Ball Corporation (NYSE:BALL) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Ball Corporation (NYSE:BALL) have earned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $71.6923.

A number of brokerages have recently weighed in on BALL. Mizuho set a $72.00 price target on Ball in a report on Wednesday, August 5th. Wells Fargo & Company lifted their price target on Ball from $71.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. UBS Group upped their price objective on shares of Ball from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised Ball from a “neutral” rating to an “overweight” rating and set a $65.00 price target for the company in a research note on Friday, September 18th. Finally, Truist Financial set a $78.00 price objective on shares of Ball in a research note on Wednesday, August 5th.

Ball Price Performance

Shares of BALL stock opened at $59.95 on Wednesday. The firm has a fifty day moving average of $62.63 and a two-hundred day moving average of $60.54. The firm has a market cap of $15.87 billion, a P/E ratio of 16.98, a P/E/G ratio of 1.15 and a beta of 0.95. Ball has a 1-year low of $44.83 and a 1-year high of $68.29. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 0.66.

Ball (NYSE:BALL) last issued its earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. Ball had a net margin of 6.61% and a return on equity of 18.76%. The business had revenue of $4 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the business posted $0.90 EPS. The company’s revenue for the quarter was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, research analysts anticipate that Ball will post 4.01 earnings per share for the current fiscal year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 1st. Ball’s dividend payout ratio (DPR) is presently 22.66%.

Insiders Place Their Bets

In other Ball news, SVP Mandy Glew sold 5,626 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total transaction of $358,938.80. Following the sale, the senior vice president directly owned 7,209 shares of the company’s stock, valued at $459,934.20. The trade was a 43.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.58% of the company’s stock.

Institutional Trading of Ball

A number of hedge funds have recently made changes to their positions in BALL. Andra AP fonden raised its holdings in Ball by 8.2% in the 2nd quarter. Andra AP fonden now owns 86,124 shares of the company’s stock valued at $5,374,000 after acquiring an additional 6,500 shares in the last quarter. State Street Corp boosted its stake in shares of Ball by 8.3% in the 2nd quarter. State Street Corp now owns 13,416,598 shares of the company’s stock valued at $837,196,000 after purchasing an additional 1,024,861 shares in the last quarter. IPG Investment Advisors LLC acquired a new stake in shares of Ball during the second quarter worth approximately $1,677,000. National Pension Service increased its holdings in Ball by 12.4% during the 2nd quarter. National Pension Service now owns 152,525 shares of the company’s stock valued at $9,518,000 after purchasing an additional 16,844 shares in the last quarter. Finally, Engineers Gate Manager LP raised its holdings in shares of Ball by 90.7% in the second quarter. Engineers Gate Manager LP now owns 81,799 shares of the company’s stock valued at $5,104,000 after buying an additional 38,896 shares during the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Company Profile

Ball Corporation (NYSE: BALL) is a global manufacturer of sustainable aluminum packaging products. The company primarily serves the beverage, personal care and household-product industries, producing aluminum beverage cans, bottles, aerosol containers and related packaging solutions. Its products are used by brand owners and manufacturers across a range of consumer markets.

Founded in 1880 as a manufacturer of glass containers, Ball gradually transitioned toward metal packaging and became best known for its aluminum beverage-can business.