Citigroup Issues Pessimistic Forecast for Ball (NYSE:BALL) Stock Price

Ball (NYSE:BALL) had its target price lowered by research analysts at Citigroup from $74.00 to $73.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 15.74% from the stock’s previous close.

A number of other research analysts have also recently issued reports on BALL. Jefferies Financial Group lifted their price objective on shares of Ball from $64.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Royal Bank Of Canada cut their price target on shares of Ball from $74.00 to $71.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Deutsche Bank Aktiengesellschaft started coverage on shares of Ball in a report on Wednesday, April 1st. They set a “buy” rating and a $72.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Ball in a report on Monday, December 29th. Finally, Truist Financial boosted their price target on shares of Ball from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Nine investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ball currently has an average rating of “Moderate Buy” and a consensus price target of $68.93.

Ball Stock Up 1.3%

Shares of NYSE BALL traded up $0.78 during mid-day trading on Monday, reaching $63.07. 685,036 shares of the company’s stock traded hands, compared to its average volume of 2,199,484. The stock has a market cap of $16.79 billion, a P/E ratio of 18.99, a PEG ratio of 1.24 and a beta of 1.14. The business has a 50-day simple moving average of $63.00 and a 200 day simple moving average of $55.08. Ball has a 1-year low of $44.83 and a 1-year high of $68.29. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.11 and a quick ratio of 0.75.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.01. The firm had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Ball had a net margin of 6.93% and a return on equity of 18.12%. The business’s revenue was up 16.2% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share. Ball has set its FY 2026 guidance at 3.930- EPS. On average, analysts expect that Ball will post 3.48 EPS for the current fiscal year.

Insider Transactions at Ball

In other Ball news, SVP Kathleen Pitre sold 10,660 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $66.63, for a total value of $710,275.80. Following the transaction, the senior vice president directly owned 36,772 shares in the company, valued at $2,450,118.36. The trade was a 22.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Fauze Villatoro bought 1,551 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was bought at an average price of $64.51 per share, for a total transaction of $100,055.01. Following the completion of the purchase, the senior vice president owned 13,778 shares of the company’s stock, valued at approximately $888,818.78. The trade was a 12.69% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.58% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GoalVest Advisory LLC purchased a new stake in shares of Ball during the 4th quarter valued at approximately $25,000. Board of the Pension Protection Fund purchased a new stake in shares of Ball during the 4th quarter valued at approximately $26,000. Triumph Capital Management purchased a new stake in Ball in the 3rd quarter worth approximately $26,000. Gilpin Wealth Management LLC purchased a new stake in Ball in the 4th quarter worth approximately $29,000. Finally, Harbour Investments Inc. lifted its stake in Ball by 44.1% in the 4th quarter. Harbour Investments Inc. now owns 725 shares of the company’s stock worth $38,000 after purchasing an additional 222 shares in the last quarter. 86.51% of the stock is currently owned by hedge funds and other institutional investors.

Ball Company Profile

Ball Corporation is a leading provider of sustainable aluminum packaging solutions and advanced aerospace technologies. Headquartered in Broomfield, Colorado, the company serves customers in the beverage, food and aerosol markets through a global network of manufacturing facilities. With an emphasis on sustainability and innovation, Ball designs and produces metal cans, bottles and ends that support recycling and reduce environmental impact.

The company’s packaging segment specializes in beverage cans for soft drinks, beer and energy drinks, as well as metal packaging for food and personal care applications.