Berry Global Group Inc (NYSE:BERY) has received a consensus rating of “Buy” from the twelve brokerages that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $62.57.
A number of brokerages have weighed in on BERY. TheStreet upgraded shares of Berry Global Group from a “c+” rating to a “b” rating in a research report on Monday, November 19th. Zacks Investment Research upgraded shares of Berry Global Group from a “sell” rating to a “hold” rating in a research report on Monday, November 19th. ValuEngine upgraded shares of Berry Global Group from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. Morgan Stanley began coverage on shares of Berry Global Group in a research report on Wednesday, January 16th. They issued an “equal weight” rating and a $53.00 target price on the stock. Finally, Citigroup raised their target price on shares of Berry Global Group from $59.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, January 7th.
NYSE BERY opened at $51.44 on Thursday. Berry Global Group has a 1 year low of $40.50 and a 1 year high of $57.18. The company has a current ratio of 1.87, a quick ratio of 1.06 and a debt-to-equity ratio of 3.92. The company has a market cap of $6.64 billion, a P/E ratio of 15.26, a PEG ratio of 1.29 and a beta of 1.03.
In other Berry Global Group news, EVP Jason K. Greene sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $50.05, for a total value of $500,500.00. Following the sale, the executive vice president now owns 750 shares in the company, valued at $37,537.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in BERY. Meeder Asset Management Inc. bought a new position in shares of Berry Global Group during the fourth quarter valued at $39,000. Cornerstone Advisors Inc. raised its stake in shares of Berry Global Group by 42.6% during the third quarter. Cornerstone Advisors Inc. now owns 900 shares of the industrial products company’s stock valued at $44,000 after acquiring an additional 269 shares during the last quarter. Enlightenment Research LLC bought a new position in shares of Berry Global Group during the fourth quarter valued at $57,000. First Hawaiian Bank bought a new position in shares of Berry Global Group during the third quarter valued at $129,000. Finally, Acadian Asset Management LLC bought a new position in shares of Berry Global Group during the fourth quarter valued at $132,000. 95.26% of the stock is owned by hedge funds and other institutional investors.
About Berry Global Group
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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