Morgan Stanley Has Lowered Expectations for Ball (NYSE:BALL) Stock Price

Ball (NYSE:BALLGet Free Report) had its target price reduced by equities research analysts at Morgan Stanley from $78.00 to $75.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 38.12% from the company’s previous close.

Several other brokerages have also recently weighed in on BALL. Royal Bank of Canada reiterated an “outperform” rating and set a $75.00 price target on shares of Ball in a research report on Monday, November 4th. Wells Fargo & Company lowered their target price on shares of Ball from $61.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. UBS Group upgraded shares of Ball from a “sell” rating to a “neutral” rating and reduced their price target for the company from $62.00 to $58.00 in a research report on Friday, January 10th. Truist Financial reduced their target price on Ball from $78.00 to $73.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Finally, Mizuho upgraded shares of Ball from a “neutral” rating to an “outperform” rating and set a $67.00 price objective on the stock in a research report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $68.75.

Read Our Latest Research Report on Ball

Ball Price Performance

BALL opened at $54.30 on Monday. The company has a market capitalization of $16.20 billion, a price-to-earnings ratio of 4.10, a PEG ratio of 1.44 and a beta of 0.93. 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 firm has a 50-day moving average price of $58.05 and a 200-day moving average price of $61.72. Ball has a twelve month low of $51.96 and a twelve month high of $71.32.

Ball (NYSE:BALLGet Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Ball had a net margin of 34.05% and a return on equity of 17.46%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 EPS. Equities analysts expect that Ball will post 3.15 EPS for the current year.

Institutional Investors Weigh In On Ball

Institutional investors have recently added to or reduced their stakes in the company. Park Avenue Securities LLC raised its stake in shares of Ball by 2.1% during the fourth quarter. Park Avenue Securities LLC now owns 10,082 shares of the company’s stock valued at $556,000 after acquiring an additional 210 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Ball by 82.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 25,027 shares of the company’s stock valued at $1,380,000 after purchasing an additional 11,282 shares during the period. 180 Wealth Advisors LLC increased its holdings in Ball by 7.9% during the 4th quarter. 180 Wealth Advisors LLC now owns 34,188 shares of the company’s stock valued at $1,885,000 after purchasing an additional 2,505 shares during the period. Bar Harbor Wealth Management raised its position in Ball by 1.4% during the 4th quarter. Bar Harbor Wealth Management now owns 65,408 shares of the company’s stock valued at $3,606,000 after purchasing an additional 912 shares during the last quarter. Finally, Asset Allocation & Management Company LLC purchased a new stake in Ball in the 4th quarter worth approximately $210,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Ball (NYSE:BALL)

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