Ball (NYSE:BALL) Price Target Raised to $75.00

Ball (NYSE:BALL) had its target price raised by Truist Financial from $69.00 to $75.00 in a report released on Wednesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently issued reports on the stock. Raymond James Financial initiated coverage on shares of Ball in a research report on Wednesday, October 15th. They set a “market perform” rating for the company. Wells Fargo & Company lifted their price target on Ball from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup raised Ball from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $54.00 to $67.00 in a research report on Tuesday, January 6th. UBS Group lifted their target price on Ball from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Finally, Bank of America upgraded Ball from a “neutral” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Monday, November 17th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Ball presently has an average rating of “Moderate Buy” and an average target price of $68.46.

Ball Trading Up 0.6%

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

Ball (NYSE:BALL) last posted its earnings results on Tuesday, February 3rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.01. Ball had a return on equity of 18.10% and a net margin of 6.93%.The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the previous year, the company posted $0.84 earnings per share. The company’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 predict that Ball will post 3.48 EPS for the current year.

Ball Announces Dividend

The firm also recently declared 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. The ex-dividend date is Monday, March 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 1.2%. Ball’s dividend payout ratio (DPR) is presently 24.10%.

Institutional Investors Weigh In On Ball

Several hedge funds have recently added to or reduced their stakes in BALL. JPMorgan Chase & Co. raised its position in shares of Ball by 2.6% in the second quarter. JPMorgan Chase & Co. now owns 8,210,060 shares of the company’s stock valued at $460,502,000 after purchasing an additional 207,733 shares during the period. Invesco Ltd. lifted its position in Ball by 14.9% during the third quarter. Invesco Ltd. now owns 4,651,348 shares of the company’s stock worth $234,521,000 after acquiring an additional 602,137 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Ball by 13.5% during the third quarter. Dimensional Fund Advisors LP now owns 3,828,298 shares of the company’s stock worth $193,003,000 after acquiring an additional 455,089 shares during the period. Boston Partners boosted its holdings in shares of Ball by 2.1% during the third quarter. Boston Partners now owns 3,816,297 shares of the company’s stock worth $192,402,000 after acquiring an additional 79,700 shares during the period. Finally, Norges Bank acquired a new position in shares of Ball in the second quarter valued at approximately $192,463,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

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.