Ball (NYSE:BALL) Stock Gets Price Target Trim from Wells Fargo & Company

Ball (NYSE:BALL – Free Report) had its price target lowered by Wells Fargo & Company from $72.00 to $70.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Mizuho set a $72.00 target price on shares of Ball in a report on Wednesday, August 5th. Truist Financial set a $78.00 target price on Ball in a research note on Wednesday, August 5th. Royal Bank Of Canada lowered their target price on Ball from $77.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, October 13th. Bank of America increased their price target on Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Citigroup cut Ball from a “buy” rating to a “reduce” rating in a research report on Wednesday, August 5th. Ten investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Ball has a consensus rating of “Moderate Buy” and an average target price of $71.00.

Read Our Latest Analysis on Ball

Ball Trading Up 0.0%

Ball stock opened at $64.18 on Monday. The firm’s 50-day moving average is $60.77 and its 200-day moving average is $60.34. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.66 and a current ratio of 1.07. Ball has a 1 year low of $44.83 and a 1 year high of $68.29. The company has a market cap of $16.99 billion, a P/E ratio of 18.18, a PEG ratio of 1.29 and a beta of 0.96.

Ball (NYSE:BALL – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating the consensus estimate 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 posted $0.90 EPS. The company’s quarterly revenue was up 19.7% on a year-over-year basis. Ball has set its FY 2026 guidance at 3.930- EPS. On average, equities analysts expect that Ball will post 4.01 earnings per share for the current year.

Ball Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.80 annualized dividend and a yield of 1.2%. Ball’s payout ratio is presently 22.66%.

Insider Transactions at Ball

In other Ball news, SVP Mandy Glew sold 5,626 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total transaction of $358,938.80. Following the completion of the transaction, the senior vice president owned 7,209 shares in the company, valued at approximately $459,934.20. The trade was a 43.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.58% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Ball during the second quarter valued at about $1,310,991,000. State Street Corp grew its position in Ball by 8.3% in the 2nd quarter. State Street Corp now owns 13,416,598 shares of the company’s stock valued at $837,196,000 after buying an additional 1,024,861 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Ball by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,999,409 shares of the company’s stock valued at $354,605,000 after buying an additional 340,677 shares in the last quarter. Deutsche Bank AG acquired a new position in Ball during the 2nd quarter valued at about $163,768,000. Finally, Bank of America Corp DE acquired a new position in Ball during the 2nd quarter valued at about $160,506,000. 86.51% of the stock is owned by institutional investors and hedge funds.

About Ball

(Get Free Report)

Ball Corporation is a global supplier of sustainable aluminum packaging. The company primarily manufactures aluminum beverage cans, bottles and cups used by beer, soft-drink, energy-drink and other beverage companies. Its products are designed to support brand presentation, product protection and recycling throughout the packaging lifecycle.

Ball serves customers across North and South America, Europe and other international markets through a network of manufacturing facilities. The company also develops and markets aluminum packaging products for additional consumer and household applications, including its reusable and recyclable Ball Aluminum Cup.

Founded in 1880 as a manufacturer of glass containers, Ball evolved into a major producer of metal packaging and became particularly known for its aluminum beverage cans.

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