Ball Corp (NYSE:BALL) price on current trading day, fall -0.75% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $53.43.
A look at the stock’s price movement, the level at last check in today’s session was $53.83. The PE ratio in trailing twelve months stood at 28.35. Turning to its 52-week performance, $70.28 and $43.51 were the 52-week high and 52-week low respectively. Overall, BALL moved 10.16% over the past month.
Ball Corp’s market cap currently stands at around $14.82 billion, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 0.80, with its dividend yield at 1.50%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 3.1B for the company’s revenue for the quarter, with a low and high estimate of 2.98B and 3.24B respectively. The average forecast suggests up to a 4.68% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 12.43B, representing a 5.43% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BALL is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
13 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 6 analyst(s) rate the stock as a Hold, 5 recommend BALL as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 2.39, with BALL’s current price about 1.93% and 5.18% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.20, while 7-day volatility ratio is 1.75% and 2.45% in the 30-day chart. Further, Ball Corp (BALL) has a beta value of 1.09, and an average true range (ATR) of 1.21. Analysts have given the company’s stock an average 52-week price target of $68, forecast between a low of $58 and high of $78. Looking at the price targets, the low is -8.55% off recent price level in today’s trading while to achieve the yearly target high, it has to move -45.99%. Nonetheless, investors will most likely welcome a -27.27% jump to $68 which is the analysts’ median price.
If we refocus on Ball Corp (NYSE:BALL), historical trading data shows that trading volumes averaged 2.67 million over the past 3 months. The company’s latest data on shares outstanding shows there are 279.46 million shares.
The 0.20% of Ball Corp’s shares are in the hands of company insiders while institutional holders own 86.49% of the company’s shares. Current price change has pushed the stock -3.09% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BALL stock continues to rise going into the next quarter.
