Equities research analysts at StockNews.com started coverage on shares of Berry Global Group (NYSE:BERY - Get Free Report) in a report issued on Sunday. The firm set a "buy" rating on the industrial products company's stock.
Other equities research analysts also recently issued research reports about the company. UBS Group increased their price objective on Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Royal Bank of Canada raised their price target on Berry Global Group from $69.00 to $73.00 and gave the company a "sector perform" rating in a report on Thursday, November 21st. JPMorgan Chase & Co. reissued an "overweight" rating and set a $76.00 price objective (up previously from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Barclays raised 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 research note on Wednesday, November 27th. Finally, Citigroup reiterated a "neutral" rating and set a $76.00 target price on shares of Berry Global Group in a research report on Monday, November 25th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $74.56.
Get Our Latest Report on Berry Global Group
Berry Global Group Stock Up 2.2 %
BERY stock opened at $73.11 on Friday. The stock has a 50-day simple moving average of $68.91 and a two-hundred day simple moving average of $68.30. Berry Global Group has a twelve month low of $55.24 and a twelve month high of $73.75. The firm has a market capitalization of $8.47 billion, a PE ratio of 18.23, a PEG 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 (NYSE:BERY - Get Free Report) last released 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 company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.35 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. Berry Global Group's revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business earned $1.22 earnings per share. On average, equities analysts predict that Berry Global Group will post 6.25 EPS for the current fiscal year.
Hedge Funds Weigh In On Berry Global Group
Several institutional investors and hedge funds have recently made changes to their positions in BERY. Geode Capital Management LLC boosted its position in Berry Global Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company's stock valued at $134,806,000 after buying an additional 27,437 shares during the period. Sound Income Strategies LLC boosted its holdings in Berry Global Group by 13.4% during the 4th quarter. Sound Income Strategies LLC now owns 72,914 shares of the industrial products company's stock valued at $4,715,000 after acquiring an additional 8,622 shares during the period. Hancock Whitney Corp purchased a new stake in Berry Global Group during the 3rd quarter valued at about $1,065,000. Integrated Investment Consultants LLC bought a new position in Berry Global Group during the 3rd quarter worth approximately $714,000. Finally, Barclays PLC increased its stake in Berry Global Group by 87.1% in the 3rd quarter. Barclays PLC now owns 101,956 shares of the industrial products company's stock worth $6,931,000 after purchasing an additional 47,476 shares during the period. Institutional investors own 95.36% of the company's stock.
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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