Ball Corporation (NYSE:BALL) Receives $62.83 Average Price Target from Analysts

Shares of Ball Corporation (NYSE:BALL) have earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $62.8333.

A number of equities research analysts have weighed in on BALL shares. UBS Group reduced their target price on shares of Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Morgan Stanley set a $63.00 price objective on Ball and gave the company an “equal weight” rating in a report on Thursday. Truist Financial raised their target price on Ball from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. JPMorgan Chase & Co. reduced their price target on Ball from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Finally, Raymond James Financial initiated coverage on Ball in a research report on Wednesday, October 15th. They set a “market perform” rating for the company.

Ball Price Performance

Shares of BALL opened at $55.60 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 1.26. The stock has a market cap of $14.90 billion, a PE ratio of 22.60, a PEG ratio of 1.10 and a beta of 1.14. Ball has a 12-month low of $43.51 and a 12-month high of $60.28. The business has a 50-day simple moving average of $50.19 and a two-hundred day simple moving average of $51.90.

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

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.20 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.80 annualized dividend and a yield of 1.4%. Ball’s payout ratio is presently 32.52%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BALL. Brighton Jones LLC boosted its position in shares of Ball by 41.2% during the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock valued at $289,000 after purchasing an additional 1,531 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Ball by 402.8% during the 1st quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock worth $4,356,000 after buying an additional 67,289 shares in the last quarter. UniSuper Management Pty Ltd boosted its holdings in shares of Ball by 3.1% during the 1st quarter. UniSuper Management Pty Ltd now owns 41,232 shares of the company’s stock worth $2,147,000 after buying an additional 1,256 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Ball by 29.2% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,134 shares of the company’s stock worth $371,000 after buying an additional 1,612 shares during the period. Finally, United Services Automobile Association bought a new stake in shares of Ball in the 1st quarter valued at $350,000. 86.51% of the stock is owned by institutional investors.

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.