BALL stock icon

Ball Corp
BALL

$61.31
3.19%

Market Cap: 19B

 

About: Ball is the world's largest metal can manufacturer with market share over 40% in its three main regions (North America, Europe, and South America). The company is focused on increasing capacity amid a wave of new developed-market demand, while also investing in faster-growing emerging-market economies. Ball maintains a small presence in the U.S. defense industry through its aerospace segment. Ball spun-off its glass jar business in 1993 and is now owned by Newell. The company reports three segments—beverage packaging, North and Central America (43% of 2023 revenue), beverage packaging, EMEA (24%), beverage packaging, South America (14%)—and it generated $14 billion in revenue in 2023.

Employees: 21,000

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 22 analysts
News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

36% more call options, than puts

Call options by funds: $219M | Put options by funds: $161M

14% more capital invested

Capital invested by funds: $15.4B [Q4 2023] → $17.6B (+$2.14B) [Q1 2024]

13% more first-time investments, than exits

New positions opened: 76 | Existing positions closed: 67

1% more funds holding

Funds holding: 663 [Q4 2023] → 672 (+9) [Q1 2024]

4% less repeat investments, than reductions

Existing positions increased: 240 | Existing positions reduced: 249

2.39% less ownership

Funds ownership: 85.12% [Q4 2023] → 82.72% (-2.39%) [Q1 2024]

29% less funds holding in top 10

Funds holding in top 10: 7 [Q4 2023] → 5 (-2) [Q1 2024]

Research analyst outlook

22 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$56
9%
downside
Avg. target
$68
11%
upside
High target
$82
34%
upside

22 analyst ratings

positive
23%
16 neutral
73%
negative
5%
UBS
Cleveland Rueckert
9%downside
$56
Sell
Maintained
17 Jul 2024
Wells Fargo
Gabe Hajde
1%downside
$61
Equal-Weight
Maintained
17 Jul 2024
Citigroup
Anthony Pettinari
8%upside
$66
Neutral
Maintained
8 Jul 2024
Truist Securities
Michael Roxland
24%upside
$76
Buy
Upgraded
25 Jun 2024
Wells Fargo
Gabe Hajde
4%upside
$64
Equal-Weight
Maintained
20 Jun 2024

Financial journalist opinion