Ball (NYSE:BALL) Raised to Outperform at Mizuho

Ball (NYSE:BALL) was upgraded by analysts at Mizuho from a “neutral” rating to an “outperform” rating in a report issued on Tuesday, Marketbeat.com reports. The firm currently has a $67.00 price objective on the stock. Mizuho’s price objective would indicate a potential upside of 16.16% from the company’s current price.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada restated an “outperform” rating and set a $75.00 price objective on shares of Ball in a research report on Monday, November 4th. Morgan Stanley upgraded Ball from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $69.00 to $78.00 in a research report on Wednesday, September 4th. Robert W. Baird raised shares of Ball from a “neutral” rating to an “outperform” rating and set a $70.00 target price for the company in a report on Wednesday, August 14th. Baird R W raised shares of Ball from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 14th. Finally, Citigroup upped their price objective 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. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.75.

Ball Trading Up 1.0 %

Shares of NYSE:BALL opened at $57.68 on Tuesday. The business’s 50 day simple moving average is $62.95 and its 200 day simple moving average is $63.69. Ball has a 1 year low of $54.06 and a 1 year high of $71.32. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.09 and a quick ratio of 0.82. The company has a market capitalization of $17.21 billion, a P/E ratio of 4.35, a P/E/G ratio of 1.43 and a beta of 0.91.

Ball (NYSE:BALL) last released its earnings results 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. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.13 billion. Ball had a return on equity of 17.46% and a net margin of 34.05%. Ball’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 EPS. On average, research analysts anticipate that Ball will post 3.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BALL. Meeder Asset Management Inc. boosted its position in shares of Ball by 400.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 162,690 shares of the company’s stock valued at $11,048,000 after purchasing an additional 130,175 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Ball by 9.7% during the 2nd quarter. American Century Companies Inc. now owns 538,045 shares of the company’s stock worth $32,293,000 after buying an additional 47,539 shares in the last quarter. SkyView Investment Advisors LLC grew its position in shares of Ball by 12.3% during the 2nd quarter. SkyView Investment Advisors LLC now owns 9,039 shares of the company’s stock worth $543,000 after buying an additional 990 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of 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 in the last quarter. Finally, Hemenway Trust Co LLC lifted its position in shares of Ball by 46.3% during the 3rd quarter. Hemenway Trust Co LLC now owns 275,083 shares of the company’s stock valued at $18,681,000 after acquiring an additional 87,120 shares during the period. 86.51% of the stock is owned by institutional investors.

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.