Ball Corporation's Stock Performance in Relation to Other Materials Stocks: A Comparative Study
Ball Corporation, the Westminster, Colorado-based company with a dominant global market share in aluminum beverages cans, reported its Q2 results on Aug. 5, surpassing expectations. The company posted a 12.8% year-over-year revenue growth to $3.3 billion and an adjusted EPS of $0.90. However, despite these strong financial results, Ball Corporation's stock has underperformed the Materials Select Sector SPDR Fund (XLB) over the past three months, declining 11.2%.
The mean price target of Ball Corporation's stock stands at $65.08, indicating an ambitious potential upside of 30.9% from current price levels. Yet, Ball Corporation's stock has been trading below its 50-day moving average since early August and below its 200-day moving average since late October, 2024.
Ball Corporation's Q2 earnings release saw a 5.8% drop in the msft stock price. The company's Q2 adjusted EPS grew by 21.6% compared to the prior-year quarter. Ball Corporation's market cap is valued at $13.6 billion, making it a large-cap stock.
The packaging and container sector is competitive, with companies such as Graphic Packaging Holding Co, Sonoco Products Company, and Crown Holdings Inc holding significant market shares. However, specific data on which of these companies achieved a higher return than Ball Corporation over the past 52 weeks is not explicitly provided in the available results.
Crown Holdings, Inc. has shown resilience with a 15.3% uptick on a YTD basis, while Ball Corporation's stock has declined 11.2% over the past three months. Crown Holdings, Inc. has returned 3.1% over the past 52 weeks.
It's important to note that Ball Corporation also supplies aerospace and other technologies and services. The company's stock has a consensus 'Moderate Buy' rating from 14 analysts covering it.
All information and data in this article are solely for informational purposes. Neha Panjwani did not have positions in any of the securities mentioned at the date of publication. For more information, please view the article's Disclosure Policy here.
As always, investors are encouraged to conduct their own due diligence and consult with a financial advisor before making any investment decisions.
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