Berry Global Group (NYSE:BERY) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Berry Global Group (NYSE:BERY - Get Free Report) in a research report issued on Monday. The firm set a "buy" rating on the industrial products company's stock.

A number of other analysts also recently issued reports on the stock. Royal Bank of Canada increased their target price 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. JPMorgan Chase & Co. reissued an "overweight" rating and issued a $76.00 price objective (up previously from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. Barclays lifted their target price on shares of Berry Global Group from $64.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. Citigroup reiterated a "neutral" rating and issued a $76.00 price target on shares of Berry Global Group in a report on Monday, November 25th. Finally, Truist Financial boosted their price objective 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. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $73.30.

Berry Global Group Trading Up 0.1 %

NYSE:BERY traded up $0.06 on Monday, hitting $67.69. 612,263 shares of the stock were exchanged, compared to its average volume of 1,047,969. The stock has a fifty day moving average of $67.51 and a 200-day moving average of $66.56. The stock has a market cap of $7.83 billion, a PE ratio of 15.42, a PEG ratio of 1.38 and a beta of 1.16. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 2.08. Berry Global Group has a fifty-two week low of $54.06 and a fifty-two week high of $73.31.

Institutional Trading of Berry Global Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. M&T Bank Corp boosted its position in Berry Global Group by 3.1% during the 3rd quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company's stock valued at $396,000 after purchasing an additional 173 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Berry Global Group by 1.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,424 shares of the industrial products company's stock worth $555,000 after acquiring an additional 176 shares during the period. Creative Planning lifted its position in Berry Global Group by 3.0% in the 3rd quarter. Creative Planning now owns 6,827 shares of the industrial products company's stock valued at $464,000 after purchasing an additional 198 shares during the last quarter. UMB Bank n.a. boosted its stake in Berry Global Group by 89.0% during 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. Finally, US Bancorp DE boosted its stake in Berry Global Group by 9.1% during the 3rd quarter. US Bancorp DE now owns 3,725 shares of the industrial products company's stock valued at $253,000 after purchasing an additional 311 shares during the period. 95.36% of the stock is owned by institutional investors and hedge funds.

About Berry Global Group

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.