J. Safra Sarasin Holding AG Invests $2.47 Million in Ball Corporation $BALL

J. Safra Sarasin Holding AG purchased a new stake in shares of Ball Corporation (NYSE:BALL) in the third quarter, Holdings Channel reports. The firm purchased 48,948 shares of the company’s stock, valued at approximately $2,468,000.

Other hedge funds have also bought and sold shares of the company. First Command Advisory Services Inc. bought a new position in Ball in the 3rd quarter valued at $87,000. LBP AM SA raised its stake in shares of Ball by 0.5% during the 3rd quarter. LBP AM SA now owns 540,278 shares of the company’s stock worth $27,241,000 after purchasing an additional 2,513 shares during the period. Cullen Frost Bankers Inc. boosted its holdings in shares of Ball by 243.8% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 117,740 shares of the company’s stock worth $5,936,000 after buying an additional 83,490 shares during the last quarter. PFG Investments LLC grew its position in Ball by 12.2% during the third quarter. PFG Investments LLC now owns 6,016 shares of the company’s stock valued at $303,000 after buying an additional 655 shares during the period. Finally, UniSuper Management Pty Ltd grew its position in Ball by 17.1% during the third quarter. UniSuper Management Pty Ltd now owns 47,461 shares of the company’s stock valued at $2,393,000 after buying an additional 6,929 shares during the period. 86.51% of the stock is currently owned by institutional investors.

Ball Stock Performance

NYSE:BALL opened at $56.99 on Wednesday. The stock has a market cap of $15.27 billion, a P/E ratio of 23.16, a PEG ratio of 1.13 and a beta of 1.14. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 1.26. The business’s 50-day moving average price is $52.24 and its two-hundred day moving average price is $51.75. Ball Corporation has a twelve month low of $43.51 and a twelve month high of $60.28.

Ball (NYSE:BALL) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $1.02 EPS for the quarter, hitting the consensus estimate of $1.02. The company had revenue of $3.38 billion during the quarter, compared to analyst estimates of $3.32 billion. Ball had a return on equity of 17.89% and a net margin of 5.36%.Ball’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Ball has set its FY 2025 guidance at 3.550-3.650 EPS. As a group, equities analysts predict that Ball Corporation will post 3.48 EPS for the current fiscal year.

Analysts Set New Price Targets

BALL has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ball in a research report on Monday, December 29th. Citigroup raised shares of Ball from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $54.00 to $67.00 in a report on Tuesday, January 6th. Morgan Stanley set a $63.00 price objective on Ball and gave the company an “equal weight” rating in a research note on Thursday, January 8th. Truist Financial raised their target price on Ball from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Wells Fargo & Company upgraded Ball from an “underweight” rating to an “overweight” rating and boosted their target price for the company from $48.00 to $60.00 in a research note on Tuesday, January 6th. Eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.83.

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.