Ball (NYSE:BALL) Hits New 12-Month Low at $54.25

Ball Co. (NYSE:BALLGet Rating)’s share price reached a new 52-week low on Wednesday . The company traded as low as $54.25 and last traded at $55.11, with a volume of 76934 shares trading hands. The stock had previously closed at $55.27.

Wall Street Analyst Weigh In

BALL has been the subject of a number of analyst reports. Morgan Stanley decreased their target price on shares of Ball from $56.00 to $55.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 7th. JPMorgan Chase & Co. downgraded shares of Ball from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $80.00 to $58.00 in a research report on Monday, August 8th. Deutsche Bank Aktiengesellschaft downgraded shares of Ball from a “buy” rating to a “hold” rating and decreased their target price for the company from $81.00 to $65.00 in a research report on Friday, August 5th. Truist Financial downgraded shares of Ball from a “buy” rating to a “hold” rating and raised their target price for the company from $83.94 to $93.00 in a research report on Thursday, August 4th. Finally, Robert W. Baird decreased their target price on shares of Ball to $60.00 in a research report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $66.67.

Ball Stock Performance

The company has a market capitalization of $15.47 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 3.40 and a beta of 0.63. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.62 and a current ratio of 1.00. The firm has a fifty day moving average price of $61.59.

Ball (NYSE:BALLGet Rating) last announced its earnings results on Thursday, August 4th. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.08). The company had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $3.83 billion. Ball had a return on equity of 30.66% and a net margin of 4.96%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 EPS. As a group, equities research analysts forecast that Ball Co. will post 3.25 EPS for the current year.

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.63%. The ex-dividend date was Wednesday, August 31st. Ball’s dividend payout ratio (DPR) is 35.40%.

About Ball

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Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. It operates through four segments: Beverage Packaging, North and Central America; Beverage Packaging, Europe, Middle East and Africa; Beverage Packaging, South America; and Aerospace.

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