JPMorgan Chase & Co. Maintains Neutral Rating on Ball Corporation with $65 Target Price
Ball Corporation (NYSE: BALL) has been given a neutral rating by analysts at JPMorgan Chase & Co. in a research report issued on Wednesday, according to MarketBeat.
The company's stock had its 'neutral' rating restated, with a $65.00 target price, up from their previous target of $60.00. This indicates a potential upside of 2.12% from the company's previous close.
JPMorgan Chase & Co.'s report notes that Ball has been the subject of several other reports, including upgrades and downgrades from various analysts. Wells Fargo & Company upped their target price on Ball from $70.00 to $71.00 and gave the company an 'overweight' rating in a report on Wednesday, May 6th.
Ball's profitability remains respectable, with a 6.86% net margin and 18.69% return on equity, although leverage and liquidity remain relevant considerations given its 1.25 debt-to-equity ratio and 0.72 quick ratio.