Ball (NYSE:BALL) Price Target Raised to $70.00

Ball (NYSE:BALL) had its price target hoisted by Mizuho from $58.00 to $70.00 in a research note released on Wednesday, MarketBeat.com reports. The firm currently has an outperform rating on the stock.

BALL has been the topic of a number of other reports. Wells Fargo & Company increased their price objective on shares of Ball from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday. Bank of America raised Ball from a “neutral” rating to a “buy” rating and set a $61.00 target price on the stock in a research report on Monday, November 17th. JPMorgan Chase & Co. cut their price target on Ball from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. UBS Group upped their price objective on Ball from $55.00 to $58.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Finally, Truist Financial raised their price objective on Ball from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Wednesday. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.46.

Ball Price Performance

BALL stock opened at $66.56 on Wednesday. The stock has a market cap of $17.84 billion, a PE ratio of 20.05, a P/E/G ratio of 1.32 and a beta of 1.13. Ball has a 12 month low of $43.51 and a 12 month high of $66.97. The company has a 50-day moving average price of $54.12 and a 200 day moving average price of $51.99. The company has a current ratio of 1.11, a quick ratio of 0.72 and a debt-to-equity ratio of 1.26.

Ball (NYSE:BALL) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. Ball had a net margin of 6.93% and a return on equity of 18.10%. The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the business posted $0.84 EPS. The firm’s revenue for the quarter was up 16.2% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Equities research analysts anticipate that Ball will post 3.48 earnings per share for the current year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, March 2nd. Ball’s dividend payout ratio (DPR) is 24.10%.

Institutional Trading of Ball

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BALL. GoalVest Advisory LLC acquired a new stake in Ball in the fourth quarter valued at approximately $25,000. Board of the Pension Protection Fund purchased a new stake in shares of Ball during the fourth quarter worth approximately $26,000. Triumph Capital Management purchased a new stake in shares of Ball during the third quarter worth $26,000. Rosenberg Matthew Hamilton grew its stake in Ball by 145.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 517 shares of the company’s stock valued at $29,000 after acquiring an additional 306 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its position in shares of Ball by 4,236.8% in the third quarter. SJS Investment Consulting Inc. now owns 824 shares of the company’s stock valued at $42,000 after purchasing an additional 805 shares in the last quarter. 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.