Truist Financial Cuts Ball (NYSE:BALL) Price Target to $65.00

Ball (NYSE:BALL) had its target price decreased by Truist Financial from $69.00 to $65.00 in a report released on Monday morning, Marketbeat Ratings reports. Truist Financial currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on BALL. Citigroup cut their target price on Ball from $60.00 to $53.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. UBS Group cut their target price on Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Mizuho cut their target price on Ball from $68.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, October 3rd. Wells Fargo & Company lifted their target price on Ball from $50.00 to $54.00 and gave the company an “underweight” rating in a research report on Friday, July 18th. Finally, Royal Bank Of Canada lifted their target price on Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Six investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $62.36.

Ball Trading Up 0.0%

Shares of Ball stock opened at $47.58 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00. Ball has a 52 week low of $43.51 and a 52 week high of $67.84. The stock has a 50 day moving average price of $50.81 and a two-hundred day moving average price of $52.71. The stock has a market capitalization of $12.95 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 1.09 and a beta of 1.09.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Ball had a return on equity of 16.81% and a net margin of 4.49%.The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the firm posted $0.74 earnings per share. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, equities analysts anticipate that Ball will post 3.48 earnings per share for the current fiscal year.

Ball Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, September 2nd. Ball’s dividend payout ratio (DPR) is 41.45%.

Insider Buying and Selling

In related news, Chairman Daniel William Fisher sold 3,400 shares of Ball stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $51.55, for a total transaction of $175,270.00. Following the sale, the chairman directly owned 10,036 shares in the company, valued at approximately $517,355.80. This trade represents a 25.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.81% of the company’s stock.

Institutional Trading of Ball

A number of hedge funds have recently bought and sold shares of BALL. Norges Bank bought a new stake in Ball during the second quarter worth $192,463,000. JPMorgan Chase & Co. raised its stake in shares of Ball by 44.2% in the first quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company’s stock valued at $416,681,000 after buying an additional 2,453,630 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Ball by 548.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,816,827 shares of the company’s stock valued at $101,906,000 after buying an additional 1,536,751 shares during the period. AQR Capital Management LLC raised its stake in shares of Ball by 1,465.3% in the second quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock valued at $73,746,000 after buying an additional 1,230,791 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Ball by 359.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,184,629 shares of the company’s stock valued at $60,299,000 after buying an additional 926,728 shares during the period. 86.51% of the stock is currently owned by institutional investors.

Ball Company Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.