Ball (NYSE:BALL) Price Target Raised to $71.00

Ball (NYSE:BALL) had its price objective raised by Jefferies Financial Group from $64.00 to $71.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently weighed in on the company. Morgan Stanley set a $63.00 price target on Ball and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Bank of America upgraded Ball from a “neutral” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Monday, November 17th. Citigroup raised Ball from a “neutral” rating to a “buy” rating and raised their target price for the stock from $54.00 to $67.00 in a research note on Tuesday, January 6th. Raymond James Financial began coverage on Ball in a research note on Wednesday, October 15th. They issued a “market perform” rating on the stock. Finally, Truist Financial increased their price target on Ball from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $68.46.

Ball Stock Up 0.6%

Ball stock opened at $66.56 on Wednesday. The firm has a market cap of $17.84 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.32 and a beta of 1.13. Ball has a 52-week low of $43.51 and a 52-week high of $66.97. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.72 and a current ratio of 1.11. The firm has a 50 day moving average price of $54.12 and a two-hundred day moving average price of $51.99.

Ball (NYSE:BALL) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. Ball had a net margin of 6.93% and a return on equity of 18.10%. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the firm posted $0.84 EPS. The company’s quarterly revenue was up 16.2% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Equities analysts predict that Ball will post 3.48 EPS for the current year.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, March 2nd. Ball’s dividend payout ratio (DPR) is 24.10%.

Hedge Funds Weigh In On Ball

A number of institutional investors have recently modified their holdings of BALL. EverSource Wealth Advisors LLC grew its position in Ball by 62.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,418 shares of the company’s stock valued at $181,000 after purchasing an additional 1,320 shares during the period. Mizuho Markets Cayman LP bought a new position in shares of Ball in the fourth quarter valued at $26,485,000. Axxcess Wealth Management LLC acquired a new position in shares of Ball during the fourth quarter valued at about $283,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Ball during the fourth quarter worth about $306,000. Finally, Van Hulzen Asset Management LLC bought a new stake in shares of Ball during the fourth quarter worth about $14,143,000. 86.51% of the stock is owned by institutional investors and hedge funds.

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.