Ball (NYSE:BALL) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Ball (NYSE:BALL) from a neutral rating to an overweight rating in a research note released on Friday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has $65.00 price target on the stock.

A number of other analysts have also recently issued reports on the company. Wells Fargo & Company boosted their target price on Ball from $71.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Mizuho set a $72.00 price target on shares of Ball in a research report on Wednesday, August 5th. Citigroup downgraded shares of Ball from a “buy” rating to a “reduce” rating in a research note on Wednesday, August 5th. Finally, Truist Financial set a $78.00 price objective on shares of Ball in a research report on Wednesday, August 5th. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.69.

Ball Stock Up 0.0%

Shares of NYSE BALL opened at $60.17 on Friday. Ball has a 52-week low of $44.83 and a 52-week high of $68.29. The firm has a fifty day moving average of $62.67 and a 200-day moving average of $60.61. The stock has a market capitalization of $15.93 billion, a PE ratio of 17.04, a P/E/G ratio of 1.16 and a beta of 0.95. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.04. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.69 billion. Ball had a return on equity of 18.76% and a net margin of 6.61%.The business’s quarterly revenue was up 19.7% on a year-over-year basis. During the same period last year, the company posted $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. On average, analysts anticipate that Ball will post 4.01 EPS for the current year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $0.20 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. Ball’s dividend payout ratio is 22.66%.

Insiders Place Their Bets

In related news, SVP Mandy Glew sold 5,626 shares of Ball stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total transaction of $358,938.80. Following the sale, the senior vice president owned 7,209 shares of the company’s stock, valued at $459,934.20. The trade was a 43.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.58% of the company’s stock.

Institutional Trading of Ball

Large investors have recently modified their holdings of the business. Basecamp Wealth Advisors LLC lifted its stake in shares of Ball by 135.0% in the first quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock worth $28,000 after acquiring an additional 274 shares in the last quarter. Ancora Advisors LLC acquired a new stake in Ball during the 2nd quarter valued at approximately $30,000. Trust Co. of Vermont purchased a new stake in Ball during the 2nd quarter worth approximately $37,000. Harbour Investments Inc. increased its holdings in Ball by 44.1% during the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after purchasing an additional 222 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its position in shares of Ball by 29.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 863 shares of the company’s stock valued at $54,000 after purchasing an additional 198 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

About Ball

Ball Corporation (NYSE: BALL) is a global manufacturer of sustainable aluminum packaging products. The company primarily serves the beverage, personal care and household-product industries, producing aluminum beverage cans, bottles, aerosol containers and related packaging solutions. Its products are used by brand owners and manufacturers across a range of consumer markets.

Founded in 1880 as a manufacturer of glass containers, Ball gradually transitioned toward metal packaging and became best known for its aluminum beverage-can business.