1 day Ago By ABMN Staff
Ball Co. ( NYSE:BALL – Get Free Report ) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 6,130,000 shares, a decrease of 15.
3% from the August 15th total of 7,240,000 shares. Currently, 2.0% of the shares of the company are sold short.
Based on an average trading volume of 1,810,000 shares, the days-to-cover ratio is currently 3.4 days. Analysts Set New Price Targets Several equities analysts have recently commented on the company.
Robert W. Baird raised 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.
Wells Fargo & Company lowered their price objective on Ball from $64.00 to $61.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 17th.
UBS Group raised their target price on Ball from $56.00 to $59.00 and gave the company a “sell” rating in a research note on Tuesday, August 6th.
Citigroup lowered their price target on shares of Ball from $73.00 to $66.00 and set a “neutral” rating for the company in a research report on Monday, July 8th.
Finally, Royal Bank of Canada cut their price objective on shares of Ball from $80.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th.
One analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.83.
Get Our Latest Report on BALL Hedge Funds Weigh In On Ball Ball Price Performance Shares of Ball stock traded down $0.70 on Wednesday, hitting $66.52.
The company had a trading volume of 1,392,677 shares, compared to its average volume of 1,840,256. The business has a 50-day simple moving average of $63.46 and a 200-day simple moving average of $65.
11. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.
18 and a quick ratio of 0.88. The company has a market cap of $20.
65 billion, a PE ratio of 5.01, a PEG ratio of 1.64 and a beta of 0.
88. Ball has a 52 week low of $42.81 and a 52 week high of $71.
32. Ball ( NYSE:BALL – Get Free Report ) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.
74 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.04.
The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3.10 billion.
Ball had a net margin of 32.79% and a return on equity of 19.45%.
The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.
61 EPS. Research analysts expect that Ball will post 3.12 EPS for the current fiscal year.
Ball Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.20 per share.
This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.20%.
The ex-dividend date was Tuesday, September 3rd. Ball’s dividend payout ratio (DPR) is presently 6.02%.
About Ball ( 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. See Also Receive News & Ratings for Ball Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball and related companies with MarketBeat.
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