Analysts Set Ball Corporation (NYSE:BALL) Price Target at $71.69

Ball Corporation (NYSE:BALL) has earned an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $71.6923.

Several brokerages have recently weighed in on BALL. Weiss Ratings raised Ball from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $65.00 target price (up from $60.00) on shares of Ball in a report on Wednesday, August 5th. Royal Bank Of Canada upped their price target on Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. UBS Group upped their price target on Ball from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. Finally, Bank of America increased their price objective on shares of Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th.

Institutional Investors Weigh In On Ball

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Basecamp Wealth Advisors LLC boosted its position in Ball by 135.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $28,000 after buying an additional 274 shares during the last quarter. Ancora Advisors LLC purchased a new stake in Ball during the 2nd quarter worth approximately $30,000. Triumph Capital Management acquired a new position in shares of Ball in the 3rd quarter valued at approximately $26,000. Gilpin Wealth Management LLC acquired a new position in shares of Ball in the 4th quarter valued at approximately $29,000. Finally, Trust Co. of Vermont purchased a new position in shares of Ball during the 2nd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball Stock Performance

NYSE:BALL opened at $64.43 on Friday. The firm’s fifty day simple moving average is $62.23 and its 200 day simple moving average is $61.23. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. Ball has a twelve month low of $44.83 and a twelve month high of $68.29. The firm has a market capitalization of $17.05 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 1.22 and a beta of 0.98.

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 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 firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the prior year, the firm earned $0.90 EPS. The firm’s quarterly revenue was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities research analysts expect that Ball will post 4.01 earnings per share for the current fiscal year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.20 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. Ball’s dividend payout ratio is 22.66%.

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.