Ball Corp. [BALL] stock prices are up 0.69% to $61.08 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BALL shares have gain 1.08% over the last week, with a monthly amount drifted -9.46%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ball Corp. [NYSE: BALL] stock has seen the most recent analyst activity on June 25, 2024, when Truist upgraded its rating to a Buy and also boosted its price target to $76 from $67. Previously, Barclays downgraded its rating to Equal Weight on April 04, 2024, and elevated its price target to $71. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $68 on March 18, 2024. BofA Securities upgraded its rating to a Buy and raised its price target to $72 on March 04, 2024. In a note dated February 20, 2024, RBC Capital Mkts upgraded an Outperform rating on this stock and boosted its target price from $61 to $74.
The stock price of Ball Corp. [BALL] has been fluctuating between $42.81 and $71.32 over the past year. Currently, Wall Street analysts expect the stock to reach $70.89 within the next 12 months. Ball Corp. [NYSE: BALL] shares were valued at $61.08 at the most recent close of the market. An investor can expect a potential return of 16.06% based on the average BALL price forecast.
Analyzing the BALL fundamentals
The Ball Corp. [NYSE:BALL] reported sales of 13.35B for trailing twelve months, representing a drop of -18.30%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.1 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.8.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 60.55 points at the first support level, and at 60.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.56, and for the 2nd resistance point, it is at 62.05.
Ratios To Look Out For
It’s worth pointing out that Ball Corp. [NYSE:BALL]’s Current Ratio is 1.21. On the other hand, the Quick Ratio is 0.93, and the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 1.42, the price to book ratio is 2.62.
Transactions by insiders
Recent insider trading involved Mariani Pedro Henrique, Director, that happened on May 17 ’24 when 5000.0 shares were sold. President & C.E.O., Fisher Daniel William completed a deal on Mar 14 ’24 to buy 3869.0 shares. Meanwhile, SR VP & COO Lewis Ronald J. bought 4637.0 shares on Nov 21 ’23.
