Brokerages Set Ball Corporation (NYSE:BALL) Price Target at $69.54

Shares of Ball Corporation (NYSE:BALL) have earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $69.5385.

Several analysts have issued reports on BALL shares. UBS Group reduced their price target on shares of Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Ball from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Truist Financial upped their price target on shares of Ball from $75.00 to $77.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ball in a report on Friday, April 17th. Finally, JPMorgan Chase & Co. raised shares of Ball from a “neutral” rating to an “overweight” rating and set a $60.00 price target on the stock in a report on Monday, May 18th.

Hedge Funds Weigh In On Ball

Institutional investors have recently modified their holdings of the company. GoalVest Advisory LLC acquired a new position in shares of Ball in the fourth quarter valued at approximately $25,000. Board of the Pension Protection Fund purchased a new position in Ball during the fourth quarter worth about $26,000. Triumph Capital Management purchased a new position in Ball during the third quarter worth about $26,000. Gilpin Wealth Management LLC purchased a new position in Ball during the fourth quarter worth about $29,000. Finally, Harbour Investments Inc. lifted its position in Ball by 44.1% during the fourth quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after buying an additional 222 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Down 0.1%

Ball stock opened at $56.93 on Monday. Ball has a fifty-two week low of $44.83 and a fifty-two week high of $68.29. The firm has a market capitalization of $15.16 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. 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 stock’s fifty day moving average is $58.41 and its two-hundred day moving average is $57.97.

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

Ball Dividend Announcement

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

Ball Company Profile

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.