Berry Global Group (NYSE:BERY - Get Free Report) had its target price raised by investment analysts at Barclays from $64.00 to $75.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the industrial products company's stock. Barclays's price objective would indicate a potential upside of 6.04% from the stock's current price.
Other analysts have also recently issued research reports about the stock. Truist Financial reiterated a "hold" rating and set a $72.00 price target (down previously from $74.00) on shares of Berry Global Group in a research note on Wednesday, November 20th. StockNews.com raised shares of Berry Global Group from a "hold" rating to a "buy" rating in a report on Monday. Royal Bank of Canada raised their price target on Berry Global Group from $69.00 to $73.00 and gave the stock a "sector perform" rating in a report on Thursday, November 21st. UBS Group downgraded Berry Global Group from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $82.00 to $75.00 in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $76.00 price objective (up from $70.00) on shares of Berry Global Group in a research report on Monday. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $73.73.
Read Our Latest Analysis on Berry Global Group
Berry Global Group Price Performance
Shares of BERY opened at $70.73 on Wednesday. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.41 and a quick ratio of 0.26. Berry Global Group has a 1-year low of $54.06 and a 1-year high of $73.31. The stock has a market cap of $8.11 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14. The firm has a fifty day moving average price of $68.37 and a 200 day moving average price of $64.60.
Insider Buying and Selling
In related news, Director Evan Bayh sold 14,000 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total value of $981,820.00. Following the completion of the transaction, the director now owns 30,228 shares of the company's stock, valued at approximately $2,119,889.64. The trade was a 31.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.00% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in BERY. EdgePoint Investment Group Inc. lifted its holdings in shares of Berry Global Group by 10.3% during the 2nd quarter. EdgePoint Investment Group Inc. now owns 14,942,921 shares of the industrial products company's stock worth $879,391,000 after acquiring an additional 1,393,955 shares during the period. FMR LLC increased its position in Berry Global Group by 38.4% during the third quarter. FMR LLC now owns 3,807,317 shares of the industrial products company's stock worth $258,821,000 after purchasing an additional 1,055,756 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Berry Global Group by 30.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,472,624 shares of the industrial products company's stock worth $204,365,000 after purchasing an additional 807,211 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Berry Global Group by 280.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 798,092 shares of the industrial products company's stock valued at $46,968,000 after purchasing an additional 588,114 shares during the last quarter. Finally, Eminence Capital LP grew its stake in shares of Berry Global Group by 22.2% during the 2nd quarter. Eminence Capital LP now owns 2,714,539 shares of the industrial products company's stock valued at $159,751,000 after buying an additional 492,793 shares during the period. Hedge funds and other institutional investors own 95.36% of the company's stock.
About Berry Global Group
(
Get Free Report)
Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Berry Global Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Berry Global Group wasn't on the list.
While Berry Global Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
