Ball Corporation (NYSE:BALL) Given Average Rating of “Hold” by Brokerages

Ball Corporation (NYSE:BALL) has been given an average rating of “Hold” by the fourteen brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $60.9167.

A number of brokerages recently weighed in on BALL. JPMorgan Chase & Co. cut their price objective on shares of Ball from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Raymond James Financial began coverage on shares of Ball in a research note on Wednesday, October 15th. They set a “market perform” rating on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ball in a research note on Monday, December 8th. Bank of America upgraded shares of Ball from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Monday, November 17th. Finally, Citigroup lowered their price objective on shares of Ball from $60.00 to $53.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th.

Ball Stock Performance

Shares of BALL stock opened at $50.90 on Monday. Ball has a 12-month low of $43.51 and a 12-month high of $60.28. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.11 and a quick ratio of 0.72. The firm has a market capitalization of $13.64 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 1.09 and a beta of 1.13. The business has a 50 day simple moving average of $48.37 and a 200 day simple moving average of $52.16.

Ball (NYSE:BALL) last announced its earnings results on Tuesday, November 4th. The company reported $1.02 earnings per share for the quarter, meeting the consensus estimate of $1.02. Ball had a return on equity of 17.89% and a net margin of 5.36%.The firm had revenue of $3.38 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, equities research analysts anticipate that Ball will post 3.48 EPS for the current year.

Ball Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.20 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.6%. Ball’s dividend payout ratio is 32.52%.

Institutional Investors Weigh In On Ball

Hedge funds and other institutional investors have recently bought and sold shares of the business. Praxis Investment Management Inc. boosted its position in shares of Ball by 1.2% during the 2nd quarter. Praxis Investment Management Inc. now owns 15,340 shares of the company’s stock valued at $860,000 after purchasing an additional 180 shares in the last quarter. EP Wealth Advisors LLC lifted its stake in Ball by 4.9% during the first quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company’s stock valued at $228,000 after purchasing an additional 205 shares during the last quarter. Ethic Inc. lifted its stake in Ball by 0.6% during the second quarter. Ethic Inc. now owns 34,415 shares of the company’s stock valued at $1,941,000 after purchasing an additional 205 shares during the last quarter. True Wealth Design LLC boosted its holdings in Ball by 17.6% during the third quarter. True Wealth Design LLC now owns 1,438 shares of the company’s stock worth $73,000 after buying an additional 215 shares in the last quarter. Finally, Independent Advisor Alliance grew its position in Ball by 2.7% in the third quarter. Independent Advisor Alliance now owns 9,470 shares of the company’s stock worth $477,000 after buying an additional 246 shares during the last quarter. 86.51% of the stock is currently owned by 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.