Ball (NYSE:BALL) Stock Price Expected to Rise, Citigroup Analyst Says

Ball (NYSE:BALL – Get Free Report) had its price objective hoisted by stock analysts at Citigroup from $75.00 to $77.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup‘s target price suggests a potential upside of 15.03% from the company’s previous close.

Several other equities analysts have also commented on BALL. UBS Group increased their price target on shares of Ball from $63.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday. Royal Bank Of Canada boosted their price objective on shares of Ball from $73.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday. Weiss Ratings upgraded shares of Ball from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 9th. Bank of America increased their target price on shares of Ball from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Finally, Truist Financial reiterated a “buy” rating and set a $76.00 price target (down from $78.00) on shares of Ball in a research note on Wednesday. Ten analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.15.

Get Our Latest Stock Report on Ball

Ball Stock Down 0.7%

Shares of BALL traded down $0.44 during mid-day trading on Thursday, reaching $66.94. The company’s stock had a trading volume of 3,706,231 shares, compared to its average volume of 2,388,830. Ball has a 12-month low of $46.06 and a 12-month high of $69.57. The stock has a market cap of $17.72 billion, a PE ratio of 33.64, a price-to-earnings-growth ratio of 1.29 and a beta of 0.94. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.04 and a quick ratio of 0.66. The company’s 50 day moving average is $61.27 and its 200 day moving average is $61.01.

Ball (NYSE:BALL – Get Free Report) last posted its earnings results on Tuesday, November 3rd. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.03. The firm had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $3.78 billion. Ball had a return on equity of 18.81% and a net margin of 3.52%. The firm’s revenue was up 23.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.02 earnings per share. Equities analysts anticipate that Ball will post 3.93 EPS for the current fiscal year.

Insider Activity

In other news, SVP Mandy Glew sold 5,626 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $63.80, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.58% of the company’s stock.

Institutional Trading of Ball

Several institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp grew its stake 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 acquiring an additional 1,024,861 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Ball during the second quarter worth about $96,380,000. Bank of America Corp DE acquired a new position in Ball during the second quarter worth about $160,506,000. IFP Advisors Inc raised its position in Ball by 3,687.6% during the third quarter. IFP Advisors Inc now owns 72,760 shares of the company’s stock worth $4,077,000 after acquiring an additional 70,839 shares during the last quarter. Finally, Engineers Gate Manager LP lifted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 86.51% of the company’s stock.

Ball News Roundup

Here are the key news stories impacting Ball this week:

  • Positive Sentiment: Royal Bank of Canada raised its price target to $77 from $73 and reiterated an “outperform” rating, signaling confidence in further upside. Royal Bank of Canada recommendations
  • Positive Sentiment: Mizuho raised its target to $75 from $72 with an “outperform” rating. Truist maintained its “buy” rating and a $76 target, though it lowered that target from $78. Mizuho recommendations Truist recommendations
  • Positive Sentiment: Ball reported third-quarter EPS of $1.10, above the $1.07 consensus estimate, and revenue of $4.19 billion, up 24% year over year. The results point to resilient packaging demand, although shares reportedly fell before the market opened after the report. Ball Q3 earnings and sales
  • Neutral Sentiment: Ball’s earnings call highlighted growth alongside near-term headwinds, leaving investors to weigh the strong results against challenges ahead. Earnings call highlights
  • Negative Sentiment: JPMorgan downgraded Ball from “overweight” to “neutral” and set a $65 price target, below the reference price cited in the report. That more cautious view may weigh against the positive analyst revisions. JPMorgan recommendations

Ball Company Profile

(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.

Further Reading

Analyst Recommendations for Ball (NYSE:BALL)

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