Royal Bank Of Canada Issues Pessimistic Forecast for Ball (NYSE:BALL) Stock Price

Ball (NYSE:BALL) had its price target lowered by equities research analysts at Royal Bank Of Canada from $74.00 to $71.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 24.55% from the company’s previous close.

A number of other equities analysts have also recently issued reports on BALL. Jefferies Financial Group upped their price objective on Ball from $64.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. UBS Group reissued a “neutral” rating and set a $66.00 price objective on shares of Ball in a report on Wednesday, February 4th. Truist Financial boosted their target price on Ball from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Mizuho upped their target price on Ball from $58.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Robert W. Baird set a $75.00 price target on shares of Ball in a research report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Ball presently has an average rating of “Moderate Buy” and a consensus price target of $68.77.

Ball Stock Performance

Shares of BALL opened at $57.01 on Friday. Ball has a 12-month low of $43.51 and a 12-month high of $68.29. The company has a current ratio of 1.11, a quick ratio of 0.75 and a debt-to-equity ratio of 1.29. The company has a market cap of $15.17 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.14 and a beta of 1.10. The stock has a 50-day moving average price of $61.86 and a 200-day moving average price of $53.97.

Ball (NYSE:BALL) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.01. Ball had a net margin of 6.93% and a return on equity of 18.12%. The company had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same period in the prior year, the business earned $0.84 earnings per share. Ball’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 forecast that Ball will post 3.48 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Fauze Villatoro bought 1,551 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was bought at an average cost of $64.51 per share, for a total transaction of $100,055.01. Following the acquisition, the senior vice president directly owned 13,778 shares of the company’s stock, valued at $888,818.78. The trade was a 12.69% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kathleen Pitre sold 10,660 shares of the business’s 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 owned 36,772 shares of the company’s stock, valued at $2,450,118.36. The trade was a 22.47% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.81% of the company’s stock.

Hedge Funds Weigh In On Ball

Several hedge funds have recently made changes to their positions in BALL. GoalVest Advisory LLC purchased a new position in Ball during the fourth quarter valued at $25,000. Board of the Pension Protection Fund bought a new stake in shares of Ball during the 4th quarter valued at $26,000. Triumph Capital Management purchased a new stake in shares of Ball in the 3rd quarter worth about $26,000. Gilpin Wealth Management LLC bought a new position in shares of Ball in the 4th quarter worth about $29,000. Finally, Harbour Investments Inc. increased its stake in shares of Ball by 44.1% in the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after acquiring an additional 222 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

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.