Ball Corporation (NYSE:BALL) Given Average Recommendation of “Moderate Buy” by Brokerages

Ball Corporation (NYSE:BALL) has been given an average recommendation of “Moderate Buy” by the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $62.8333.

Several research analysts have weighed in on BALL shares. Morgan Stanley set a $63.00 target price on shares of Ball and gave the stock an “equal weight” rating in a research note on Thursday. Bank of America raised shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Monday, November 17th. Raymond James Financial started coverage on shares of Ball in a report on Wednesday, October 15th. They issued a “market perform” rating for the company. Mizuho decreased their price target on Ball from $68.00 to $61.00 and set an “outperform” rating on the stock in a research note on Friday, October 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on Ball from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th.

Ball Price Performance

NYSE:BALL opened at $54.87 on Friday. Ball has a 52 week low of $43.51 and a 52 week high of $60.28. The stock’s fifty day moving average is $50.02 and its two-hundred day moving average is $51.98. The company has a market capitalization of $14.70 billion, a P/E ratio of 22.30, a P/E/G ratio of 1.05 and a beta of 1.14. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 1.26.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, November 4th. The company reported $1.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.02. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Ball had a return on equity of 17.89% and a net margin of 5.36%.The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Equities analysts expect that Ball will post 3.48 EPS for the current year.

Ball Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, December 1st. Ball’s payout ratio is currently 32.52%.

Institutional Trading of Ball

Several hedge funds have recently made changes to their positions in BALL. Praxis Investment Management Inc. raised its stake in shares of Ball by 1.2% during the 2nd quarter. Praxis Investment Management Inc. now owns 15,340 shares of the company’s stock worth $860,000 after buying an additional 180 shares in the last quarter. Ethic Inc. boosted its stake in shares of Ball by 0.6% in the second quarter. Ethic Inc. now owns 34,415 shares of the company’s stock valued at $1,941,000 after buying an additional 205 shares in the last quarter. True Wealth Design LLC grew its holdings in Ball by 17.6% during the third quarter. True Wealth Design LLC now owns 1,438 shares of the company’s stock worth $73,000 after acquiring an additional 215 shares during the period. Independent Advisor Alliance raised its position in Ball by 2.7% in the third quarter. Independent Advisor Alliance now owns 9,470 shares of the company’s stock worth $477,000 after acquiring an additional 246 shares in the last quarter. Finally, Seeds Investor LLC lifted its holdings in Ball by 4.1% in the second quarter. Seeds Investor LLC now owns 6,797 shares of the company’s stock valued at $381,000 after acquiring an additional 265 shares during the period. Institutional investors and hedge funds own 86.51% of the company’s stock.

About Ball

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.