Ball Corporation (NYSE:BALL) Receives $69.54 Consensus Price Target from Brokerages

Shares of Ball Corporation (NYSE:BALL) have received an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $69.5385.

A number of research firms recently commented on BALL. Citigroup lowered their price target on shares of Ball from $74.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Deutsche Bank Aktiengesellschaft assumed coverage on Ball in a report on Wednesday, April 1st. They set a “buy” rating and a $72.00 price objective for the company. Raymond James Financial set a $73.00 target price on Ball and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Truist Financial boosted their target price on Ball from $75.00 to $77.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. Finally, Weiss Ratings raised Ball from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 30th.

Hedge Funds Weigh In On Ball

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CX Institutional increased its stake in shares of Ball by 8.1% in the second quarter. CX Institutional now owns 4,280 shares of the company’s stock worth $267,000 after purchasing an additional 321 shares in the last quarter. Basecamp Wealth Advisors LLC lifted its stake in shares of Ball by 135.0% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $28,000 after buying an additional 274 shares in the last quarter. Redwood Investment Management LLC purchased a new stake in shares of Ball during the 1st quarter valued at approximately $1,043,000. Empowered Funds LLC bought a new position in Ball in the 1st quarter worth approximately $536,000. Finally, Parallel Advisors LLC boosted its holdings in Ball by 8.3% in the 1st quarter. Parallel Advisors LLC now owns 3,490 shares of the company’s stock worth $206,000 after buying an additional 267 shares during the period. Institutional investors own 86.51% of the company’s stock.

Ball Price Performance

BALL opened at $62.73 on Friday. Ball has a fifty-two week low of $44.83 and a fifty-two week high of $68.29. The firm has a 50-day moving average of $57.86 and a 200 day moving average of $59.31. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 1.12. The firm has a market cap of $16.70 billion, a P/E ratio of 18.13, a PEG ratio of 1.23 and a beta of 0.98.

Ball (NYSE:BALL) last announced 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. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.34 billion. Ball had a net margin of 6.86% and a return on equity of 18.69%. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. On average, research analysts expect that Ball will post 3.99 EPS for the current year.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, June 1st. Ball’s payout ratio is currently 23.12%.

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.