Berry Global Group (NYSE:BERY) Now Covered by StockNews.com

Investment analysts at StockNews.com began coverage on shares of Berry Global Group (NYSE:BERY) in a research report issued to clients and investors on Wednesday. The firm set a “buy” rating on the industrial products company’s stock.

A number of other research analysts also recently issued reports on the company. Truist Financial lifted their price target on Berry Global Group from $72.00 to $74.00 and gave the company a “hold” rating in a report on Monday, January 6th. UBS Group lowered their price target on Berry Global Group from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. 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 report on Monday, November 25th. Barclays lifted their price target 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. Finally, Royal Bank of Canada lifted their price target on Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a research note on Thursday, November 21st. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.30.

Berry Global Group Trading Up 5.4 %

Shares of BERY opened at $70.47 on Wednesday. Berry Global Group has a 1-year low of $54.06 and a 1-year high of $73.31. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 0.80. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.45 and a beta of 1.15. The company has a 50-day moving average of $67.46 and a 200 day moving average of $67.17.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. Berry Global Group had a net margin of 4.21% and a return on equity of 26.32%. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the company earned $1.22 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. On average, research analysts expect that Berry Global Group will post 6.31 EPS for the current year.

Institutional Trading of Berry Global Group

A number of large investors have recently modified their holdings of the stock. Creative Planning grew its holdings in shares of Berry Global Group by 5.9% during the second quarter. Creative Planning now owns 6,629 shares of the industrial products company’s stock worth $390,000 after purchasing an additional 372 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Berry Global Group in the 3rd quarter valued at approximately $152,000. Handelsbanken Fonder AB boosted its stake in shares of Berry Global Group by 13.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 28,560 shares of the industrial products company’s stock worth $1,942,000 after acquiring an additional 3,400 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Berry Global Group by 332.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,181 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 908 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Berry Global Group by 340.0% during the 3rd quarter. CWM LLC now owns 8,843 shares of the industrial products company’s stock worth $601,000 after acquiring an additional 6,833 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

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.