Ball (BALL) Stock Price, News & Analysis

Company Overview

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages. It also manufactures and sells extruded aluminum aerosol containers, recloseable aluminum bottles, aluminum cups, and aluminum slugs. Ball Corporation was founded in 1880 and is headquartered in Westminster, Colorado.

Key Stats

• Today's Range: $60.98 to $61.94
• 50-Day Range: $59.01 to $67.91
• 52-Week Range: $53.57 to $71.32
• Volume: 1.16 million shs
• Average Volume: 1.93 million shs
• Market Capitalization: $18.46 billion
• P/E Ratio: 4.67
• Dividend Yield: 1.29%
• Price Target: $70.75
• Consensus Rating: Moderate Buy

Ball Stock Analysis - MarketRank™

Ball scored higher than 89% of companies evaluated by MarketBeat, and ranked 23rd out of 178 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Ball has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 6 buy ratings, 6 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Ball has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 12.70%

Earnings Growth

Earnings for Ball are expected to grow by 12.70% in the coming year, from $3.15 to $3.55 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ball is 4.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.93.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ball is 4.67, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.80.

Price to Earnings Growth Ratio

Ball has a PEG Ratio of 1.52. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Ball has a P/B Ratio of 2.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.74% of the float of Ball has been sold short.

Short Interest Ratio / Days to Cover

Ball has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Ball has recently decreased by 15.66%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Ball pays a meaningful dividend of 1.32%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Ball does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Ball is 6.03%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Ball will have a dividend payout ratio of 22.54% next year. This indicates that Ball will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.74% of the float of Ball has been sold short.

Short Interest Ratio / Days to Cover

Ball has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Ball has recently decreased by 15.66%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.45

News Sentiment

Ball has a news sentiment score of 0.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.79 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 51 news articles for Ball this week, compared to 40 articles on an average week.

Search Interest

4 people have searched for BALL on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

4 people have added Ball to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Ball insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.81% of the stock of Ball is held by insiders.

Percentage Held by Institutions

86.51% of the stock of Ball is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

BALL Stock Analysis - Frequently Asked Questions

How have BALL shares performed this year?

Ball's stock was trading at $57.52 at the start of the year. Since then, BALL stock has increased by 7.5% and is now trading at $61.86.
View the best growth stocks for 2024 here.

How were Ball's earnings last quarter?

Ball Co. (NYSE:BALL) released its quarterly earnings results on Thursday, October, 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. Ball's revenue for the quarter was down .9% on a year-over-year basis.

How will Ball's stock buyback program work?

Ball's Board of Directors approved a stock buyback program on Wednesday, April 24th 2024, which allows the company to repurchase 40,000,000 outstanding shares, according to EventVestor. This allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its shares are undervalued.

Who are Ball's major shareholders?

Top institutional shareholders of Ball include Parnassus Investments LLC (6.71%), State Street Corp (4.36%), Geode Capital Management LLC (2.38%) and FMR LLC (1.48%). Insiders that own company stock include Daniel William Fisher, Deron Goodwin, Cynthia A Niekamp and Pedro Henrique Mariani.
View institutional ownership trends.

How do I buy shares of Ball?

Shares of BALL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Ball own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ball investors own include American Water Works (AWK), Waste Connections (WCN), AUO (AUOTY), DiamondRock Hospitality (DRH), Humana (HUM), The RMR Group (RMR) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Ex-Dividend for 9/17 Dividend: 9/03/2024
• Dividend Payable: 9/17/2024
• Last Earnings: 10/31/2024
• Today: 11/24/2024
• Ex-Dividend for 12/16 Dividend: 12/02/2024
• Dividend Payable: 12/16/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/06/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Metal cans
• Sub-Industry: Shipping Containers
• Current Symbol: NYSE:BALL
• CUSIP: N/A
• CIK: 9389
• Web: www.ball.com
• Phone: (303) 469-3131
• Fax: 303-460-2127
• Employees: 21,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $70.75
• High Stock Price Target: $78.00
• Low Stock Price Target: $59.00
• Potential Upside/Downside: +14.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $13.26
• Trailing P/E Ratio: 4.67
• Forward P/E Ratio: 19.64
• P/E Growth: 1.52
• Net Income: $707 million
• Net Margins: 34.05%
• Pretax Margin: 7.00%
• Return on Equity: 17.46%
• Return on Assets: 5.66%

Debt

• Debt-to-Equity Ratio: 0.79
• Current Ratio: 1.09
• Quick Ratio: 0.82

Sales & Book Value

• Annual Sales: $13.79 billion
• Price / Sales: 1.34
• Cash Flow: $5.18 per share
• Price / Cash Flow: 11.94
• Book Value: $22.64 per share
• Price / Book: 2.73

Miscellaneous

• Outstanding Shares: 298,426,000
• Free Float: 296,009,000
• Market Cap: $18.46 billion
• Optionable: Optionable
• Beta: 0.90