Bank of America Issues Positive Forecast for Ball (NYSE:BALL) Stock Price

Ball (NYSE:BALL) had its price target lifted by Bank of America from $70.00 to $73.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Bank of America‘s price objective points to a potential upside of 19.24% from the company’s previous close.

Other analysts have also issued reports about the company. UBS Group lowered their price target on Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Weiss Ratings raised Ball from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 30th. Raymond James Financial set a $73.00 price objective on Ball and gave the company an “outperform” rating in a report on Tuesday, April 21st. Royal Bank Of Canada lifted their target price on shares of Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ball in a report on Wednesday, April 1st. They set a “buy” rating and a $72.00 target price for the company. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ball currently has a consensus rating of “Moderate Buy” and an average target price of $70.85.

Ball Price Performance

BALL stock traded down $0.08 during trading on Tuesday, hitting $61.22. The stock had a trading volume of 99,516 shares, compared to its average volume of 2,542,039. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.72. Ball has a twelve month low of $44.83 and a twelve month high of $68.29. The stock has a market capitalization of $16.30 billion, a P/E ratio of 17.68, a PEG ratio of 1.20 and a beta of 0.98. The company’s 50-day moving average price is $57.86 and its two-hundred day moving average price is $59.56.

Ball (NYSE:BALL) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.85 by $0.09. Ball had a return on equity of 18.69% and a net margin of 6.86%.The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.34 billion. During the same period in the previous year, the business earned $0.76 EPS. Ball’s quarterly revenue was up 16.3% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, research analysts predict that Ball will post 3.99 EPS for the current fiscal year.

Hedge Funds Weigh In On Ball

Several institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of Ball by 5.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock valued at $1,000,429,000 after buying an additional 999,690 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in Ball by 3.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,225,631 shares of the company’s stock valued at $382,742,000 after acquiring an additional 266,238 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Ball by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company’s stock worth $354,605,000 after acquiring an additional 340,677 shares during the period. Boston Partners grew its position in Ball by 24.2% in the fourth quarter. Boston Partners now owns 4,739,044 shares of the company’s stock worth $251,057,000 after acquiring an additional 922,747 shares during the period. Finally, Invesco Ltd. increased its stake in Ball by 14.9% during the third quarter. Invesco Ltd. now owns 4,651,348 shares of the company’s stock worth $234,521,000 after acquiring an additional 602,137 shares during the last quarter. 86.51% of the stock is currently 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.