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

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

Several other research analysts have also commented on BERY. Truist Financial lifted their target price on Berry Global Group from $74.00 to $76.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. UBS Group boosted their target price on shares of Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $75.75.

Berry Global Group Trading Up 1.2 %

BERY opened at $67.60 on Friday. Berry Global Group has a 12-month low of $55.68 and a 12-month high of $74.24. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. The stock has a market capitalization of $7.83 billion, a PE ratio of 16.86, a P/E/G ratio of 1.54 and a beta of 1.14. The firm’s fifty day moving average price is $69.52 and its 200 day moving average price is $68.51.

Berry Global Group (NYSE:BERY) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.22 EPS. As a group, research analysts expect that Berry Global Group will post 6.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Berry Global Group

Several institutional investors have recently modified their holdings of BERY. Barclays PLC boosted its stake in Berry Global Group by 87.1% during the 3rd quarter. Barclays PLC now owns 101,956 shares of the industrial products company’s stock valued at $6,931,000 after purchasing an additional 47,476 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Berry Global Group during the third quarter valued at approximately $389,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Berry Global Group during the third quarter worth approximately $463,000. Tidal Investments LLC grew its holdings in Berry Global Group by 71.0% in the 3rd quarter. Tidal Investments LLC now owns 31,325 shares of the industrial products company’s stock worth $2,129,000 after buying an additional 13,004 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in Berry Global Group by 1.2% in the 3rd quarter. Franklin Resources Inc. now owns 313,329 shares of the industrial products company’s stock valued at $21,711,000 after acquiring an additional 3,744 shares during the period. Institutional investors own 95.36% of the company’s stock.

Berry Global Group Company Profile

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.