Wells Fargo & Company Has Lowered Expectations for Ball (NYSE:BALL) Stock Price

Key Points

• Wells Fargo cut Ball’s price target from $72 to $70 but maintained an “overweight” rating, implying roughly 9.5% upside from the prior close.
• Analyst sentiment remains positive overall: Ball has an average “Moderate Buy” rating and a consensus target price of $71, based on 10 Buy, two Hold, and one Sell rating.
• Ball shares rose 1.1% to $63.91, while the company’s latest quarterly results exceeded expectations, with adjusted EPS of $1.03 versus a $0.99 consensus and revenue of $4 billion.

Ball (NYSE:BALL - Get Free Report) had its price objective cut by equities researchers at Wells Fargo & Company from $72.00 to $70.00 in a research note issued on Monday, Benzinga reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's target price would indicate a potential upside of 9.53% from the stock's previous close.

Several other equities analysts have also recently weighed in on the stock. Bank of America lifted their price objective on shares of Ball from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded Ball from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, October 9th. Citigroup lowered Ball from a "buy" rating to a "reduce" rating in a report on Wednesday, August 5th. Truist Financial set a $78.00 target price on Ball in a research report on Wednesday, August 5th. Finally, Mizuho set a $72.00 price target on Ball in a report on Wednesday, August 5th. Ten research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Ball has an average rating of "Moderate Buy" and an average target price of $71.00.

Ball Trading Up 1.1%

Shares of BALL traded up $0.71 during midday trading on Monday, hitting $63.91. The stock had a trading volume of 619,474 shares, compared to its average volume of 2,361,483. Ball has a fifty-two week low of $44.83 and a fifty-two week high of $68.29. The business has a 50-day simple moving average of $60.67 and a two-hundred day simple moving average of $60.25. The firm has a market cap of $16.92 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 1.20 and a beta of 0.96. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13.

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

Insider Activity

In other news, SVP Mandy Glew sold 5,626 shares of the business's stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total transaction of $358,938.80. Following the transaction, the senior vice president directly owned 7,209 shares in the company, valued at $459,934.20. The trade was a 43.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.58% of the stock is owned by company insiders.

Institutional Trading of Ball

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE acquired a new stake in shares of Ball in the 2nd quarter valued at $160,506,000. Hsbc Holdings PLC acquired a new position in Ball during the second quarter worth $96,380,000. State Street Corp increased its position in Ball by 8.3% during the second quarter. State Street Corp now owns 13,416,598 shares of the company's stock worth $837,196,000 after buying an additional 1,024,861 shares during the last quarter. AMG National Trust Bank bought a new position in Ball during the second quarter valued at about $76,377,000. Finally, Engineers Gate Manager LP lifted its position in shares of Ball by 90.7% in the second quarter. Engineers Gate Manager LP now owns 81,799 shares of the company's stock worth $5,104,000 after buying an additional 38,896 shares during the last quarter. Institutional investors and hedge funds own 86.51% of the company's stock.

About Ball

Ball Corporation is a global supplier of sustainable aluminum packaging. The company primarily manufactures aluminum beverage cans, bottles and cups used by beer, soft-drink, energy-drink and other beverage companies. Its products are designed to support brand presentation, product protection and recycling throughout the packaging lifecycle.

Ball serves customers across North and South America, Europe and other international markets through a network of manufacturing facilities. The company also develops and markets aluminum packaging products for additional consumer and household applications, including its reusable and recyclable Ball Aluminum Cup.

Founded in 1880 as a manufacturer of glass containers, Ball evolved into a major producer of metal packaging and became particularly known for its aluminum beverage cans.

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