Ball Corporation (NYSE:BALL) Receives $62.83 Average PT from Brokerages

Ball Corporation (NYSE:BALL) has been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $62.8333.

Several equities analysts have issued reports on BALL shares. Weiss Ratings restated a “hold (c)” rating on shares of Ball in a research report on Monday, December 29th. Mizuho decreased their price target on shares of Ball from $68.00 to $61.00 and set an “outperform” rating for the company in a research note on Friday, October 3rd. Raymond James Financial began coverage on shares of Ball in a research report on Wednesday, October 15th. They set a “market perform” rating on the stock. Citigroup raised Ball from a “neutral” rating to a “buy” rating and boosted their target price for the company from $54.00 to $67.00 in a research report on Tuesday, January 6th. Finally, UBS Group increased their price target on Ball from $55.00 to $58.00 and gave the stock a “neutral” rating in a report on Monday.

Ball Stock Performance

Shares of NYSE:BALL opened at $55.53 on Friday. The company’s 50 day simple moving average is $50.80 and its 200 day simple moving average is $51.94. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.11 and a quick ratio of 0.72. Ball has a 1 year low of $43.51 and a 1 year high of $60.28. The stock has a market capitalization of $14.88 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 1.10 and a beta of 1.14.

Ball (NYSE:BALL) last issued 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 company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the company posted $0.91 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, research analysts predict that Ball will post 3.48 EPS for the current fiscal 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 dividend of $0.20 per share. The ex-dividend date was Monday, December 1st. This represents a $0.80 annualized dividend and a yield of 1.4%. Ball’s dividend payout ratio is presently 32.52%.

Institutional Investors Weigh In On Ball

Several large investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its holdings in Ball by 48.3% during the 2nd quarter. Nordea Investment Management AB now owns 72,657 shares of the company’s stock valued at $4,074,000 after buying an additional 23,657 shares during the last quarter. Endeavor Private Wealth Inc. purchased a new position in shares of Ball in the third quarter valued at about $583,000. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Ball by 4.8% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 254,445 shares of the company’s stock valued at $14,272,000 after acquiring an additional 11,731 shares during the last quarter. Iridian Asset Management LLC CT raised its stake in shares of Ball by 73.7% during the third quarter. Iridian Asset Management LLC CT now owns 46,624 shares of the company’s stock valued at $2,351,000 after acquiring an additional 19,776 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Ball by 12.8% during the second quarter. American Century Companies Inc. now owns 565,575 shares of the company’s stock worth $31,723,000 after purchasing an additional 63,975 shares during the period. Hedge funds and other institutional investors own 86.51% of the company’s stock.

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.