Berry Global Group, Inc. (NYSE:BERY) Receives $73.30 Average Price Target from Analysts

Berry Global Group, Inc. (NYSE:BERY - Get Free Report) has been given a consensus rating of "Hold" by the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $73.30.

BERY has been the subject of several research analyst reports. Truist Financial lifted their target price on Berry Global Group from $72.00 to $74.00 and gave the stock a "hold" rating in a research note on Monday, January 6th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a $76.00 target price (up previously from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. Citigroup reissued a "neutral" rating and set a $76.00 price target on shares of Berry Global Group in a report on Monday, November 25th. StockNews.com began coverage on Berry Global Group in a report on Tuesday. They issued a "buy" rating on the stock. Finally, Barclays increased their price objective on Berry Global Group from $64.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th.

Institutional Trading of Berry Global Group

A number of institutional investors and hedge funds have recently made changes to their positions in BERY. Venturi Wealth Management LLC raised its position in Berry Global Group by 463.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company's stock valued at $69,000 after purchasing an additional 876 shares in the last quarter. Truist Financial Corp increased its stake in shares of Berry Global Group by 21.6% in the 4th quarter. Truist Financial Corp now owns 4,593 shares of the industrial products company's stock valued at $297,000 after purchasing an additional 815 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Berry Global Group by 5.1% during the 4th quarter. CIBC Asset Management Inc now owns 3,534 shares of the industrial products company's stock worth $229,000 after buying an additional 170 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Berry Global Group by 0.7% during the 4th quarter. Rhumbline Advisers now owns 329,403 shares of the industrial products company's stock worth $21,302,000 after buying an additional 2,171 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its stake in Berry Global Group by 15.4% in the fourth quarter. New York State Teachers Retirement System now owns 92,145 shares of the industrial products company's stock valued at $5,959,000 after buying an additional 12,296 shares in the last quarter. Institutional investors own 95.36% of the company's stock.

Berry Global Group Stock Performance

BERY stock traded down $0.42 during trading hours on Tuesday, reaching $67.93. The stock had a trading volume of 1,030,295 shares, compared to its average volume of 1,153,300. Berry Global Group has a fifty-two week low of $54.06 and a fifty-two week high of $73.31. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 0.80. The stock has a market capitalization of $7.86 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 1.46 and a beta of 1.16. The stock has a 50-day simple moving average of $67.64 and a 200 day simple moving average of $67.02.

Berry Global Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 1.83%. Berry Global Group's payout ratio is 28.25%.

Berry Global Group Company Profile

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.