Ball (NYSE:BALL) Upgraded to "Overweight" at JPMorgan Chase & Co.

Ball (NYSE:BALL - Get Free Report) was upgraded by stock analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a note issued to investors on Friday, September 18th, MarketBeat.com reports. The firm currently has a $65.00 price target on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 14.47% from the company's current price.

Several other research analysts have also recently issued reports on the company. UBS Group increased their price objective on Ball from $65.00 to $66.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 5th. Citigroup cut Ball from a "buy" rating to a "reduce" rating in a research note on Wednesday, August 5th. Weiss Ratings raised Ball from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, June 30th. Royal Bank Of Canada increased their target price on Ball from $75.00 to $77.00 and gave the company an "outperform" rating in a research report on Thursday, July 9th. Finally, Truist Financial set a $78.00 target price on Ball in a research report on Wednesday, August 5th. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Ball presently has a consensus rating of "Moderate Buy" and an average target price of $71.69.

Ball Trading Up 0.2%

NYSE:BALL traded up $0.12 during midday trading on Friday, hitting $56.78. The stock had a trading volume of 1,948,274 shares, compared to its average volume of 2,369,418. Ball has a one year low of $44.83 and a one year high of $68.29. The company has a market capitalization of $15.03 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 1.15 and a beta of 0.95. The stock has a 50-day moving average of $62.46 and a 200 day moving average of $60.47. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 1.13.

Ball (NYSE:BALL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.04. Ball had a return on equity of 18.76% and a net margin of 6.61%.The company had revenue of $4 billion for the quarter, compared to analysts' expectations of $3.69 billion. During the same quarter in the prior year, the firm earned $0.90 earnings per share. Ball's revenue was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, sell-side analysts forecast that Ball will post 4.01 EPS for the current year.

Insider Transactions at Ball

In other news, SVP Mandy Glew sold 5,626 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total transaction of $358,938.80. Following the completion of the sale, the senior vice president owned 7,209 shares in the company, valued at approximately $459,934.20. This represents a 43.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.58% of the company's stock.

Institutional Trading of Ball

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Leonteq Securities AG grew its stake in Ball by 3.6% in the 2nd quarter. Leonteq Securities AG now owns 5,415 shares of the company's stock valued at $338,000 after buying an additional 188 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Ball by 29.8% in the 2nd quarter. Parkside Financial Bank & Trust now owns 863 shares of the company's stock valued at $54,000 after purchasing an additional 198 shares during the period. Parvin Asset Management LLC boosted its holdings in Ball by 19.5% in the 1st quarter. Parvin Asset Management LLC now owns 1,315 shares of the company's stock valued at $78,000 after purchasing an additional 215 shares during the period. Evelyn Partners Investment Management LLP boosted its holdings in Ball by 11.3% in the 1st quarter. Evelyn Partners Investment Management LLP now owns 2,144 shares of the company's stock valued at $127,000 after purchasing an additional 218 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in Ball by 44.1% in the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company's stock valued at $38,000 after purchasing an additional 222 shares during the period. Hedge funds and other institutional investors own 86.51% of the company's stock.

About Ball

Ball Corporation NYSE: BALL is a global manufacturer of sustainable aluminum packaging products. The company primarily serves the beverage, personal care and household-product industries, producing aluminum beverage cans, bottles, aerosol containers and related packaging solutions. Its products are used by brand owners and manufacturers across a range of consumer markets.

Founded in 1880 as a manufacturer of glass containers, Ball gradually transitioned toward metal packaging and became best known for its aluminum beverage-can business.