Ball’s (BALL) “Neutral” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of Ball (NYSE:BALL) in a research note released on Wednesday morning, Marketbeat.com reports. The firm currently has a $65.00 target price on the stock, up from their previous target price of $60.00.

Several other research analysts have also recently weighed in on the company. UBS Group decreased their price target on Ball from $66.00 to $64.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Weiss Ratings upgraded Ball from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Citigroup downgraded Ball from a “buy” rating to a “reduce” rating in a report on Wednesday. Truist Financial boosted their target price on Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Finally, Wells Fargo & Company upped their target price on shares of Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Eight analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $71.69.

Ball Price Performance

Shares of BALL opened at $63.47 on Wednesday. Ball has a twelve month low of $44.83 and a twelve month high of $68.29. The company has a market capitalization of $16.80 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. The firm has a 50 day moving average of $60.45 and a 200 day moving average of $60.78. The company has a quick ratio of 0.72, a current ratio of 1.07 and a debt-to-equity ratio of 1.13.

Ball (NYSE:BALL) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. Ball had a return on equity of 18.76% and a net margin of 6.61%.The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same period in the prior year, the firm posted $0.90 EPS. The firm’s quarterly revenue was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities research analysts anticipate that Ball will post 4.02 earnings per share for the current fiscal year.

Ball Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.20 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 1.3%. Ball’s dividend payout ratio (DPR) is presently 22.66%.

Institutional Investors Weigh In On Ball

Hedge funds have recently modified their holdings of the business. Teacher Retirement System of Texas increased its holdings in Ball by 58.7% in the 4th quarter. Teacher Retirement System of Texas now owns 262,973 shares of the company’s stock valued at $13,930,000 after acquiring an additional 97,264 shares during the last quarter. Independent Advisor Alliance lifted its position in shares of Ball by 276.5% in the fourth quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock worth $1,889,000 after buying an additional 26,184 shares in the last quarter. Mizuho Markets Cayman LP bought a new position in Ball during the fourth quarter valued at approximately $26,485,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in Ball by 6.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,521 shares of the company’s stock valued at $35,676,000 after buying an additional 40,593 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Ball in the 4th quarter worth approximately $4,349,000. Institutional investors own 86.51% of the company’s stock.

About Ball

Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.

The company’s packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.