Analysts Point To Ball Corp. (NYSE: BALL) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Recently, Yahoo Finance discussed the stock, revealing that Ball to Announce Fourth Quarter Earnings on February 1, 2024.

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Stocks Info

As a NYSE listed company, BALL falls under the Consumer Cyclical sector while operating within the Packaging & Containers industry segment. At the end of the last regular session, the stock closed at $56.73 and fluctuated between $57.36 as its day high and $56.47 as its day low. The current market capitalization of Ball Corp. is $17.89B. A total of 1.17 million shares were traded on the day, compared to an average of 2.07M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, BALL has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 9 SELLs from insiders. Insiders purchased 23,437 shares during that period but sold 106,982.

In the most recent transaction, Lewis Ronald J. bought 4,637 shares of BALL for 53.91 per share on Nov 21. After the transaction, the SR VP & COO now owns 29,797 company shares. In a previous transaction on Aug 24, Goodwin Deron sold 500 shares at 52.85 per share. BALL shares that Vice President & Treasurer owns now total 12,001.

Among the insiders who sold shares, Kaufman David A disposed of 3,820 shares on Aug 23 at a per-share price of $52.41. This resulted in the President, Ball Aerospace holding 8,861 shares of BALL after the transaction. In another insider transaction, HAYES JOHN A sold 100,000 shares at $58.40 per share on Feb 06. Company shares held by the Director now total 480,552.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Ball Corp. pays an annual dividend of $0.80, resulting in a dividend yield of 1.41%, and it has a price to earnings (P/E) ratio of 29.57. BALL’s most recent ex-dividend date was 11/30/2023 when it declared a $0.20 quarterly dividend that was paid in cash on 12/15/2023. Previously, the company paid the dividend on 9/15/2023 with an ex-dividend date of 8/31/2023. The BALL stock dividend was $0.20 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for BALL in the last 3 months, the mean price target is $58.53 with high estimates of $75.00 and low estimates of $50.00. In terms of 52-week highs and lows, BALL has a high of $62.14 and a low of $42.81.

As of this writing, BALL has an earnings estimate of $BILL Holdings, Inc. per share for the current quarter. EPS was calculated based on a consensus of Ballard Power Systems, Inc. estimates, with a high estimate of $BALI per share and a lower estimate of $Allstate Corporation (The).

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. BALL’s latest balance sheet shows that the firm has $563.00M in Cash & Short Term Investments as of fiscal 2021. There were $8.16B in debt and $5.95B in liabilities at the time. Its Book Value Per Share was $12.49, while its Total Shareholder’s Equity was $3.69B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BALL is Buy with a score of 3.50.

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