A share price of Ball Corp [BALL] is currently trading at $62.48, up 3.05%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BALL shares have gain 3.67% over the last week, with a monthly amount drifted -5.38%, 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 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.
Ball Corp experienced fluctuations in its stock price throughout the past year between $48.35 and $71.32. Currently, Wall Street analysts expect the stock to reach $70.45 within the next 12 months. Ball Corp [NYSE: BALL] shares were valued at $62.48 at the most recent close of the market. An investor can expect a potential return of 12.76% based on the average BALL price forecast.
Analyzing the BALL fundamentals
Trailing Twelve Months sales for Ball Corp [NYSE:BALL] were 12.32B which represents -13.02% decline. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.08%, 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 -0.08 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.87.
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 61.20 points at the first support level, and at 59.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.20, and for the 2nd resistance point, it is at 63.91.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ball Corp [NYSE:BALL] is 1.09. Further, the Quick Ratio stands at 0.82, while the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 1.51, the price to book ratio is 2.81.
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.
