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On Wednesday, Truist Securities adjusted its outlook on Ball Corp (NYSE: BALL), increasing the price target to $62.00 from the previous $58.00 while maintaining a Buy rating. The revision follows Ball Corp’s reported first-quarter operating earnings per share (EPS) of $0.76, which surpassed Truist Securities’ estimate of $0.70 and the consensus estimate of $0.69. According to InvestingPro data, Ball Corp currently trades at a P/E ratio of 29.6x, with analysts’ price targets ranging from $44 to $83.
The company has reiterated its 2025 comparable EPS growth guidance of 11-14% year-over-year, aligning with its long-term growth algorithm of 10% or more annually. This outlook is bolstered by Ball Corp’s performance in the first quarter, showing volume growth in all regions and minimal impact from tariffs. InvestingPro analysis indicates strong financial health with an overall "GOOD" rating, and notably, the company has maintained dividend payments for 53 consecutive years.
Ball Corp is also on track with its aggressive share repurchase program, aiming to buy back approximately $1.3 billion worth of shares in 2025, with $651 million already completed year to date. The company’s expectations for volume growth remain robust, aiming to meet or exceed its long-term targets in each region, projected at 2-3% total growth.
The analyst at Truist Securities noted Ball Corp’s strong quarter and positive outlook, emphasizing the company’s progress in share repurchases. The firm’s confidence in Ball Corp’s future performance is reflected in the increased price target and the continued endorsement of a Buy rating for the stock.
In other recent news, Ball Corporation (NYSE:BALL) reported its first-quarter 2025 earnings, exceeding expectations with an earnings per share (EPS) of $0.76, compared to the forecasted $0.71. The company’s revenue also outperformed projections, reaching $3.1 billion against an anticipated $2.9 billion. This strong financial performance was attributed to increased shipment volumes and effective cost management strategies. Analysts have noted the company’s strategic focus on aluminum packaging as a key factor in its market positioning. Additionally, Ball Corporation has announced plans for significant capital expenditures and share repurchases throughout the year. The company anticipates full-year 2025 EPS growth between 11% and 14%. Despite uncertainties related to tariffs and economic conditions, Ball Corporation remains confident in its ability to achieve its financial goals.
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