Ball Corporation (NYSE:BALL) Stock Has Average Target Price of $71.46 According to Brokerages

Shares of Ball Corporation (NYSE:BALL) have earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $71.15.

A number of equities research analysts recently weighed in on the company. Truist Financial set a $78.00 price objective on Ball in a research report on Wednesday, August 5th. Citigroup downgraded shares of Ball from a “buy” rating to a “reduce” rating in a report on Wednesday, August 5th. Mizuho set a $72.00 price target on shares of Ball in a research report on Wednesday, August 5th. Wells Fargo & Company raised their price target on shares of Ball from $71.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, Bank of America raised their price target on shares of Ball from $70.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, July 14th.

Ball Stock Up 0.7%

Ball stock opened at $59.60 on Friday. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13. The firm has a market cap of $15.78 billion, a P/E ratio of 15.18, a P/E/G ratio of 1.12 and a beta of 0.96. The business has a fifty day moving average of $60.75 and a two-hundred day moving average of $60.18. Ball has a twelve month low of $44.83 and a twelve month high of $68.29.

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

Ball Announces Dividend

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

Insider Buying and Selling

In related news, SVP Mandy Glew sold 5,626 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 7,209 shares of the company’s stock, valued at $459,934.20. This represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.58% of the stock is owned by insiders.

Hedge Funds Weigh In On Ball

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Ball during the 2nd quarter valued at approximately $1,310,991,000. Deutsche Bank AG acquired a new stake in shares of Ball during the second quarter worth $163,768,000. Bank of America Corp DE purchased a new stake in shares of Ball during the second quarter valued at $160,506,000. Bank of New York Mellon Corp purchased a new stake in shares of Ball during the second quarter valued at $143,165,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Ball in the 2nd quarter valued at $96,380,000. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Company Profile

Ball Corporation (NYSE: BALL) is a global packaging company that develops and manufactures sustainable aluminum packaging products. Its portfolio primarily includes aluminum beverage cans and bottles, aerosol containers, and other specialty packaging used by beverage, personal care, household and food companies. Ball also produces aluminum cups and related packaging solutions designed to support recycling and reduce reliance on single-use plastic.

Founded in 1880 by the Ball brothers, the company originally became known for glass home-canning jars before expanding into metal packaging.