Analysts Set Ball Corporation (NYSE:BALL) PT at $68.77

Shares of Ball Corporation (NYSE:BALL) have received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $68.7692.

Several research firms have recently issued reports on BALL. Truist Financial increased their price target on Ball from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. UBS Group restated a “neutral” rating and set a $66.00 price objective on shares of Ball in a research note on Wednesday, February 4th. Jefferies Financial Group increased their target price on shares of Ball from $64.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Mizuho raised their target price on shares of Ball from $58.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada dropped their price target on shares of Ball from $74.00 to $71.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th.

Insider Activity at Ball

In other Ball news, SVP Kathleen Pitre sold 10,660 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $66.63, for a total transaction of $710,275.80. Following the completion of the transaction, the senior vice president directly owned 36,772 shares of the company’s stock, valued at approximately $2,450,118.36. This trade represents a 22.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Fauze Villatoro purchased 1,551 shares of the stock in a transaction dated Wednesday, March 4th. The shares were purchased at an average price of $64.51 per share, for a total transaction 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 trade represents a 12.69% increase in their position. The SEC filing for this purchase provides additional information. 0.81% of the stock is owned by insiders.

Institutional Trading of Ball

Institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in Ball during the second quarter worth about $192,463,000. Dimensional Fund Advisors LP lifted its holdings in Ball by 47.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,658,732 shares of the company’s stock valued at $299,749,000 after acquiring an additional 1,830,434 shares during the last quarter. M&G PLC lifted its holdings in Ball by 242.9% in the 4th quarter. M&G PLC now owns 2,326,812 shares of the company’s stock valued at $123,321,000 after acquiring an additional 1,648,303 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Ball by 1,465.3% during the 2nd quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock valued at $73,746,000 after purchasing an additional 1,230,791 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted 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 valued at $1,000,429,000 after purchasing an additional 999,690 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.

Ball Stock Performance

Shares of NYSE BALL opened at $59.30 on Wednesday. Ball has a 12-month low of $43.51 and a 12-month high of $68.29. The company has a market cap of $15.78 billion, a PE ratio of 17.86, a P/E/G ratio of 1.19 and a beta of 1.10. The stock has a 50 day simple moving average of $62.23 and a 200-day simple moving average of $54.26. The company has a current ratio of 1.11, a quick ratio of 0.75 and a debt-to-equity ratio of 1.29.

Ball (NYSE:BALL) last posted its earnings results on Tuesday, February 3rd. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.90 by $0.01. The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.11 billion. Ball had a return on equity of 18.12% and a net margin of 6.93%.The firm’s revenue was up 16.2% compared to the same quarter last year. During the same period last year, the firm earned $0.84 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. On average, equities research analysts forecast that Ball will post 3.48 EPS for the current year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, March 2nd. Ball’s dividend payout ratio (DPR) is currently 24.10%.

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.