Ball Corp (BALL)

• Market cap: $16.7B
• 1 day: 0.79%
• 5 days: -4.22%
• 1 month: -7.65%
• 3 months: -15.85%
• 6 months: -7.66%
• Year to date: -2.07%
• 1 year: 0.18%
• 5 years: -14.39%
• 10 years: 61.27%
• 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 US 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]

18% more call options, than puts

Call options by funds: $102M | Put options by funds: $86.9M

4% more capital invested

Capital invested by funds: $15.9B [Q2] → $16.6B (+$655M) [Q3]

0% less repeat investments, than reductions

Existing positions increased: 251 | Existing positions reduced: 252

2% less funds holding

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

4.91% less ownership

Funds ownership: 85.61% [Q2] → 80.7% (-4.91%) [Q3]

11% less first-time investments, than exits

New positions opened: 87 | Existing positions closed: 98

Research analyst outlook

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

• Low target: $61 9% upside
• Avg. target: $68 22% upside
• High target: $75 34% upside

4 analyst ratings

• positive: 2 50%
• neutral: 2 50%
• negative: 0 0%

Mizuho John Roberts 48% 1-year accuracy 16 / 33 met price target	20% upside $67	Outperform Upgraded	10 Dec 2024
RBC Capital Arun Viswanathan 29% 1-year accuracy 20 / 70 met price target	34% upside $75	Outperform Reiterated	4 Nov 2024
Wells Fargo Gabe Hajde 56% 1-year accuracy 31 / 55 met price target	9% upside $61	Equal-Weight Maintained	1 Nov 2024
Citigroup Anthony Pettinari 58% 1-year accuracy 29 / 50 met price target	24% upside $69	Neutral Maintained	2 Oct 2024