At the time of writing, Ball Corp. [BALL] stock is trading at $67.29, up 1.91%. An important factor to consider is whether the stock is rising or falling in short-term value. The BALL shares have gain 3.84% over the last week, with a monthly amount glided 0.10%, and 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 September 04, 2024, when Morgan Stanley upgraded its rating to a Overweight and also boosted its price target to $78 from $69. Previously, Robert W. Baird upgraded its rating to Outperform on August 14, 2024, and kept the price target unchanged to $70. On June 25, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $76 on the stock. Barclays downgraded its rating to a Equal Weight and increased its price target to $71 on April 04, 2024. Morgan Stanley started tracking with a Equal-Weight rating for this stock on March 18, 2024, and assigned it a price target of $68. In a note dated March 04, 2024, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $61 to $72.
For the past year, the stock price of Ball Corp. fluctuated between $42.81 and $71.32. Currently, Wall Street analysts expect the stock to reach $70.36 within the next 12 months. Ball Corp. [NYSE: BALL] shares were valued at $67.29 at the most recent close of the market. An investor can expect a potential return of 4.56% based on the average BALL price forecast.
Analyzing the BALL fundamentals
According to Ball Corp. [NYSE:BALL], the company’s sales were 12.78B for trailing twelve months, which represents an -15.92% plunge. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.09 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.85.
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 66.45 points at the first support level, and at 65.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 67.81, and for the 2nd resistance point, it is at 68.33.
Ratios To Look Out For
It is important to note that Ball Corp. [NYSE:BALL] has a current ratio of 1.18. On the other hand, the Quick Ratio is 0.88, and the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 1.60, the price to book ratio is 2.98.
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.
