Ball (NYSE:BALL) Price Target Cut to $53.00 by Analysts at Citigroup

Ball (NYSE:BALL) had its target price reduced by Citigroup from $60.00 to $53.00 in a report released on Monday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. UBS Group increased their price target on shares of Ball from $54.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, July 9th. Royal Bank Of Canada lifted their target price on shares of Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Mizuho lifted their price target on shares of Ball from $60.00 to $68.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Bank of America restated a “neutral” rating and issued a $66.00 target price (down from $67.00) on shares of Ball in a report on Wednesday, July 9th. Finally, Truist Financial upped their target price on shares of Ball from $62.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $64.36.

Ball Stock Up 0.1%

Ball stock opened at $50.47 on Monday. The firm has a 50 day simple moving average of $52.57 and a 200 day simple moving average of $52.92. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23. Ball has a 1-year low of $43.51 and a 1-year high of $67.84. The firm has a market capitalization of $13.74 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 1.15 and a beta of 1.09.

Ball (NYSE:BALL) last posted its earnings results on Tuesday, August 5th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. Ball had a net margin of 4.49% and a return on equity of 16.81%. The business had revenue of $3.34 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the firm posted $0.74 EPS. Ball’s revenue was up 12.8% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, analysts predict that Ball will post 3.48 earnings per share for the current year.

Ball Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.6%. Ball’s payout ratio is currently 41.45%.

Insider Activity at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $51.55, for a total transaction of $175,270.00. Following the completion of the sale, the chairman owned 10,036 shares of the company’s stock, valued at $517,355.80. The trade was a 25.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ball

Institutional investors and hedge funds have recently bought and sold shares of the business. Rosenberg Matthew Hamilton boosted its position in Ball by 145.0% during the second quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock worth $29,000 after acquiring an additional 306 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Ball in the 1st quarter valued at approximately $32,000. Strengthening Families & Communities LLC grew its position in shares of Ball by 72.4% in the 1st quarter. Strengthening Families & Communities LLC now owns 707 shares of the company’s stock valued at $37,000 after buying an additional 297 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of Ball in the 1st quarter valued at $39,000. Finally, Whipplewood Advisors LLC grew its position in shares of Ball by 764.9% in the 1st quarter. Whipplewood Advisors LLC now owns 813 shares of the company’s stock valued at $42,000 after buying an additional 719 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

About Ball

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.