Ball (NYSE:BALL) Given New $50.00 Price Target at JPMorgan Chase & Co.

Ball (NYSE:BALL) had its price objective cut by investment analysts at JPMorgan Chase & Co. from $56.00 to $50.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 2.33% from the stock’s current price.

BALL has been the topic of several other reports. Citigroup lowered their target price on Ball from $60.00 to $53.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Raymond James Financial began coverage on Ball in a research report on Wednesday, October 15th. They set a “market perform” rating for the company. UBS Group cut their price target on Ball from $61.00 to $55.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Wells Fargo & Company cut their price target on Ball from $54.00 to $48.00 and set an “underweight” rating for the company in a report on Wednesday, October 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ball in a research report on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Ball presently has an average rating of “Hold” and an average target price of $61.33.

Ball Stock Up 2.2%

Shares of NYSE BALL traded up $1.03 during midday trading on Wednesday, hitting $48.86. The company’s stock had a trading volume of 1,734,264 shares, compared to its average volume of 2,609,710. Ball has a 1 year low of $43.51 and a 1 year high of $63.35. The business’s fifty day simple moving average is $49.42 and its two-hundred day simple moving average is $52.85. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67. The firm has a market capitalization of $13.30 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 1.09 and a beta of 1.12.

Ball (NYSE:BALL) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $1.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.02. Ball had a return on equity of 16.81% and a net margin of 4.49%.The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, equities analysts predict that Ball will post 3.48 EPS for the current year.

Insider Activity at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of the business’s stock in a transaction that occurred on 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 transaction, the chairman directly owned 10,036 shares in the company, valued at approximately $517,355.80. The trade was a 25.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Ball

A number of institutional investors have recently modified their holdings of BALL. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Ball by 11.5% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 60,564 shares of the company’s stock worth $3,054,000 after acquiring an additional 6,256 shares in the last quarter. Optimize Financial Inc bought a new stake in shares of Ball during the third quarter worth about $294,000. Machina Capital S.A.S. increased its position in shares of Ball by 185.6% during the third quarter. Machina Capital S.A.S. now owns 37,242 shares of the company’s stock worth $1,878,000 after acquiring an additional 24,204 shares in the last quarter. Evermay Wealth Management LLC increased its position in shares of Ball by 28.1% during the third quarter. Evermay Wealth Management LLC now owns 2,565 shares of the company’s stock worth $129,000 after acquiring an additional 562 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of Ball by 395.9% during the third quarter. Hantz Financial Services Inc. now owns 1,210 shares of the company’s stock worth $61,000 after acquiring an additional 966 shares in the last quarter. 86.51% of the stock is owned by institutional investors.

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.