Ball (NYSE:BALL) Price Target Cut to $46.00 by Analysts at Wells Fargo & Company

Ball (NYSE:BALLGet Rating) had its price target decreased by equities researchers at Wells Fargo & Company from $53.00 to $46.00 in a research report issued to clients and investors on Friday, The Fly reports. Wells Fargo & Company‘s target price would indicate a potential downside of 6.56% from the company’s current price.

BALL has been the subject of a number of other reports. UBS Group started coverage on shares of Ball in a research note on Thursday, September 15th. They issued a “neutral” rating and a $64.00 price objective for the company. Credit Suisse Group dropped their target price on shares of Ball to $76.00 in a research report on Monday, August 15th. Royal Bank of Canada dropped their target price on shares of Ball from $74.00 to $64.00 in a research report on Friday, August 5th. Truist Financial lowered shares of Ball from a “buy” rating to a “hold” rating and upped their target price for the stock from $83.94 to $93.00 in a research report on Thursday, August 4th. Finally, Barclays dropped their target price on shares of Ball from $80.00 to $55.00 and set an “equal weight” rating for the company in a research report on Monday, August 8th. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $64.25.

Ball Trading Down 8.7 %

Shares of BALL stock opened at $49.23 on Friday. Ball has a 12 month low of $49.00 and a 12 month high of $97.99. The stock has a market capitalization of $15.47 billion, a PE ratio of 21.78, a P/E/G ratio of 3.31 and a beta of 0.63. The company has a current ratio of 1.00, a quick ratio of 0.62 and a debt-to-equity ratio of 2.50. The firm’s 50 day simple moving average is $61.59.

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

About Ball

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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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