Favorable Press Coverage Somewhat Unlikely to Affect Berry Global Group (BERY) Stock Price

News stories about Berry Global Group (NYSE:BERY) have been trending positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Berry Global Group earned a news sentiment score of 0.33 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 45.8990888586539 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Berry Global Group (NYSE BERY) traded down $0.40 during mid-day trading on Wednesday, reaching $59.99. The company had a trading volume of 566,700 shares, compared to its average volume of 753,442. Berry Global Group has a 12-month low of $47.19 and a 12-month high of $61.71. The stock has a market cap of $7,860.00, a price-to-earnings ratio of 23.62, a P/E/G ratio of 0.88 and a beta of 1.08. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 5.53.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings results on Thursday, November 16th. The industrial products company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. Berry Global Group had a return on equity of 58.69% and a net margin of 4.79%. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the prior year, the company posted $0.61 EPS. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. analysts anticipate that Berry Global Group will post 3.45 EPS for the current year.

Several research firms have commented on BERY. SunTrust Banks upped their price objective on Berry Global Group to $69.00 and gave the company a “buy” rating in a research note on Tuesday, November 21st. Citigroup boosted their target price on Berry Global Group from $68.00 to $71.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. BMO Capital Markets boosted their target price on Berry Global Group from $63.00 to $65.00 and gave the stock a “market perform” rating in a research report on Monday, November 20th. Royal Bank of Canada boosted their target price on Berry Global Group from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Monday, November 20th. Finally, Robert W. Baird boosted their target price on Berry Global Group from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $67.82.

In related news, CFO Mark W. Miles sold 10,000 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $58.54, for a total value of $585,400.00. Following the completion of the sale, the chief financial officer now directly owns 52,916 shares in the company, valued at approximately $3,097,702.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Curt Begle sold 5,440 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $60.03, for a total value of $326,563.20. Following the completion of the sale, the president now owns 5,440 shares of the company’s stock, valued at $326,563.20. The disclosure for this sale can be found here. Insiders sold a total of 44,378 shares of company stock worth $2,648,724 over the last ninety days. Corporate insiders own 3.11% of the company’s stock.

WARNING: “Favorable Press Coverage Somewhat Unlikely to Affect Berry Global Group (BERY) Stock Price” was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.themarketsdaily.com/2018/01/11/favorable-press-coverage-somewhat-unlikely-to-affect-berry-global-group-bery-stock-price.html.

About Berry Global Group

Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.

Insider Buying and Selling by Quarter 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.

Latest News

Leave a Reply