Equities researchers at StockNews.com initiated coverage on shares of Berry Global Group (NYSE:BERY - Get Free Report) in a note issued to investors on Friday. The firm set a "buy" rating on the industrial products company's stock.
Other research analysts have also recently issued reports about the company. Barclays upped 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. JPMorgan Chase & Co. restated an "overweight" rating and set a $76.00 price objective (up from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Royal Bank of Canada increased their price objective 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. Truist Financial lifted their target price on Berry Global Group from $74.00 to $76.00 and gave the company a "hold" rating in a research note on Monday, February 10th. Finally, UBS Group increased their target price on shares of Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $74.56.
View Our Latest Stock Analysis on BERY
Berry Global Group Trading Down 1.4 %
NYSE:BERY traded down $1.05 during midday trading on Friday, hitting $71.68. 1,853,952 shares of the company traded hands, compared to its average volume of 1,370,472. Berry Global Group has a 12-month low of $55.24 and a 12-month high of $73.31. The firm's fifty day moving average is $67.51 and its 200-day moving average is $67.66. The firm has a market capitalization of $8.30 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.54 and a beta of 1.15. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35.
Berry Global Group (NYSE:BERY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.00 by $0.09. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.35 billion. The business's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.22 EPS. On average, sell-side analysts predict that Berry Global Group will post 6.25 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of BERY. UMB Bank n.a. raised its stake in shares of Berry Global Group by 89.0% in the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 306 shares during the period. Quadrant Capital Group LLC lifted its stake in Berry Global Group by 28.8% in the 4th quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company's stock valued at $48,000 after acquiring an additional 165 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in Berry Global Group by 3,569.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company's stock worth $55,000 after acquiring an additional 821 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Berry Global Group by 463.5% in 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 during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Berry Global Group during the third quarter worth $75,000. Institutional investors own 95.36% of the company's stock.
Berry Global Group Company Profile
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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.
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