Ball Corp (BALL)

• Market cap: $16.5B
• 1 day: 0.07%
• 5 days: 4.26%
• 1 month: -5.99%
• 3 months: -18.74%
• 6 months: -12.32%
• Year to date: -0.28%
• 1 year: -0.62%
• 5 years: -21.59%
• 10 years: 67.61%
• 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

4% more capital invested

Capital invested by funds: $16.2B [Q2] → $16.9B (+$670M) [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

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

• Low target: $49 10% downside
• Avg. target: $65 20% upside
• High target: $75 38% upside

7 analyst ratings

• positive: 4 57%
• neutral: 2 29%
• negative: 1 14%

Wells Fargo Gabe Hajde 56% 1-year accuracy 33 / 59 met price target	10% downside $49	Underweight Downgraded	16 Jan 2025
Morgan Stanley Angel Castillo 53% 1-year accuracy 8 / 15 met price target	38% upside $75	Overweight Maintained	13 Jan 2025
UBS Cleveland Rueckert 100% 1-year accuracy 3 / 3 met price target	7% upside $58	Neutral Upgraded	10 Jan 2025
Citigroup Anthony Pettinari 44% 1-year accuracy 22 / 50 met price target	9% upside $59	Neutral Maintained	6 Jan 2025
Truist Securities Michael Roxland 61% 1-year accuracy 27 / 44 met price target	34% upside $73	Buy Maintained	6 Jan 2025