Ball's (BALL) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• Ball Corporation's stock received a "hold (C)" rating from Weiss Ratings, while other firms like Royal Bank of Canada and Truist Financial have given it "outperform" and "buy" ratings, respectively.
• Shares of Ball traded up 0.4% to $48.72, with a market capitalization of $13.26 billion and an average price target of $63.27 from research analysts.
• Ball reported earnings of $0.90 per share for the last quarter, exceeding expectations, with a revenue increase of 12.8% year-over-year, setting a FY 2025 guidance of 3.550-3.650 EPS.

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

A number of other research firms have also weighed in on BALL. Royal Bank Of Canada raised 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. Truist Financial raised their price target on shares of Ball from $62.00 to $69.00 and gave the company a "buy" rating in a report on Friday, July 11th. Citigroup reduced their price objective on shares of Ball from $60.00 to $53.00 and set a "neutral" rating on the stock in a research note on Monday, September 29th. Wells Fargo & Company increased their price objective on shares of Ball from $50.00 to $54.00 and gave the company an "underweight" rating in a research note on Friday, July 18th. Finally, UBS Group reduced their price objective on shares of Ball from $61.00 to $55.00 and set a "neutral" rating on the stock in a research note on Monday. Six equities research 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. According to data from MarketBeat.com, Ball presently has an average rating of "Hold" and a consensus price target of $63.27.

Ball Trading Up 0.4%

Shares of Ball stock traded up $0.18 during trading hours on Wednesday, hitting $48.72. The company's stock had a trading volume of 2,307,052 shares, compared to its average volume of 2,577,904. Ball has a 1-year low of $43.51 and a 1-year high of $67.84. The business has a fifty day moving average of $51.84 and a 200 day moving average of $52.87. The company has a market capitalization of $13.26 billion, a PE ratio of 25.24, a P/E/G ratio of 1.13 and a beta of 1.09. The company has a quick ratio of 0.67, a current ratio of 1.00 and a debt-to-equity ratio of 1.23.

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

Insider Activity

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 transaction, the chairman directly 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 filing with the SEC, which can be accessed through the SEC website. Insiders own 0.57% of the company's stock.

Institutional Trading of Ball

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of Ball by 2.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 8,210,060 shares of the company's stock worth $460,502,000 after acquiring an additional 207,733 shares during the period. Invesco Ltd. increased its holdings in shares of Ball by 5.1% in the 1st quarter. Invesco Ltd. now owns 4,370,274 shares of the company's stock worth $227,560,000 after acquiring an additional 210,838 shares during the period. Norges Bank acquired a new stake in shares of Ball in the 2nd quarter worth about $192,463,000. Dimensional Fund Advisors LP raised its position in shares of Ball by 10.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,370,532 shares of the company's stock worth $175,480,000 after buying an additional 315,091 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Ball by 0.7% in the 1st quarter. Northern Trust Corp now owns 3,046,342 shares of the company's stock worth $158,623,000 after acquiring an additional 19,921 shares during the period. Institutional investors and hedge funds 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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