Ball Co. (NYSE:BALL – Get Rating) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $54.25 and last traded at $55.11, with a volume of 76934 shares. The stock had previously closed at $55.27.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Wells Fargo & Company cut Ball from an “equal weight” rating to an “underweight” rating and set a $65.00 target price on the stock. in a report on Thursday, June 9th. Atlantic Securities cut Ball from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $80.00 to $58.00 in a report on Friday, August 5th. Royal Bank of Canada dropped their price target on Ball from $74.00 to $64.00 in a report on Friday, August 5th. Robert W. Baird cut their target price on shares of Ball to $60.00 in a research note on Tuesday, August 9th. Finally, Barclays cut their target price on shares of Ball from $80.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Monday, August 8th. One equities research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $66.67.
Ball Stock Down 8.7 %
The company’s 50-day moving average price is $61.59. The company has a market capitalization of $15.47 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth 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.
Ball Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Thursday, September 1st were given 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 presently 35.40%.
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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