Ball (NYSE:BALL) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Ball Corporation's stock has received a "hold (c)" rating from Weiss Ratings, with a current consensus rating of "Hold" and an average target price of $62.36.
• Recent stock performance shows a trading price of $49.88, a market cap of $13.57 billion, and a P/E ratio of 25.84.
• Chairman Daniel William Fisher sold 3,400 shares of Ball, reducing his stake by 25.31%, while institutional investors have significantly increased their holdings in the company.

Ball (NYSE:BALL - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities research analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Several other analysts also recently issued reports on the company. Royal Bank Of Canada lifted their target price on Ball from $69.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Bank of America reissued a "neutral" rating and set a $66.00 price objective (down previously from $67.00) on shares of Ball in a report on Wednesday, July 9th. Wells Fargo & Company dropped their price objective on shares of Ball from $54.00 to $48.00 and set an "underweight" rating for the company in a report on Wednesday, October 15th. Citigroup dropped their price objective on shares of Ball from $60.00 to $53.00 and set a "neutral" rating for the company in a report on Monday, September 29th. Finally, UBS Group decreased their price objective on Ball from $61.00 to $55.00 and set a "neutral" rating on the stock in a report on Monday, October 6th. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $62.36.

Ball Price Performance

BALL traded up $0.18 on Friday, hitting $49.88. 2,150,419 shares of the company's stock traded hands, compared to its average volume of 2,594,327. The company's 50 day simple moving average is $50.21 and its 200-day simple moving average is $52.65. The firm has a market cap of $13.57 billion, a price-to-earnings ratio of 25.84, a P/E/G ratio of 1.14 and a beta of 1.09. Ball has a one year low of $43.51 and a one year high of $65.06. The company has a current ratio of 1.00, a quick ratio of 0.67 and a debt-to-equity ratio of 1.23.

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

Insider Transactions at Ball

In other news, Chairman Daniel William Fisher sold 3,400 shares of the business's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $51.55, for a total value of $175,270.00. Following the completion of the sale, the chairman directly owned 10,036 shares of the company's stock, valued at approximately $517,355.80. The trade was a 25.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.81% of the stock is owned by company insiders.

Institutional Trading of Ball

Several institutional investors and hedge funds have recently made changes to their positions in the company. Iridian Asset Management LLC CT lifted its holdings in shares of Ball by 73.7% in the 3rd quarter. Iridian Asset Management LLC CT now owns 46,624 shares of the company's stock valued at $2,351,000 after purchasing an additional 19,776 shares during the last quarter. Bayforest Capital Ltd increased its position in Ball by 231.1% in the 3rd quarter. Bayforest Capital Ltd now owns 8,275 shares of the company's stock valued at $417,000 after acquiring an additional 5,776 shares during the period. Forum Financial Management LP increased its position in Ball by 21.7% in the 3rd quarter. Forum Financial Management LP now owns 8,006 shares of the company's stock valued at $404,000 after acquiring an additional 1,425 shares during the period. Oregon Public Employees Retirement Fund increased its position in Ball by 29.6% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 31,032 shares of the company's stock valued at $1,565,000 after acquiring an additional 7,093 shares during the period. Finally, HB Wealth Management LLC increased its position in Ball by 12.4% in the 3rd quarter. HB Wealth Management LLC now owns 11,485 shares of the company's stock valued at $579,000 after acquiring an additional 1,269 shares during the period. 86.51% of the stock is owned by hedge funds and other institutional investors.

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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