There is little time left for Ball Corp. (BALL) to reach its 1-year target estimate. How soon will it surpass it?

Ball Corp. (NYSE:BALL) shares traded 2.71% higher at $48.84 on Wall Street last session.

In accordance with the data, 15 analysts cover Ball Corp. (NYSE:BALL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $75.00 and a low of $46.00, we find $56.00. Given the previous closing price of $47.55, this indicates a potential upside of 17.77 percent. BALL stock price is now -0.68% away from the 50-day moving average and -9.23% away from the 200-day moving average. The market capitalization of the company currently stands at $15.39B.

It has been rated a hold by 10 analysts and a buy by 4. Brokers who have rated the stock have averaged $57.04 as their price target over the next twelve months.

With the price target reduced from $61 to $59, Barclays Upgraded its rating from Equal Weight to Overweight for Ball Corp. (NYSE: BALL).

In other news, Goodwin Deron, Vice President & Treasurer sold 500 shares of the company’s stock on Aug 24. The stock was sold for $26,425 at an average price of $52.85. Upon completion of the transaction, the Vice President & Treasurer now directly owns 12,001 shares in the company, valued at $0.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 23, President, Ball Aerospace Kaufman David A sold 3,820 shares of the business’s stock. A total of $200,212 was realized by selling the stock at an average price of $52.41. This leaves the insider owning 8,861 shares of the company worth $0.43 million. Insiders disposed of 125,440 shares of company stock worth roughly $6.13 million over the past 1 year. A total of 0.63% of the company’s stock is owned by insiders.

Ball Corp. (NYSE: BALL) opened at $48.13 on Thursday. During the past 12 months, Ball Corp. has had a low of $42.81 and a high of $62.14. As of last week, the company has a debt-to-equity ratio of 2.39, a current ratio of 0.81, and a quick ratio of 0.55. According to the stock market information, the enterprise value for the company is $24.65B, which is based on a 25.45 price-to-earnings ratio, a 8.21 price-to-earnings-growth ratio, and a beta of 0.85. The fifty day moving average price for BALL is $49.10 and a two-hundred day moving average price translates $53.77 for the stock.

The latest earnings results from Ball Corp. (NYSE: BALL) was released for Jun, 2023. According to the Packaging & Containers Company, earnings per share came in at $0.61, missing analysts’ expectations of $0.62 by -0.01. This compares to -$0.52 EPS in the same period last year. The net profit margin was 4.30% and return on equity was 16.24% for BALL. The company reported revenue of $3.57 billion for the quarter, compared to $4.13 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.74 percent. For the current quarter, analysts expect BALL to generate $3.81B in revenue.

Ball Corp.(BALL) Company Profile

Ball Corporation supplies aluminum packaging products for the beverage, personal care, and household products industries in the United States, Brazil, and internationally. It operates through four segments: Beverage Packaging, North and Central America; Beverage Packaging, Europe, Middle East and Africa; Beverage Packaging, South America; and Aerospace. The company manufactures and sells aluminum beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages. It also develops spacecraft, sensors and instruments, radio frequency systems, and other technologies for the civil, commercial, and national security aerospace markets, as well as offers defense hardware, antenna and video tactical solutions, civil and operational space hardware, and systems engineering services. In addition, the company designs, manufactures, and tests satellites, remote sensors, and ground station control hardware and software; and provides launch vehicle integration and satellite operational services. Further, it offers target identification, warning, and attitude control systems and components; cryogenic systems and associated sensor cooling devices; star trackers; and fast-steering mirrors to the government agencies or their prime contractors. Additionally, the company 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.

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