Stock analysts at StockNews.com initiated coverage on shares of Berry Global Group (NYSE:BERY - Get Free Report) in a research note issued to investors on Thursday. The firm set a "buy" rating on the industrial products company's stock.
A number of other brokerages have also issued reports on BERY. Truist Financial upped their target price on shares of Berry Global Group from $74.00 to $76.00 and gave the stock a "hold" rating in a research report on Monday, February 10th. UBS Group raised their price objective on Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Seven equities 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 company has an average rating of "Hold" and an average price target of $74.56.
Get Our Latest Report on Berry Global Group
Berry Global Group Stock Down 0.1 %
Shares of NYSE BERY traded down $0.08 during trading hours on Thursday, hitting $68.22. The stock had a trading volume of 53,634 shares, compared to its average volume of 1,289,365. The firm's 50-day moving average price is $69.63 and its two-hundred day moving average price is $68.53. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61. Berry Global Group has a 52 week low of $55.24 and a 52 week high of $74.24. The company has a market capitalization of $7.90 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.54 and a beta of 1.14.
Berry Global Group (NYSE:BERY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.35 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The business's revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.22 EPS. Analysts anticipate that Berry Global Group will post 6.25 EPS for the current fiscal year.
Institutional Trading of Berry Global Group
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. increased its holdings 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 worth $42,000 after purchasing an additional 306 shares during the period. Quadrant Capital Group LLC grew its position in Berry Global Group by 28.8% during the 4th quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company's stock worth $48,000 after purchasing an additional 165 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Berry Global Group by 3,569.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company's stock valued at $55,000 after buying an additional 821 shares during the last quarter. Venturi Wealth Management LLC grew its stake in 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 purchasing an additional 876 shares during the last quarter. Finally, Atlas Capital Advisors Inc. increased its holdings in Berry Global Group by 7,390.9% in the 4th quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company's stock worth $107,000 after buying an additional 1,626 shares during the period. Hedge funds and other institutional investors own 95.36% of the company's stock.
Berry Global Group Company Profile
(
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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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