Investment analysts at StockNews.com started coverage on shares of Berry Global Group (NYSE:BERY - Get Free Report) in a note issued to investors on Thursday. The firm set a "buy" rating on the industrial products company's stock.
Several other research analysts also recently commented on the company. Barclays boosted 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. Morgan Stanley initiated coverage on Berry Global Group in a report on Wednesday, September 4th. They issued an "equal weight" rating and a $76.00 price objective for the company. UBS Group lowered Berry Global Group from a "buy" rating to a "neutral" rating and cut their target price for the company from $82.00 to $75.00 in a research note on Friday, November 22nd. JPMorgan Chase & Co. restated an "overweight" rating and set a $76.00 target price (up from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. Finally, Citigroup reiterated a "neutral" rating and issued a $76.00 price target on shares of Berry Global Group in a research report on Monday, November 25th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $73.40.
View Our Latest Report on BERY
Berry Global Group Stock Performance
Berry Global Group stock traded up $0.03 during trading hours on Thursday, hitting $64.69. The stock had a trading volume of 1,168,649 shares, compared to its average volume of 1,120,769. The company has a market cap of $7.45 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The company has a quick ratio of 0.80, a current ratio of 1.25 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. The company has a 50-day moving average of $69.03 and a two-hundred day moving average of $65.67.
Insider Buying and Selling at Berry Global Group
In related news, Director Evan Bayh sold 14,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total transaction of $981,820.00. Following the sale, the director now owns 30,228 shares of the company's stock, valued at $2,119,889.64. This represents a 31.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 4.00% of the company's stock.
Institutional Investors Weigh In On Berry Global Group
Several institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Berry Global Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company's stock valued at $134,806,000 after purchasing an additional 27,437 shares during the last quarter. Hancock Whitney Corp acquired a new stake in shares of Berry Global Group during the 3rd quarter valued at $1,065,000. Integrated Investment Consultants LLC bought a new stake in Berry Global Group during the 3rd quarter worth $714,000. Allspring Global Investments Holdings LLC increased its holdings in Berry Global Group by 4.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 835,334 shares of the industrial products company's stock worth $56,786,000 after purchasing an additional 37,242 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Berry Global Group by 370.0% during the second quarter. Mercer Global Advisors Inc. ADV now owns 114,868 shares of the industrial products company's stock valued at $6,760,000 after purchasing an additional 90,428 shares in the last quarter. Institutional investors own 95.36% of the company's stock.
About Berry Global Group
(
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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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