Brokerages Set Ball Corporation (NYSE:BALL) Target Price at $60.92

Shares of Ball Corporation (NYSE:BALL) have been assigned an average rating of “Hold” from the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $60.9167.

Several analysts recently commented on the stock. Bank of America raised shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 target price for the company in a report on Monday, November 17th. JPMorgan Chase & Co. reduced their price objective on Ball from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Citigroup decreased their target price on Ball from $60.00 to $53.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ball in a report on Monday, December 15th. Finally, UBS Group decreased their price objective on Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a report on Monday, October 6th.

Ball Stock Performance

Shares of NYSE BALL opened at $51.98 on Monday. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $13.93 billion, a P/E ratio of 21.13, a P/E/G ratio of 1.11 and a beta of 1.13. Ball has a 12 month low of $43.51 and a 12 month high of $60.28. The stock has a 50 day moving average of $48.73 and a 200-day moving average of $52.12.

Ball (NYSE:BALL) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $1.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.02. Ball had a return on equity of 17.89% and a net margin of 5.36%.The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the firm posted $0.91 EPS. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, equities research analysts predict that Ball will post 3.48 EPS for the current year.

Ball Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.5%. Ball’s payout ratio is currently 32.52%.

Institutional Investors Weigh In On Ball

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AIA Group Ltd bought a new stake in shares of Ball in the third quarter valued at approximately $618,000. Allworth Financial LP raised its holdings in Ball by 31.8% in the 3rd quarter. Allworth Financial LP now owns 27,749 shares of the company’s stock valued at $1,399,000 after acquiring an additional 6,688 shares in the last quarter. Groupama Asset Managment bought a new stake in shares of Ball during the 3rd quarter valued at $1,087,000. CIBC Private Wealth Group LLC grew its holdings in shares of Ball by 29.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 31,501 shares of the company’s stock worth $1,588,000 after purchasing an additional 7,198 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Ball during the 3rd quarter worth $8,361,000. 86.51% of the stock is currently owned by institutional investors and hedge funds.

About Ball

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.