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

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

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%.

About Ball

(Get Rating)

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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