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

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

Several other research analysts also recently issued reports on the stock. UBS Group upped their price target on shares of Ball from $56.00 to $59.00 and gave the stock a “sell” rating in a report on Tuesday, August 6th. Wells Fargo & Company cut their price target on Ball from $63.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Friday, November 1st. Morgan Stanley raised Ball from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $69.00 to $78.00 in a research note on Wednesday, September 4th. Citigroup lifted their target price on shares of Ball from $66.00 to $69.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada decreased their price target on shares of Ball from $77.00 to $75.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Ball currently has an average rating of “Moderate Buy” and an average target price of $70.75.

Ball Price Performance

Shares of BALL stock opened at $59.94 on Monday. The business has a fifty day simple moving average of $64.93 and a 200 day simple moving average of $64.93. The company has a market cap of $17.89 billion, a P/E ratio of 4.52, a P/E/G ratio of 1.49 and a beta of 0.90. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.79. Ball has a twelve month low of $48.05 and a twelve month high of $71.32.

Ball (NYSE:BALL) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the company posted $0.83 EPS. On average, sell-side analysts forecast that Ball will post 3.15 EPS for the current fiscal year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.80 annualized dividend and a yield of 1.33%. Ball’s dividend payout ratio is currently 6.03%.

Hedge Funds Weigh In On Ball

Several institutional investors have recently added to or reduced their stakes in the business. Boston Partners increased its stake in shares of Ball by 114.1% in the 1st quarter. Boston Partners now owns 4,057,645 shares of the company’s stock valued at $273,347,000 after acquiring an additional 2,162,167 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Ball by 458.6% in the second quarter. The Manufacturers Life Insurance Company now owns 1,018,648 shares of the company’s stock valued at $61,139,000 after purchasing an additional 836,293 shares in the last quarter. M&G Plc acquired a new position in shares of Ball during the first quarter valued at about $50,193,000. Vanguard Group Inc. boosted 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 worth $2,415,214,000 after purchasing an additional 267,479 shares in the last quarter. Finally, WINTON GROUP Ltd grew its stake in shares of Ball by 1,875.2% in the 2nd quarter. WINTON GROUP Ltd now owns 275,238 shares of the company’s stock valued at $16,520,000 after buying an additional 261,303 shares during the period. 86.51% of the stock is owned by institutional investors and hedge funds.

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.