Ball (NYSE:BALL) Price Target Raised to $72.00

Ball (NYSE:BALL) had its price target lifted by Wells Fargo & Company from $71.00 to $72.00 in a report issued on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Other research analysts have also recently issued research reports about the company. Truist Financial set a $78.00 target price on Ball in a research note on Wednesday. Raymond James Financial set a $73.00 price objective on shares of Ball and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Royal Bank Of Canada lifted their price target on Ball from $75.00 to $77.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Citigroup cut Ball from a “buy” rating to a “reduce” rating in a research report on Wednesday. Finally, Weiss Ratings upgraded shares of Ball from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 30th. Eight equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.69.

Ball Stock Performance

Shares of BALL opened at $63.47 on Wednesday. Ball has a 52-week low of $44.83 and a 52-week high of $68.29. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.72 and a current ratio of 1.07. The stock has a market capitalization of $16.80 billion, a price-to-earnings ratio of 17.98, a price-to-earnings-growth ratio of 1.22 and a beta of 0.98. The stock’s 50-day simple moving average is $60.45 and its 200 day simple moving average is $60.78.

Ball (NYSE:BALL) last released its quarterly earnings results on Tuesday, August 4th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.04. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $3.69 billion. Ball had a net margin of 6.61% and a return on equity of 18.76%. The business’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 EPS. Ball has set its FY 2026 guidance at 3.930- EPS. Research analysts forecast that Ball will post 4.02 EPS for the current fiscal year.

Ball Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, September 1st. Ball’s dividend payout ratio (DPR) is currently 22.66%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BALL. Teacher Retirement System of Texas raised its holdings in shares of Ball by 58.7% during the fourth quarter. Teacher Retirement System of Texas now owns 262,973 shares of the company’s stock worth $13,930,000 after acquiring an additional 97,264 shares during the period. Independent Advisor Alliance raised its holdings in Ball by 276.5% in the 4th quarter. Independent Advisor Alliance now owns 35,654 shares of the company’s stock valued at $1,889,000 after acquiring an additional 26,184 shares during the period. Mizuho Markets Cayman LP bought a new stake in Ball in the 4th quarter valued at $26,485,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Ball by 6.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 673,521 shares of the company’s stock valued at $35,676,000 after buying an additional 40,593 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in Ball during the fourth quarter worth about $4,349,000. Hedge funds and other institutional investors own 86.51% of the company’s stock.

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.