Wells Fargo & Company Has Lowered Expectations for Ball (NYSE:BALL) Stock Price

by · The Cerbat Gem

Ball (NYSE:BALL – Get Free Report) had its price target lowered by equities researchers at Wells Fargo & Company from $72.00 to $70.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 9.53% from the stock’s previous close.

BALL has been the subject of several other reports. Citigroup downgraded shares of Ball from a “buy” rating to a “reduce” rating in a report on Wednesday, August 5th. Truist Financial set a $78.00 target price on shares of Ball in a report on Wednesday, August 5th. Mizuho set a $72.00 target price on shares of Ball in a report on Wednesday, August 5th. Bank of America boosted their target price on shares of Ball from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada decreased their price target on shares of Ball from $77.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, October 13th. Ten research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.00.

Read Our Latest Research Report on Ball

Ball Stock Performance

Ball stock traded up $0.71 during trading hours on Monday, reaching $63.91. 619,474 shares of the company were exchanged, compared to its average volume of 2,361,483. The firm has a market cap of $16.92 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 1.20 and a beta of 0.96. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 1.13. The stock has a 50-day moving average of $60.67 and a 200 day moving average of $60.25. Ball has a 12 month low of $44.83 and a 12 month high of $68.29.

Ball (NYSE:BALL – Get Free Report) last announced 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 return on equity of 18.76% and a net margin of 6.61%. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter last year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. Ball has set its FY 2026 guidance at 3.930- EPS. As a group, research analysts anticipate that Ball will post 4.01 earnings per share for the current year.

Insider Activity at Ball

In other news, SVP Mandy Glew sold 5,626 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $63.80, for a total value of $358,938.80. Following the completion of the sale, the senior vice president directly owned 7,209 shares of the company’s stock, valued at approximately $459,934.20. This represents a 43.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.58% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ball

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new stake in shares of Ball in the second quarter valued at $160,506,000. Hsbc Holdings PLC acquired a new position in Ball during the 2nd quarter worth about $96,380,000. State Street Corp lifted its position in Ball by 8.3% during the 2nd quarter. State Street Corp now owns 13,416,598 shares of the company’s stock worth $837,196,000 after buying an additional 1,024,861 shares in the last quarter. AMG National Trust Bank bought a new stake in Ball during the 2nd quarter worth about $76,377,000. Finally, Engineers Gate Manager LP grew its holdings in Ball by 90.7% during the 2nd quarter. Engineers Gate Manager LP now owns 81,799 shares of the company’s stock worth $5,104,000 after acquiring an additional 38,896 shares during the last quarter. 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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