Berry Global Group (NYSE:BERY) Coverage Initiated at StockNews.com

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

Several other research analysts have also weighed in on BERY. UBS Group reduced 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 research note on Friday, January 10th. 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 research note on Thursday, November 21st. Citigroup reissued a “neutral” rating and set a $76.00 price objective on shares of Berry Global Group in a research note on Monday, November 25th. Barclays lifted their price objective on shares of Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $76.00 price target (up previously from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $73.30.

Berry Global Group Stock Down 0.4 %

Berry Global Group stock opened at $68.37 on Tuesday. The company’s 50 day simple moving average is $67.69 and its 200 day simple moving average is $67.01. Berry Global Group has a fifty-two week low of $54.06 and a fifty-two week high of $73.31. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 1.44 and a beta of 1.16. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 0.80.

Institutional Trading of Berry Global Group

A number of institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in Berry Global Group by 1.4% during the third quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company’s stock worth $134,806,000 after buying an additional 27,437 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Berry Global Group by 13.4% during the fourth quarter. Sound Income Strategies LLC now owns 72,914 shares of the industrial products company’s stock worth $4,715,000 after buying an additional 8,622 shares during the last quarter. Hancock Whitney Corp acquired a new position in Berry Global Group during the third quarter worth $1,065,000. Integrated Investment Consultants LLC acquired a new position in Berry Global Group during the third quarter worth $714,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Berry Global Group by 4.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 835,334 shares of the industrial products company’s stock worth $56,786,000 after buying an additional 37,242 shares during the last quarter. Institutional investors own 95.36% of the company’s stock.

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.