Ball (NYSE:BALL) Stock Price Target Raised at Mizuho

Ball (NYSE:BALL) had its price objective boosted by analysts at Mizuho from $72.00 to $75.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho‘s target price indicates a potential upside of 18.42% from the stock’s current price.

BALL has been the topic of several other reports. Royal Bank Of Canada lowered their price target on shares of Ball from $77.00 to $73.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 13th. JPMorgan Chase & Co. downgraded Ball from an “overweight” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research report on Wednesday. Weiss Ratings upgraded Ball from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. Wells Fargo & Company reduced their target price on Ball from $72.00 to $70.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Finally, Truist Financial set a $78.00 target price on Ball in a report on Wednesday, August 5th. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.23.

Ball Trading Down 7.0%

NYSE:BALL opened at $63.33 on Wednesday. The company has a market capitalization of $16.76 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.37 and a beta of 0.94. Ball has a 52-week low of $44.83 and a 52-week high of $68.29. The stock has a fifty day simple moving average of $61.21 and a 200-day simple moving average of $60.95. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13.

Ball (NYSE:BALL) last posted its earnings results on Tuesday, November 3rd. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.03. The firm had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $3.78 billion. Ball had a net margin of 6.61% and a return on equity of 18.76%. The firm’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same period last year, the firm posted $1.02 EPS. On average, equities research analysts expect that Ball will post 4.01 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Mandy Glew sold 5,626 shares of Ball stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total transaction of $358,938.80. Following the completion of the sale, the senior vice president directly owned 7,209 shares in the company, valued at $459,934.20. The trade was a 43.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.58% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Ball

Institutional investors and hedge funds have recently modified their holdings of the company. Pension & Wealth Management Advisors Inc. purchased a new stake in Ball in the 3rd quarter worth approximately $25,000. Basecamp Wealth Advisors LLC raised its holdings in Ball by 135.0% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $28,000 after acquiring an additional 274 shares during the last quarter. Ancora Advisors LLC acquired a new position in Ball in the 2nd quarter valued at $30,000. Manchester Capital Management LLC lifted its stake in shares of Ball by 87.9% during the 3rd quarter. Manchester Capital Management LLC now owns 592 shares of the company’s stock worth $33,000 after purchasing an additional 277 shares during the period. Finally, Trust Co. of Vermont purchased a new position in shares of Ball during the 2nd quarter worth $37,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Key Headlines Impacting Ball

Here are the key news stories impacting Ball this week:

• Positive Sentiment: Comparable diluted EPS was $1.10, above the roughly $1.07 analyst estimate and up from $1.02 a year earlier. Revenue rose 23.9% to $4.19 billion, beating the $3.78 billion consensus, with higher shipments and favorable price/mix contributing to growth. Zacks Q3 earnings report
• Neutral Sentiment: Management’s earnings call pointed to continued growth but also near-term headwinds, leaving the outlook balanced. Earnings call highlights
• Negative Sentiment: Despite the comparable EPS beat, Ball reported a GAAP diluted loss of $0.36 per share, compared with earnings of $1.18 a year earlier. Separate coverage also cited cost pressures and shrinking operating margins, which could limit the benefit of sales growth. Ball Q3 results
• Negative Sentiment: JPMorgan downgraded Ball from “overweight” to “neutral,” setting a $65 price target—about 2.6% above the cited $63.33 price. The rating change signals less conviction in near-term upside. JPMorgan rating report

About Ball

Ball Corporation is a global supplier of sustainable aluminum packaging. The company primarily manufactures aluminum beverage cans, bottles and cups used by beer, soft-drink, energy-drink and other beverage companies. Its products are designed to support brand presentation, product protection and recycling throughout the packaging lifecycle.

Ball serves customers across North and South America, Europe and other international markets through a network of manufacturing facilities. The company also develops and markets aluminum packaging products for additional consumer and household applications, including its reusable and recyclable Ball Aluminum Cup.

Founded in 1880 as a manufacturer of glass containers, Ball evolved into a major producer of metal packaging and became particularly known for its aluminum beverage cans.