Ball (NYSE:BALL – Get Free Report) was upgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report issued on Friday, Briefing.com reports. The brokerage currently has a $65.00 price target on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 6.98% from the company’s previous close.
A number of other analysts have also weighed in on the company. Citigroup lowered Ball from a “buy” rating to a “reduce” rating in a research report on Wednesday, August 5th. Mizuho set a $72.00 target price on Ball in a research report on Wednesday, August 5th. Wells Fargo & Company upped their target price on shares of Ball from $71.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada raised their price target on Ball from $75.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Finally, Weiss Ratings upgraded shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $71.69.
View Our Latest Analysis on BALL
Ball Stock Down 0.8%
Ball (NYSE:BALL – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $1.03 earnings per share for the quarter, beating 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 business had revenue of $4 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the business earned $0.90 EPS. The company’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. On average, equities analysts expect that Ball will post 4.01 EPS for the current year.
Insiders Place Their Bets
In other news, SVP Mandy Glew sold 5,626 shares of Ball stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total value of $358,938.80. Following the transaction, the senior vice president directly owned 7,209 shares in the company, valued at approximately $459,934.20. This trade represents a 43.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.58% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Ball
Several hedge funds have recently bought and sold shares of BALL. IPG Investment Advisors LLC purchased a new stake in Ball in the 2nd quarter valued at $1,677,000. National Pension Service raised its stake in Ball by 12.4% during the second quarter. National Pension Service now owns 152,525 shares of the company’s stock valued at $9,518,000 after buying an additional 16,844 shares in the last quarter. Engineers Gate Manager LP increased its stake in shares of Ball by 90.7% in the second quarter. Engineers Gate Manager LP now owns 81,799 shares of the company’s stock valued at $5,104,000 after purchasing an additional 38,896 shares during the period. Cidel Asset Management Inc. grew its stake in shares of Ball by 7.2% in the 2nd quarter. Cidel Asset Management Inc. now owns 3,690 shares of the company’s stock worth $230,000 after purchasing an additional 248 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its stake in Ball by 71.5% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 33,690 shares of the company’s stock valued at $2,102,000 after acquiring an additional 14,051 shares in the last quarter. Institutional investors and hedge funds own 86.51% of the company’s stock.
Ball Company Profile
Ball Corporation (NYSE: BALL) is a global manufacturer of sustainable aluminum packaging products. The company primarily serves the beverage, personal care and household-product industries, producing aluminum beverage cans, bottles, aerosol containers and related packaging solutions. Its products are used by brand owners and manufacturers across a range of consumer markets.
Founded in 1880 as a manufacturer of glass containers, Ball gradually transitioned toward metal packaging and became best known for its aluminum beverage-can business.
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