Analysts Set Ball Corporation (NYSE:BALL) Target Price at $62.83

Ball Corporation (NYSE:BALL) has received an average rating of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $63.0833.

A number of equities analysts have issued reports on BALL shares. JPMorgan Chase & Co. decreased their price target on Ball from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Mizuho decreased their target price on Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Truist Financial boosted their price target on shares of Ball from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Bank of America upgraded shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Monday, November 17th. Finally, Raymond James Financial started coverage on shares of Ball in a report on Wednesday, October 15th. They issued a “market perform” rating on the stock.

Institutional Investors Weigh In On Ball

Several hedge funds have recently modified their holdings of BALL. GoalVest Advisory LLC acquired a new stake in Ball during the 4th quarter worth about $25,000. Board of the Pension Protection Fund purchased a new position in shares of Ball in the fourth quarter worth approximately $26,000. Triumph Capital Management purchased a new position in shares of Ball in the third quarter worth approximately $26,000. Rosenberg Matthew Hamilton raised its holdings in shares of Ball by 145.0% during the second quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock valued at $29,000 after acquiring an additional 306 shares during the period. Finally, SJS Investment Consulting Inc. lifted its position in shares of Ball by 4,236.8% in the 3rd quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock valued at $42,000 after acquiring an additional 805 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Stock Up 0.0%

Ball stock opened at $55.47 on Friday. Ball has a 52 week low of $43.51 and a 52 week high of $60.28. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 1.09 and a beta of 1.14. The company’s 50-day moving average price is $50.51 and its two-hundred day moving average price is $51.88. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 1.26.

Ball (NYSE:BALL) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $1.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.02. Ball had a net margin of 5.36% and a return on equity of 17.89%. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period last year, the firm posted $0.91 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, analysts expect that Ball will post 3.48 EPS for the current fiscal year.

Ball Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. Ball’s dividend payout ratio (DPR) is currently 32.52%.

Ball Company Profile

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.