Berry Global Group Inc (BERY) Receives Average Rating of “Buy” from Analysts

Berry Global Group Inc (NYSE:BERY) has been assigned an average rating of “Buy” from the seventeen analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $66.30.

BERY has been the subject of several research analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Berry Global Group in a report on Friday, August 3rd. Cfra reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Berry Global Group in a report on Thursday, September 6th. ValuEngine raised shares of Berry Global Group from a “strong sell” rating to a “sell” rating in a report on Thursday, September 13th. Zacks Investment Research raised shares of Berry Global Group from a “sell” rating to a “hold” rating in a report on Monday, October 8th. Finally, TheStreet downgraded shares of Berry Global Group from a “b” rating to a “c+” rating in a report on Monday, October 29th.

A number of hedge funds and other institutional investors have recently modified their holdings of BERY. Canyon Capital Advisors LLC lifted its stake in Berry Global Group by 22.9% during the second quarter. Canyon Capital Advisors LLC now owns 7,910,280 shares of the industrial products company’s stock valued at $363,398,000 after buying an additional 1,471,850 shares in the last quarter. BlackRock Inc. lifted its stake in Berry Global Group by 1.9% during the second quarter. BlackRock Inc. now owns 5,502,126 shares of the industrial products company’s stock valued at $252,768,000 after buying an additional 104,660 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Berry Global Group by 4.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,816,667 shares of the industrial products company’s stock valued at $184,689,000 after buying an additional 151,277 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Berry Global Group by 8.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,614,487 shares of the industrial products company’s stock valued at $74,170,000 after buying an additional 130,530 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in Berry Global Group by 22.4% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,614,470 shares of the industrial products company’s stock valued at $74,168,000 after buying an additional 295,950 shares in the last quarter. 93.35% of the stock is owned by institutional investors.

BERY stock traded up $0.41 during trading on Tuesday, hitting $46.39. The company had a trading volume of 1,297,000 shares, compared to its average volume of 1,308,238. The company has a market capitalization of $6.06 billion, a P/E ratio of 15.11, a PEG ratio of 0.61 and a beta of 1.20. Berry Global Group has a fifty-two week low of $40.50 and a fifty-two week high of $61.71. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 4.41.

Berry Global Group Company Profile

Berry Global Group, Inc manufactures and distributes engineered materials, nonwoven specialty materials, and consumer packaging products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. It offers engineered materials, including stretch and shrink films, and converter films; trash-can liners and food bags; cloth and foil, splicing and laminating, flame-retardant, vinyl-coated and carton sealing, electrical, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes; and food and consumer films, retail bags, and polyvinyl chloride films.

See Also: Return on Investment (ROI)

Analyst Recommendations for Berry Global Group (NYSE:BERY)

Receive News & Ratings for Berry Global Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berry Global Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply