Ball Corporation (NYSE:BALL) Receives $69.54 Average Target Price from Analysts

Shares of Ball Corporation (NYSE:BALL) have received an average rating of “Moderate Buy” from the thirteen analysts that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $69.5385.

Several analysts have recently issued reports on BALL shares. Weiss Ratings lowered Ball from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. UBS Group reduced their target price on Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft started coverage on Ball in a report on Wednesday, April 1st. They set a “buy” rating and a $72.00 target price on the stock. Truist Financial upped their price objective on Ball from $75.00 to $77.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Ball in a research report on Friday, April 17th.

Institutional Trading of Ball

Several institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its position in shares of Ball by 5.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,886,681 shares of the company’s stock worth $1,000,429,000 after buying an additional 999,690 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Ball by 3.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 7,225,631 shares of the company’s stock worth $382,742,000 after buying an additional 266,238 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ball by 6.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company’s stock worth $354,605,000 after buying an additional 340,677 shares during the last quarter. Boston Partners lifted its position in shares of Ball by 24.2% during the 4th quarter. Boston Partners now owns 4,739,044 shares of the company’s stock worth $251,057,000 after buying an additional 922,747 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Ball by 14.9% during the 3rd quarter. Invesco Ltd. now owns 4,651,348 shares of the company’s stock worth $234,521,000 after buying an additional 602,137 shares during the last quarter. 86.51% of the stock is currently owned by institutional investors.

Ball Stock Performance

BALL opened at $56.93 on Monday. The firm has a market cap of $15.16 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. Ball has a 52-week low of $44.83 and a 52-week high of $68.29. 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 business’s fifty day moving average is $58.41 and its 200-day moving average is $57.91.

Ball (NYSE:BALL) last released its earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.34 billion. Ball had a return on equity of 18.69% and a net margin of 6.86%.Ball’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Sell-side analysts expect that Ball will post 3.99 EPS for the current fiscal year.

Ball Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, June 1st. Ball’s dividend payout ratio is currently 23.12%.

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.