Shares of Berry Global Group Inc (NYSE:BERY) have earned a consensus recommendation of “Buy” from the sixteen brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $66.30.
BERY has been the subject of a number of recent research reports. ValuEngine raised shares of Berry Global Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 13th. Cfra reissued a “buy” rating and set a $57.00 price target on shares of Berry Global Group in a research note on Thursday, September 6th. Zacks Investment Research raised shares of Berry Global Group from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. Finally, KeyCorp reissued a “hold” rating on shares of Berry Global Group in a research note on Friday, August 3rd.
Shares of BERY traded down $0.15 on Friday, reaching $42.74. 759,700 shares of the company’s stock were exchanged, compared to its average volume of 1,312,288. The company has a debt-to-equity ratio of 4.41, a current ratio of 2.01 and a quick ratio of 1.19. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 0.58 and a beta of 1.12. Berry Global Group has a 12 month low of $42.38 and a 12 month high of $61.71.
A number of hedge funds and other institutional investors have recently modified their holdings of BERY. Canyon Capital Advisors LLC grew its holdings 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 purchasing an additional 1,471,850 shares during the period. Park West Asset Management LLC acquired a new position in Berry Global Group during the first quarter valued at approximately $50,481,000. Millennium Management LLC grew its holdings in Berry Global Group by 18.6% during the first quarter. Millennium Management LLC now owns 1,943,440 shares of the industrial products company’s stock valued at $106,520,000 after purchasing an additional 304,292 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings 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 purchasing an additional 295,950 shares during the period. Finally, Epoch Investment Partners Inc. grew its holdings in Berry Global Group by 31.1% during the second quarter. Epoch Investment Partners Inc. now owns 1,174,486 shares of the industrial products company’s stock valued at $53,955,000 after purchasing an additional 278,522 shares during the period. Hedge funds and other institutional investors own 93.90% of the company’s stock.
About Berry Global Group
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.
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