Ball Corp (BALL)

• Market cap: $15.8B
• 1 day: 0.00%
• 5 days: -4.09%
• 1 month: -8.88%
• 3 months: -19.33%
• 6 months: -12.28%
• Year to date: -4.46%
• 1 year: -9.23%
• 5 years: -21.52%
• 10 years: 58.09%
• Sector: Consumer Discretionary
• Industry: Metal Cans

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

67% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 5 (+2) [Q3]

16% more call options, than puts

Call options by funds: $113M | Put options by funds: $97.7M

6% more capital invested

Capital invested by funds: $16.2B [Q2] → $17.2B (+$951M) [Q3]

0% less repeat investments, than reductions

Existing positions increased: 251 | Existing positions reduced: 252

4% less first-time investments, than exits

New positions opened: 87 | Existing positions closed: 91

2% less funds holding

Funds holding: 722 [Q2] → 711 (-11) [Q3]

4.99% less ownership

Funds ownership: 87.17% [Q2] → 82.18% (-4.99%) [Q3]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $56 8% upside
• Avg. target: $65 24% upside
• High target: $75 44% upside

6 analyst ratings

• positive: 3 50%
• neutral: 3 50%
• negative: 0 0%

UBS Cleveland Rueckert 80% 1-year accuracy 4 / 5 met price target	12% upside $58	Neutral Upgraded	10 Jan 2025
Citigroup Anthony Pettinari 39% 1-year accuracy 23 / 59 met price target	13% upside $59	Neutral Maintained	6 Jan 2025
Wells Fargo Gabe Hajde 53% 1-year accuracy 31 / 58 met price target	8% upside $56	Equal-Weight Maintained	6 Jan 2025
Truist Securities Michael Roxland 42% 1-year accuracy 19 / 45 met price target	40% upside $73	Buy Maintained	6 Jan 2025
Mizuho John Roberts 42% 1-year accuracy 16 / 38 met price target	29% upside $67	Outperform Upgraded	10 Dec 2024