Ball Corporation (NYSE:BALL) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Ball, with eight buy, four hold and one sell rating. The average 12-month price target is $71.69, above the reported $63.60 share price.
• Ball exceeded quarterly expectations, reporting adjusted earnings of $1.03 per share versus the $0.99 consensus and revenue of $4 billion, up 19.7% year over year.
• Institutional ownership remains substantial at 86.51%, while Ball declared a quarterly dividend of $0.20 per share, equivalent to an annualized $0.80 payout and a 1.3% yield.

Shares of Ball Corporation (NYSE:BALL - Get Free Report) have earned a consensus rating of "Moderate Buy" from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $71.6923.

Several equities research analysts have commented on BALL shares. UBS Group upped their price target on shares of Ball from $65.00 to $66.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. Royal Bank Of Canada boosted their price objective on Ball from $75.00 to $77.00 and gave the company an "outperform" rating in a report on Thursday, July 9th. Wells Fargo & Company upped their target price on Ball from $71.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Bank of America raised their target price on Ball from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $65.00 price target (up from $60.00) on shares of Ball in a research report on Wednesday, August 5th.

Hedge Funds Weigh In On Ball

Several institutional investors have recently made changes to their positions in BALL. BlackRock Inc. acquired a new position in shares of Ball in the 2nd quarter valued at $1,310,991,000. Norges Bank acquired a new stake in Ball during the fourth quarter valued at $178,025,000. Deutsche Bank AG purchased a new position in Ball in the second quarter valued at $163,768,000. Bank of America Corp DE purchased a new position in Ball in the second quarter valued at $160,506,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Ball in the second quarter worth about $143,165,000. 86.51% of the stock is owned by hedge funds and other institutional investors.

Ball Stock Up 1.6%

BALL stock opened at $63.60 on Friday. The firm's fifty day simple moving average is $62.09 and its 200-day simple moving average is $61.18. The company has a market capitalization of $16.83 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 1.20 and a beta of 0.98. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.07 and a quick ratio of 0.66. Ball has a 12 month low of $44.83 and a 12 month high of $68.29.

Ball (NYSE:BALL - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.04. Ball had a net margin of 6.61% and a return on equity of 18.76%. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. The business's quarterly 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, equities research analysts forecast that Ball will post 4.01 earnings per share for the current year.

Ball Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, September 1st. Ball's dividend payout ratio is currently 22.66%.

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.

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