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

Stock analysts at StockNews.com assumed coverage on shares of Berry Global Group (NYSE:BERY) in a research report issued on Monday. The brokerage set a “buy” rating on the industrial products company’s stock.

Several other research firms also recently issued reports on BERY. Citigroup reissued a “neutral” rating and issued a $76.00 price target on shares of Berry Global Group in a research report on Monday, November 25th. Truist Financial lifted their price objective on shares of Berry Global Group from $72.00 to $74.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Royal Bank of Canada lifted their price objective on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a report on Thursday, November 21st. UBS Group cut their price objective on shares of Berry Global Group from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $76.00 price objective (up from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $73.30.

Berry Global Group Stock Performance

NYSE:BERY opened at $68.51 on Monday. The company has a fifty day moving average of $67.51 and a 200-day moving average of $66.70. Berry Global Group has a twelve month low of $54.06 and a twelve month high of $73.31. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $7.92 billion, a P/E ratio of 15.61, a P/E/G ratio of 1.43 and a beta of 1.16.

Institutional Investors Weigh In On Berry Global Group

Hedge funds have recently made changes to their positions in the business. EdgePoint Investment Group Inc. raised its stake in Berry Global Group by 10.3% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 14,942,921 shares of the industrial products company’s stock valued at $879,391,000 after acquiring an additional 1,393,955 shares during the period. FMR LLC raised its stake in Berry Global Group by 38.4% in the 3rd quarter. FMR LLC now owns 3,807,317 shares of the industrial products company’s stock valued at $258,821,000 after acquiring an additional 1,055,756 shares during the period. Eminence Capital LP raised its stake in Berry Global Group by 22.2% in the 2nd quarter. Eminence Capital LP now owns 2,714,539 shares of the industrial products company’s stock valued at $159,751,000 after acquiring an additional 492,793 shares during the period. Marshall Wace LLP bought a new stake in Berry Global Group in the 2nd quarter valued at about $25,688,000. Finally, State Street Corp raised its stake in Berry Global Group by 10.4% in the 3rd quarter. State Street Corp now owns 3,831,824 shares of the industrial products company’s stock valued at $260,487,000 after acquiring an additional 360,857 shares during the period. 95.36% of the stock is currently owned by institutional investors.

About Berry Global Group

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.