Ball (NYSE:BALL) Given New $65.00 Price Target at Truist Financial

Key Points

• Truist Financial has lowered its price target for Ball Corporation from $69.00 to $65.00 while maintaining a "buy" rating, indicating a potential upside of 37.28% from the stock's current price.
• Ball's recent quarterly earnings showed a revenue of $3.34 billion, surpassing analysts' expectations of $3.10 billion, with a reported EPS of $0.90, beating the consensus estimate by $0.03.
• Various brokerages have revised their price targets for Ball, with ratings ranging from "buy" to "underweight," while the stock has a current consensus rating of "hold" and a target price of $62.91.

Ball (NYSE:BALL - Get Free Report) had its price target decreased by Truist Financial from $69.00 to $65.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's target price suggests a potential upside of 37.28% from the company's current price.

Several other brokerages have also recently issued reports on BALL. Wells Fargo & Company lifted their price objective on Ball from $50.00 to $54.00 and gave the stock an "underweight" rating in a report on Friday, July 18th. Mizuho lowered their price target on Ball from $68.00 to $61.00 and set an "outperform" rating for the company in a research report on Friday, October 3rd. Weiss Ratings reissued a "hold (c)" rating on shares of Ball in a research report on Wednesday, October 8th. Royal Bank Of Canada upped their target price on Ball from $69.00 to $70.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Finally, Citigroup cut their price target on Ball from $60.00 to $53.00 and set a "neutral" rating on the stock in a research note on Monday, September 29th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $62.91.

Ball Stock Performance

Shares of BALL stock traded up $0.26 during midday trading on Monday, hitting $47.35. The company had a trading volume of 170,508 shares, compared to its average volume of 2,568,781. The company's 50 day simple moving average is $51.26 and its 200 day simple moving average is $52.82. Ball has a 52-week low of $43.51 and a 52-week high of $67.84. The stock has a market cap of $12.89 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 1.08 and a beta of 1.09. 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 (NYSE:BALL - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.87 by $0.03. The business had revenue of $3.34 billion during the quarter, compared to analysts' expectations of $3.10 billion. Ball had a return on equity of 16.81% and a net margin of 4.49%.The company's quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the firm earned $0.74 EPS. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. Research analysts anticipate that Ball will post 3.48 earnings per share for the current fiscal year.

Insider Transactions at Ball

In other Ball news, Chairman Daniel William Fisher sold 3,400 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $51.55, for a total transaction of $175,270.00. Following the completion of the transaction, the chairman directly owned 10,036 shares of the company's stock, valued at approximately $517,355.80. This trade represents a 25.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.57% of the company's stock.

Institutional Trading of Ball

A number of hedge funds have recently modified their holdings of the business. CHICAGO TRUST Co NA lifted its holdings in shares of Ball by 4.7% in the third quarter. CHICAGO TRUST Co NA now owns 16,321 shares of the company's stock valued at $823,000 after purchasing an additional 731 shares in the last quarter. Toth Financial Advisory Corp raised its holdings in Ball by 8.9% during the third quarter. Toth Financial Advisory Corp now owns 69,619 shares of the company's stock valued at $3,510,000 after buying an additional 5,711 shares in the last quarter. Addenda Capital Inc. raised its holdings in Ball by 45.2% during the third quarter. Addenda Capital Inc. now owns 79,427 shares of the company's stock valued at $4,005,000 after buying an additional 24,709 shares in the last quarter. Czech National Bank grew its position in shares of Ball by 1.9% in the third quarter. Czech National Bank now owns 69,121 shares of the company's stock valued at $3,485,000 after purchasing an additional 1,311 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of Ball in the third quarter valued at about $315,000. Hedge funds and other institutional investors own 86.51% of the company's stock.

About Ball

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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