Ball Corporation (NYSE:BALL) Receives $62.36 Average Target Price from Analysts

Shares of Ball Corporation (NYSE:BALL) have received a consensus recommendation of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $62.3636.

BALL has been the subject of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Ball in a research note on Wednesday, October 8th. Raymond James Financial started coverage on shares of Ball in a research note on Wednesday, October 15th. They set a “market perform” rating for the company. Royal Bank Of Canada lifted their price objective on shares of Ball from $69.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Truist Financial dropped their price objective on shares of Ball from $69.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Finally, Citigroup dropped their price objective on shares of Ball from $60.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, September 29th.

Insiders Place Their Bets

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of Ball stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $51.55, for a total value of $175,270.00. Following the completion of the sale, the chairman owned 10,036 shares in the company, valued at $517,355.80. The trade was a 25.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is owned by company insiders.

Institutional Trading of Ball

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rosenberg Matthew Hamilton raised its stake in Ball by 145.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock worth $29,000 after purchasing an additional 306 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in Ball in the 1st quarter valued at about $32,000. Strengthening Families & Communities LLC increased its holdings in 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 period. SVB Wealth LLC bought a new position in Ball in the 1st quarter valued at about $39,000. Finally, SJS Investment Consulting Inc. increased its holdings in Ball by 4,236.8% in the 3rd quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock valued at $42,000 after buying an additional 805 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Performance

NYSE BALL opened at $49.13 on Friday. The firm has a 50-day moving average of $49.99 and a 200-day moving average of $52.83. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.67 and a current ratio of 1.00. The stock has a market cap of $13.37 billion, a PE ratio of 25.45, a P/E/G ratio of 1.14 and a beta of 1.09. Ball has a 52-week low of $43.51 and a 52-week high of $64.80.

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

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.