Berry Global Group (NYSE:BERY) Earns Buy Rating from Analysts at StockNews.com

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

Several other equities analysts have also weighed in on the company. JPMorgan Chase & Co. reissued an "overweight" rating and issued a $76.00 target price (up previously from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Citigroup reissued a "neutral" rating and issued a $76.00 target price on shares of Berry Global Group in a research note on Monday, November 25th. Barclays increased their target price on Berry Global Group from $64.00 to $75.00 and gave the company an "equal weight" rating in a research note on Wednesday, November 27th. Truist Financial increased their price target on Berry Global Group from $74.00 to $76.00 and gave the stock a "hold" rating in a report on Monday, February 10th. Finally, UBS Group increased their price target on Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Seven 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, the stock presently has a consensus rating of "Hold" and an average price target of $74.56.

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Berry Global Group Trading Down 1.6 %

Shares of BERY traded down $1.13 during trading hours on Friday, hitting $70.71. 3,120,496 shares of the stock traded hands, compared to its average volume of 1,168,487. 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 has a 1-year low of $55.24 and a 1-year high of $73.75. The firm has a market capitalization of $8.19 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15. The business has a fifty day moving average of $68.38 and a 200-day moving average of $68.15.

Berry Global Group (NYSE:BERY - Get Free Report) last released its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share 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 for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the firm posted $1.22 earnings per share. The company's quarterly revenue was up 2.2% on a year-over-year basis. Analysts expect that Berry Global Group will post 6.25 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Berry Global Group during the fourth quarter worth about $4,799,000. Forum Financial Management LP bought a new position in shares of Berry Global Group during the fourth quarter worth about $259,000. Toronto Dominion Bank bought a new position in shares of Berry Global Group during the fourth quarter worth about $3,234,000. Vise Technologies Inc. bought a new position in shares of Berry Global Group during the fourth quarter worth about $432,000. Finally, CSS LLC IL grew its stake in Berry Global Group by 139.4% in the fourth quarter. CSS LLC IL now owns 37,260 shares of the industrial products company's stock valued at $2,410,000 after purchasing an additional 21,695 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors.

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.