made changes to their positions in the company. MQS Management LLC grew its holdings in shares of Ball by 10.0% during the third quarter. MQS Management LLC now owns 8,873 shares of the company’s stock worth $603,000 after purchasing an additional 808 shares during the last quarter. Aigen Investment Management LP grew its holdings in shares of Ball by 44.6% during the third quarter. Aigen Investment Management LP now owns 11,392 shares of the company’s stock worth $774,000 after purchasing an additional 3,512 shares during the last quarter. Hemenway Trust Co LLC grew its holdings in shares of Ball by 46.3% during the third quarter. Hemenway Trust Co LLC now owns 275,083 shares of the company’s stock worth $18,681,000 after purchasing an additional 87,120 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Ball by 0.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 692,380 shares of the company’s stock worth $47,020,000 after purchasing an additional 2,762 shares during the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Ball by 6.8% during the third quarter. GSA Capital Partners LLP now owns 9,519 shares of the company’s stock worth $646,000 after buying an additional 608 shares during 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.