Ball (NYSE:BALL) Price Target Raised to $71.00

Ball (NYSE:BALL) had its price target boosted by Wells Fargo & Company from $70.00 to $71.00 in a research report report published on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts also recently weighed in on BALL. JPMorgan Chase & Co. lifted their target price on Ball from $50.00 to $60.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. UBS Group reaffirmed a “neutral” rating and issued a $66.00 target price on shares of Ball in a research report on Wednesday, February 4th. Mizuho lifted their target price on Ball from $58.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Ball in a research report on Friday, April 17th. Finally, Robert W. Baird set a $75.00 target price on Ball in a research report on Wednesday, February 4th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $68.64.

Ball Stock Performance

NYSE BALL opened at $58.58 on Wednesday. The company has a market cap of $15.60 billion, a P/E ratio of 16.93, a P/E/G ratio of 1.14 and a beta of 1.06. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.12 and a quick ratio of 0.75. The stock has a 50-day moving average of $61.65 and a two-hundred day moving average of $56.63. Ball has a 1-year low of $44.83 and a 1-year high of $68.29.

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

Ball Announces Dividend

The business 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 dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.4%. Ball’s payout ratio is currently 23.12%.

Insider Transactions at Ball

In related news, SVP Fauze Villatoro acquired 1,551 shares of the stock in a transaction dated Wednesday, March 4th. The stock was acquired at an average cost of $64.51 per share, with a total value of $100,055.01. Following the completion of the transaction, the senior vice president owned 13,778 shares in the company, valued at $888,818.78. This represents a 12.69% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Kathleen Pitre sold 10,660 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $66.63, for a total value of $710,275.80. Following the transaction, the senior vice president directly owned 36,772 shares of the company’s stock, valued at approximately $2,450,118.36. This represents a 22.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.58% of the company’s stock.

Hedge Funds Weigh In On Ball

A number of institutional investors and hedge funds have recently made changes to their positions in BALL. Brighton Jones LLC lifted its stake in Ball by 41.2% during the fourth quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock worth $289,000 after purchasing an additional 1,531 shares during the last quarter. AQR Capital Management LLC lifted its stake in Ball by 402.8% during the first quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock worth $4,356,000 after purchasing an additional 67,289 shares during the last quarter. Empowered Funds LLC lifted its stake in Ball by 10.6% during the first quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock worth $321,000 after purchasing an additional 590 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Ball during the second quarter worth approximately $453,000. Finally, Jump Financial LLC purchased a new stake in Ball during the second quarter worth approximately $696,000. 86.51% of the stock is owned by institutional investors and hedge funds.

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.