Ball (NYSE:BALL) Price Target Lowered to $65.00 at Truist Financial

Ball (NYSE:BALL) had its price target reduced by Truist Financial from $69.00 to $65.00 in a research report sent to investors on Monday morning, MarketBeat reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently commented on the company. UBS Group reduced their target price on Ball from $61.00 to $55.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Mizuho cut their price objective on Ball from $68.00 to $61.00 and set an “outperform” rating on the stock in a report on Friday, October 3rd. Wells Fargo & Company boosted their price objective on Ball from $50.00 to $54.00 and gave the company an “underweight” rating in a report on Friday, July 18th. Royal Bank Of Canada boosted their price objective on Ball from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a report on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ball currently has a consensus rating of “Hold” and an average target price of $62.91.

Ball Price Performance

NYSE:BALL opened at $47.06 on Monday. Ball has a 52 week low of $43.51 and a 52 week high of $67.84. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $12.81 billion, a P/E ratio of 24.38, a P/E/G ratio of 1.08 and a beta of 1.09. The stock’s fifty day moving average is $51.05 and its two-hundred day moving average is $52.79.

Ball (NYSE:BALL) last posted its earnings results on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Ball had a return on equity of 16.81% and a net margin of 4.49%.The company had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the business earned $0.74 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, September 2nd. Ball’s dividend payout ratio is currently 41.45%.

Insider Buying and Selling

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of Ball stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $51.55, for a total transaction of $175,270.00. Following the transaction, the chairman owned 10,036 shares of the company’s stock, valued at $517,355.80. The trade was a 25.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Ball

Large investors have recently modified their holdings of the business. Norges Bank acquired a new position in shares of Ball in the second quarter worth about $192,463,000. JPMorgan Chase & Co. lifted its stake in shares of Ball by 44.2% in the first quarter. JPMorgan Chase & Co. now owns 8,002,327 shares of the company’s stock worth $416,681,000 after acquiring an additional 2,453,630 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Ball by 548.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 1,816,827 shares of the company’s stock worth $101,906,000 after acquiring an additional 1,536,751 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Ball by 1,465.3% in the second quarter. AQR Capital Management LLC now owns 1,314,786 shares of the company’s stock worth $73,746,000 after acquiring an additional 1,230,791 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Ball by 359.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,184,629 shares of the company’s stock worth $60,299,000 after acquiring an additional 926,728 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Company Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.