In a recent update, Mizuho has revised its price target for Ball Corp. (BALL, Financial), reducing it from $63 to $58 while maintaining an Outperform rating on the stock. This adjustment reflects changes in market multiples within the chemicals, agriculture, and packaging sectors, as the firm observes only minor downward adjustments in future year estimates amid a backdrop that does not anticipate a recession.
Despite the lowered price target, Mizuho's analysis suggests that declining oil prices could erode the cost advantages associated with gas-linked expenses for various basic chemical stocks. Additionally, the firm warns of potential short-term risk following pre-buying activities in the auto and electronics sectors during the March quarter, which could lead to a temporary pullback.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Ball Corp (BALL, Financial) is $62.38 with a high estimate of $83.00 and a low estimate of $44.00. The average target implies an upside of 28.04% from the current price of $48.72. More detailed estimate data can be found on the Ball Corp (BALL) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Ball Corp's (BALL, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Ball Corp (BALL, Financial) in one year is $62.50, suggesting a upside of 28.28% from the current price of $48.72. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Ball Corp (BALL) Summary page.
