Equities research analysts at StockNews.com assumed coverage on shares of Berry Global Group (NYSE:BERY - Get Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a "buy" rating on the industrial products company's stock.
BERY has been the subject of several other research reports. Truist Financial lifted their price objective on shares of Berry Global Group from $74.00 to $76.00 and gave the stock a "hold" rating in a research note on Monday, February 10th. Citigroup reiterated a "neutral" rating and issued a $76.00 price target on shares of Berry Global Group in a research report on Monday, November 25th. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $76.00 price target (up from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Barclays raised their price objective on Berry Global Group from $64.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 27th. Finally, UBS Group lifted their price objective on Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $74.56.
Read Our Latest Report on BERY
Berry Global Group Stock Performance
Shares of Berry Global Group stock traded down $0.53 on Tuesday, hitting $69.46. The stock had a trading volume of 1,366,745 shares, compared to its average volume of 1,231,320. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 1.54 and a beta of 1.13. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35. Berry Global Group has a twelve month low of $55.24 and a twelve month high of $74.24. The business's 50 day moving average is $70.17 and its two-hundred day moving average is $68.57.
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 analysts' consensus estimates of $1.00 by $0.09. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The company's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.22 EPS. Analysts forecast that Berry Global Group will post 6.25 EPS for the current year.
Institutional Investors Weigh In On Berry Global Group
Hedge funds and other institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. boosted its position in Berry Global Group by 89.0% in the fourth quarter. UMB Bank n.a. now owns 650 shares of the industrial products company's stock valued at $42,000 after buying an additional 306 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of 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 during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of 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 valued at $55,000 after acquiring an additional 821 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of Berry Global Group by 463.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company's stock valued at $69,000 after acquiring an additional 876 shares in the last quarter. Finally, Atlas Capital Advisors Inc. grew its position in Berry Global Group by 7,390.9% during the 4th quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company's stock worth $107,000 after acquiring an additional 1,626 shares during the last quarter. 95.36% of the stock is owned by institutional investors.
Berry Global Group Company Profile
(
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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