Barclays Increases Ball (NYSE:BALL) Price Target to $55.00

Ball (NYSE:BALL – Get Rating) had its target price hoisted by Barclays to $55.00 in a research report sent to investors on Tuesday morning, Stock Target Advisor reports.

A number of other research analysts also recently weighed in on the company. Morgan Stanley reduced their target price on Ball from $56.00 to $55.00 and set an equal weight rating on the stock in a report on Wednesday, September 7th. Robert W. Baird dropped their price target on Ball from $60.00 to $50.00 in a research report on Friday, September 23rd. UBS Group initiated coverage on Ball in a research report on Thursday, September 15th. They issued a neutral rating and a $64.00 price target on the stock. Citigroup dropped their price target on Ball from $54.00 to $51.00 in a research report on Friday, November 4th. Finally, Credit Suisse Group dropped their price target on Ball from $77.00 to $65.00 and set an outperform rating on the stock in a research report on Friday, September 23rd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $57.56.

Ball Stock Up 1.3 %

BALL stock opened at $55.09 on Tuesday. Ball has a fifty-two week low of $46.00 and a fifty-two week high of $97.99. The business’s 50 day moving average price is $51.27 and its two-hundred day moving average price is $61.73. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.58 and a current ratio of 0.94. The company has a market capitalization of $17.29 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 3.67 and a beta of 0.66.

Ball Dividend Announcement

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The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, November 30th. This represents a $0.80 annualized dividend and a dividend yield of 1.45%. Ball’s payout ratio is 27.03%.

Insider Activity

In other news, Director Cynthia A. Niekamp purchased 2,000 shares of the stock in a transaction dated Thursday, November 10th. The shares were purchased at an average cost of $51.81 per share, with a total value of $103,620.00. Following the acquisition, the director now directly owns 11,000 shares of the company’s stock, valued at $569,910. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Ball

Several hedge funds and other institutional investors have recently modified their holdings of BALL. Vanguard Group Inc. purchased a new stake in shares of Ball in the 3rd quarter worth $1,695,575,000. BlackRock Inc. purchased a new position in shares of Ball during the third quarter valued at about $1,145,245,000. State Street Corp purchased a new position in shares of Ball during the third quarter valued at about $666,807,000. Price T Rowe Associates Inc. MD bought a new position in shares of Ball in the 3rd quarter valued at about $419,203,000. Finally, Sustainable Growth Advisers LP bought a new position in shares of Ball in the 3rd quarter valued at about $281,391,000. 84.06% of the stock is currently owned by hedge funds and other institutional investors.

Ball Company Profile

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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.