Ball (NYSE:BALL) Raised to “Moderate Buy” at Raymond James Financial

Ball (NYSE:BALL) was upgraded by research analysts at Raymond James Financial from a “hold” rating to a “moderate buy” rating in a report issued on Tuesday, MarketBeat Ratings reports.

Other equities analysts have also issued research reports about 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, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ball in a research note on Monday, December 29th. Robert W. Baird set a $75.00 price target on Ball in a research note on Wednesday, February 4th. Mizuho lifted their price target on Ball from $58.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Finally, UBS Group reiterated a “neutral” rating and issued a $66.00 price target on shares of Ball in a research note on Wednesday, February 4th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.33.

Ball Price Performance

Shares of NYSE BALL opened at $62.68 on Tuesday. Ball has a fifty-two week low of $44.83 and a fifty-two week high of $68.29. The business has a fifty day moving average price of $62.79 and a two-hundred day moving average price of $55.80. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.11 and a quick ratio of 0.75. The stock has a market capitalization of $16.68 billion, a PE ratio of 18.88, a P/E/G ratio of 1.26 and a beta of 1.14.

Ball (NYSE:BALL) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.01. Ball had a return on equity of 18.12% and a net margin of 6.93%.The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter last year, the company posted $0.84 EPS. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, equities analysts predict that Ball will post 3.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Ball

Hedge funds and other institutional investors have recently bought and sold shares of the company. GoalVest Advisory LLC bought a new stake in Ball during the 4th quarter worth $25,000. Board of the Pension Protection Fund acquired a new position in Ball during the 4th quarter worth about $26,000. Triumph Capital Management acquired a new position in Ball during the 3rd quarter worth about $26,000. Gilpin Wealth Management LLC acquired a new position in Ball during the 4th quarter worth about $29,000. Finally, Harbour Investments Inc. lifted its holdings in Ball by 44.1% during the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after buying an additional 222 shares during the period. Institutional investors 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.