Ball Corporation (NYSE:BALL) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Ball Corporation has received a consensus recommendation of "Hold" from analysts, with one sell rating, four hold ratings, and six buy ratings among eleven research firms.
• The company's stock opened at $50.45, and its 1-year high is $68.12, indicating significant price movement within the year.
• Ball reported earnings of $0.90 per share for the last quarter, surpassing analysts' expectations, and announced a quarterly dividend of $0.20 per share with a yield of 1.6%.

Shares of Ball Corporation (NYSE:BALL - Get Free Report) have been given an average recommendation of "Hold" by the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $64.3636.

A number of brokerages have commented on BALL. Wells Fargo & Company lifted their price objective on shares of Ball from $50.00 to $54.00 and gave the stock an "underweight" rating in a research note on Friday, July 18th. Royal Bank Of Canada increased their price target on shares of Ball from $69.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Bank of America reissued a "neutral" rating and set a $66.00 price objective (down from $67.00) on shares of Ball in a research note on Wednesday, July 9th. Mizuho upped their price objective on Ball from $60.00 to $68.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, UBS Group raised their price objective on Ball from $54.00 to $60.00 and gave the company a "neutral" rating in a research note on Wednesday, July 9th.

Ball Stock Performance

NYSE BALL opened at $50.45 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.00 and a quick ratio of 0.67. Ball has a 1-year low of $43.51 and a 1-year high of $68.12. The business has a 50 day simple moving average of $52.75 and a two-hundred day simple moving average of $52.94. The stock has a market capitalization of $13.73 billion, a PE ratio of 26.14, a P/E/G ratio of 1.13 and a beta of 1.06.

Ball (NYSE:BALL - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.03. Ball had a return on equity of 16.81% and a net margin of 4.49%.The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same period in the prior year, the company earned $0.74 EPS. The company's quarterly revenue was up 12.8% compared to the same quarter last year. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. On average, research analysts predict that Ball will post 3.48 EPS for the current fiscal year.

Ball Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Ball's payout ratio is presently 41.45%.

Insider Buying and Selling at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of the firm's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $51.55, for a total value of $175,270.00. Following the completion of the sale, the chairman owned 10,036 shares in the company, valued at approximately $517,355.80. This trade represents a 25.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.57% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BALL. Praxis Investment Management Inc. lifted its stake in shares of Ball by 1.2% during the 2nd quarter. Praxis Investment Management Inc. now owns 15,340 shares of the company's stock worth $860,000 after acquiring an additional 180 shares during the last quarter. Evermay Wealth Management LLC increased its stake in Ball by 11.5% in the first quarter. Evermay Wealth Management LLC now owns 1,943 shares of the company's stock worth $101,000 after purchasing an additional 200 shares during the period. EP Wealth Advisors LLC lifted its position in shares of Ball by 4.9% during the first quarter. EP Wealth Advisors LLC now owns 4,371 shares of the company's stock worth $228,000 after purchasing an additional 205 shares during the last quarter. Ethic Inc. lifted its position in shares of Ball by 0.6% during the second quarter. Ethic Inc. now owns 34,415 shares of the company's stock worth $1,941,000 after purchasing an additional 205 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Ball by 6.0% during the first quarter. GAMMA Investing LLC now owns 3,852 shares of the company's stock valued at $201,000 after purchasing an additional 219 shares during the period. Institutional investors own 86.51% of the company's stock.

Ball Company Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.

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