Research analysts at StockNews.com began coverage on shares of Berry Global Group (NYSE:BERY - Get Free Report) in a research note issued on Tuesday. The firm set a "buy" rating on the industrial products company's stock.
BERY has been the subject of several other reports. Morgan Stanley assumed coverage on shares of Berry Global Group in a research note on Wednesday, September 4th. They set an "equal weight" rating and a $76.00 price objective for the company. Citigroup reiterated a "neutral" rating and set a $76.00 price target on shares of Berry Global Group in a research note on Monday, November 25th. Truist Financial reissued a "hold" rating and issued a $72.00 price objective (down from $74.00) on shares of Berry Global Group in a report on Wednesday, November 20th. Barclays lifted their target price on Berry Global Group from $64.00 to $75.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 27th. Finally, Royal Bank of Canada raised their price target on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a "sector perform" rating in a research report on Thursday, November 21st. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $73.73.
Get Our Latest Research Report on Berry Global Group
Berry Global Group Stock Up 0.4 %
Shares of BERY stock traded up $0.28 during trading hours on Tuesday, reaching $71.55. 216,227 shares of the company's stock were exchanged, compared to its average volume of 1,095,090. The stock has a market cap of $8.24 billion, a PE ratio of 16.24, a PEG ratio of 1.44 and a beta of 1.14. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 2.08. The stock's fifty day moving average price is $68.69 and its two-hundred day moving average price is $64.93. Berry Global Group has a 1 year low of $54.06 and a 1 year high of $73.31.
Insiders Place Their Bets
In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the firm's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total value of $981,820.00. Following the completion of the sale, the director now directly owns 30,228 shares of the company's stock, valued at $2,119,889.64. This trade represents a 31.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.00% of the company's stock.
Institutional Investors Weigh In On Berry Global Group
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new position in shares of Berry Global Group in the 2nd quarter valued at $27,000. Quest Partners LLC increased its position in shares of Berry Global Group by 54,800.0% during the second quarter. Quest Partners LLC now owns 549 shares of the industrial products company's stock valued at $32,000 after acquiring an additional 548 shares during the last quarter. LRI Investments LLC lifted its stake in Berry Global Group by 1,309.1% during the second quarter. LRI Investments LLC now owns 620 shares of the industrial products company's stock worth $36,000 after purchasing an additional 576 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Berry Global Group during the second quarter worth about $42,000. Finally, American Capital Advisory LLC acquired a new position in shares of Berry Global Group in the second quarter valued at approximately $44,000. 95.36% of the stock is currently owned by institutional investors and hedge funds.
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.
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