Bank of America Issues Positive Forecast for Ball (NYSE:BALL) Stock Price

Ball (NYSE:BALL) had its target price boosted by Bank of America from $70.00 to $73.00 in a research report released on Tuesday morning,Benzinga reports. Bank of America currently has a buy rating on the stock.

BALL has been the topic of several other reports. Citigroup decreased their price objective on Ball from $73.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Raymond James Financial set a $73.00 target price on shares of Ball and gave the company an “outperform” rating in a report on Tuesday, April 21st. UBS Group reduced their price target on shares of Ball from $66.00 to $64.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Royal Bank Of Canada upped their price target on shares of Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Finally, Truist Financial increased their price objective on shares of Ball from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Wednesday, April 15th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.85.

Ball Stock Performance

Shares of NYSE BALL opened at $60.49 on Tuesday. The company has a market cap of $16.11 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.19 and a beta of 0.98. Ball has a 52-week low of $44.83 and a 52-week 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. The firm’s fifty day moving average is $57.93 and its two-hundred day moving average is $59.62.

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

Ball Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.20 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.80 dividend on an annualized basis and a yield of 1.3%. Ball’s dividend payout ratio (DPR) is currently 23.12%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BALL. Teacher Retirement System of Texas lifted its position in Ball by 58.7% during the fourth quarter. Teacher Retirement System of Texas now owns 262,973 shares of the company’s stock valued at $13,930,000 after purchasing an additional 97,264 shares during the period. Independent Advisor Alliance grew its position in Ball by 276.5% during the 4th quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock worth $1,889,000 after purchasing an additional 26,184 shares during the period. Mizuho Markets Cayman LP purchased a new position in shares of Ball during the 4th quarter valued at about $26,485,000. AIA Group Ltd purchased a new position in shares of Ball during the 3rd quarter valued at about $618,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Ball by 6.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,521 shares of the company’s stock valued at $35,676,000 after buying an additional 40,593 shares during the period. Institutional investors 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.