There is a good chance Ball Corporation (BALL) will undergo another restructuring.

The price of Ball Corporation (NYSE: BALL) closed at $56.63 in the last session, down -0.32% from day before closing price of $56.81. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 1689965 shares were traded. BALL stock price reached its highest trading level at $56.86 during the session, while it also had its lowest trading level at $56.13.

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We take a closer look at BALL’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 0.90. In the meantime, Its Debt-to-Equity ratio is 2.54 whereas as Long-Term Debt/Eq ratio is at 2.40.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on September 15, 2022, initiated with a Neutral rating and assigned the stock a target price of $64.

On August 08, 2022, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $80 to $58.

Deutsche Bank Downgraded its Buy to Hold on August 05, 2022, whereas the target price for the stock was revised from $81 to $65.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 05 when Fisher Daniel William bought 6,400 shares for $54.42 per share. The transaction valued at 348,317 led to the insider holds 107,997 shares of the business.

NIEKAMP CYNTHIA A bought 2,000 shares of BALL for $103,620 on Nov 10. The Director now owns 11,000 shares after completing the transaction at $51.81 per share.

Valuation Measures:

As of this moment, Ball’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.35, and their Forward P/E ratio for the next fiscal year is 17.45. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.15 while its Price-to-Book (P/B) ratio in mrq is 5.11.

Stock Price History:

Over the past 52 weeks, BALL has reached a high of $97.99, while it has fallen to a 52-week low of $46.00. The 50-Day Moving Average of the stock is 53.93, while the 200-Day Moving Average is calculated to be 62.39.

Shares Statistics:

According to the various share statistics, BALL traded on average about 1.93M shares per day over the past 3-months and 1.75M shares per day over the past 10 days. A total of 314.05M shares are outstanding, with a floating share count of 311.88M. Insiders hold about 0.50% of the company’s shares, while institutions hold 86.90% stake in the company. Shares short for BALL as of Oct 13, 2022 were 11.61M with a Short Ratio of 14.17M, compared to 9.8M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.69% and a Short% of Float of 4.17%.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 0.84.

Earnings Estimates

The company has 17 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.8 for the current quarter, with a high estimate of $0.92 and a low estimate of $0.69, while EPS last year was $0.94. The consensus estimate for the next quarter is $0.8, with high estimates of $0.92 and low estimates of $0.71.

Analysts are recommending an EPS of between $3.44 and $3.03 for the fiscal current year, implying an average EPS of $3.21. EPS for the following year is $3.57, with 19 analysts recommending between $4.11 and $3.2.

Revenue Estimates

According to 15 analysts, the current quarter’s revenue is expected to be $3.92B. It ranges from a high estimate of $4.13B to a low estimate of $3.69B. As of the current estimate, Ball Corporation’s year-ago sales were $3.54B, an estimated increase of 10.70% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $3.95B, an increase of 7.50% less than the figure of $10.70% in the same quarter last year. There is a high estimate of $4.32B for the next quarter, whereas the lowest estimate is $3.73B.

A total of 19 analysts have provided revenue estimates for BALL’s current fiscal year. The highest revenue estimate was $16.3B, while the lowest revenue estimate was $14.92B, resulting in an average revenue estimate of $15.67B. In the same quarter a year ago, actual revenue was $13.81B, up 13.40% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $16.01B in the next fiscal year. The high estimate is $17.62B and the low estimate is $14.29B. The average revenue growth estimate for next year is up 2.20% from the average revenue estimate for this year.