Ball (NYSE:BALL) Rating Increased to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Ball (NYSE:BALL) from a neutral rating to an overweight rating in a research note published on Monday morning, MarketBeat reports. JPMorgan Chase & Co. currently has $60.00 price target on the stock.

A number of other brokerages also recently commented on BALL. Mizuho raised their price objective on shares of Ball from $58.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Wells Fargo & Company raised their price objective on shares of Ball from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Ball in a research report on Wednesday, April 1st. They set a “buy” rating and a $72.00 price target for the company. Finally, Robert W. Baird set a $75.00 price target on shares of Ball in a research report on Wednesday, February 4th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Ball presently has an average rating of “Moderate Buy” and a consensus target price of $69.54.

Ball Stock Performance

Shares of BALL stock opened at $55.86 on Monday. The stock’s 50-day moving average is $60.42 and its two-hundred day moving average is $57.00. The firm has a market cap of $14.87 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.08 and a beta of 1.06. 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 1.25, a quick ratio of 0.72 and a current ratio of 1.12.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. Ball had a return on equity of 18.69% and a net margin of 6.86%.The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.34 billion. During the same quarter last year, the company posted $0.76 earnings per share. The business’s revenue was up 16.3% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. Analysts predict that Ball will post 3.99 earnings per share for the current year.

Ball Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, June 1st. Ball’s payout ratio is presently 23.12%.

Insider Activity at Ball

In other Ball news, SVP Kathleen Pitre sold 10,660 shares of Ball stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $66.63, for a total value of $710,275.80. Following the completion of the sale, the senior vice president directly owned 36,772 shares of the company’s stock, valued at approximately $2,450,118.36. The trade was a 22.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Fauze Villatoro bought 1,551 shares of the stock in a transaction on Wednesday, March 4th. The stock was purchased at an average cost of $64.51 per share, with a total value of $100,055.01. Following the completion of the purchase, the senior vice president directly owned 13,778 shares in the company, valued at $888,818.78. This trade represents a 12.69% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.58% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ball

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brighton Jones LLC lifted its holdings in Ball by 41.2% in the 4th quarter. Brighton Jones LLC now owns 5,245 shares of the company’s stock worth $289,000 after buying an additional 1,531 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Ball by 402.8% in the 1st quarter. AQR Capital Management LLC now owns 83,995 shares of the company’s stock worth $4,356,000 after buying an additional 67,289 shares in the last quarter. Empowered Funds LLC lifted its holdings in Ball by 10.6% in the 1st quarter. Empowered Funds LLC now owns 6,167 shares of the company’s stock worth $321,000 after buying an additional 590 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Ball in the 2nd quarter worth $453,000. Finally, Jump Financial LLC acquired a new stake in shares of Ball in the 2nd quarter valued at about $696,000. 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.