Shares of Berry Global Group Inc (NYSE:BERY) have received a consensus recommendation of “Hold” from the ten brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $61.00.
Several brokerages have commented on BERY. JPMorgan Chase & Co. set a €50.00 ($58.14) price target on Brenntag and gave the company a “buy” rating in a report on Tuesday, July 16th. Zacks Investment Research upgraded Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Monday, July 8th. Morgan Stanley set a $60.00 price target on Berry Global Group and gave the company a “hold” rating in a report on Wednesday, April 17th. Finally, Bank of America set a $80.00 price target on Colgate-Palmolive and gave the company a “buy” rating in a report on Friday, July 12th.
BERY stock traded down $0.84 during midday trading on Friday, hitting $53.65. 672,554 shares of the company traded hands, compared to its average volume of 1,175,243. Berry Global Group has a twelve month low of $40.50 and a twelve month high of $59.16. The company has a quick ratio of 1.19, a current ratio of 2.01 and a debt-to-equity ratio of 3.72. The firm’s 50 day simple moving average is $51.51. The company has a market cap of $7.06 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 1.53 and a beta of 1.20.
Berry Global Group (NYSE:BERY) last announced its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.14). Berry Global Group had a net margin of 5.03% and a return on equity of 32.42%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the business earned $0.84 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. Research analysts anticipate that Berry Global Group will post 3.52 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. grew its holdings in shares of Berry Global Group by 29.6% during the fourth quarter. Prudential Financial Inc. now owns 10,740 shares of the industrial products company’s stock valued at $509,000 after buying an additional 2,450 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Berry Global Group by 2.5% during the fourth quarter. BlackRock Inc. now owns 5,606,566 shares of the industrial products company’s stock valued at $266,478,000 after buying an additional 135,189 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Berry Global Group by 16.1% during the fourth quarter. Bank of New York Mellon Corp now owns 522,488 shares of the industrial products company’s stock valued at $24,834,000 after buying an additional 72,317 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Berry Global Group by 8.8% during the fourth quarter. Great West Life Assurance Co. Can now owns 15,924 shares of the industrial products company’s stock valued at $730,000 after buying an additional 1,285 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Berry Global Group by 43.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,072,644 shares of the industrial products company’s stock valued at $50,981,000 after buying an additional 324,037 shares during the last quarter. Institutional investors and hedge funds own 95.49% of the company’s stock.
Berry Global Group Company Profile
Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. The Engineered Materials segment 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, flashing and seaming tapes, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes; and food and consumer films, retail bags, and polyvinyl chloride films.
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