Fintel reports that on December 10, 2024, Mizuho upgraded their outlook for Ball (NYSE:BALL) from Neutral to Outperform.
Analyst Price Forecast Suggests 25.55% Upside
As of December 3, 2024, the average one-year price target for Ball is $72.41/share. The forecasts range from a low of $61.43 to a high of $87.15. The average price target represents an increase of 25.55% from its latest reported closing price of $57.67 / share.
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The projected annual revenue for Ball is 16,536MM, an increase of 19.96%. The projected annual non-GAAP EPS is 3.84.
What is the Fund Sentiment?
There are 1,437 funds or institutions reporting positions in Ball. This is an decrease of 3 owner(s) or 0.21% in the last quarter. Average portfolio weight of all funds dedicated to BALL is 0.19%, an increase of 10.12%. Total shares owned by institutions decreased in the last three months by 4.36% to 306,848K shares. 
The put/call ratio of BALL is 0.77, indicating a bullish outlook.
What are Other Shareholders Doing?
Parnassus Investments holds 20,035K shares representing 6.71% ownership of the company. In its prior filing, the firm reported owning 20,677K shares , representing a decrease of 3.20%. The firm increased its portfolio allocation in BALL by 6.79% over the last quarter.
T. Rowe Price Investment Management holds 17,057K shares representing 5.72% ownership of the company. In its prior filing, the firm reported owning 17,562K shares , representing a decrease of 2.96%. The firm increased its portfolio allocation in BALL by 5.00% over the last quarter.
PRBLX - Parnassus Core Equity Fund Investor Shares holds 13,543K shares representing 4.54% ownership of the company. In its prior filing, the firm reported owning 14,068K shares , representing a decrease of 3.87%. The firm increased its portfolio allocation in BALL by 6.13% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 9,636K shares representing 3.23% ownership of the company. In its prior filing, the firm reported owning 9,813K shares , representing a decrease of 1.83%. The firm increased its portfolio allocation in BALL by 4.36% over the last quarter.
RPMGX - T. Rowe Price Mid-Cap Growth Fund holds 8,300K shares representing 2.78% ownership of the company. In its prior filing, the firm reported owning 8,538K shares , representing a decrease of 2.87%. The firm increased its portfolio allocation in BALL by 5.04% over the last quarter.
Ball Background Information
(This description is provided by the company.)
Ball Corporation supplies innovative, sustainable aluminum packaging solutions for beverage, personal care and household products customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ 21,500 people worldwide and reported 2020 net sales of $11.8 billion.
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