Piper Sandler lowers Arbor Realty Trust stock price target on credit issues
Investing.com - Citi has reiterated its Neutral rating on Ball Corp (NYSE:BALL) with a price target of $60.00. The $13.5 billion market cap company, currently trading at $49.48, appears slightly undervalued according to InvestingPro’s Fair Value analysis.
The research firm’s analyst team maintained its previous stance on the packaging company, which specializes in aluminum packaging solutions, particularly beverage cans. With annual revenue of $12.4 billion and a 53-year track record of consistent dividend payments, Ball Corp has demonstrated remarkable stability in the packaging sector.
The price target suggests limited upside potential from current trading levels, reflecting Citi’s balanced view on the stock’s near-term prospects.
Ball Corp has been navigating challenges in the packaging industry, including fluctuating aluminum prices and evolving consumer preferences in the beverage sector.
The company continues to focus on sustainability initiatives and operational efficiency as key drivers for future performance in the competitive packaging market.
In other recent news, Ball Corporation reported its second-quarter earnings for 2025, surpassing analyst expectations with a comparable diluted earnings per share of $0.90, compared to the forecast of $0.87. The company’s revenue also exceeded projections, reaching $3.34 billion against the anticipated $3.11 billion. Additionally, Ball Corporation has announced the pricing of a $750 million underwritten public offering in senior notes with a 5.500% interest rate due in 2033. This offering is expected to close in August 2025, subject to customary closing conditions. The company plans to use the proceeds for general corporate purposes, including refinancing or repaying debt. Initially, Ball intends to repay outstanding borrowings under its U.S. dollar and multi-currency revolving credit facilities using a portion of the proceeds and cash on hand. These developments reflect recent strategic financial maneuvers by Ball Corporation.
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