Berry Plastics Group Stock Rating Reaffirmed by Robert W. Baird (BERY)
Berry Plastics Group (NASDAQ:BERY)‘s stock had its “outperform” rating reiterated by analysts at Robert W. Baird in a research report issued to clients and investors on Tuesday, American Banking and Market News reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Berry Plastics Group (NASDAQ:BERY) from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, August 8th. They now have a $21.90 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Berry Plastics Group (NASDAQ:BERY) from $18.00 to $22.00 in a research note to investors on Tuesday, August 6th. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Berry Plastics Group (NASDAQ:BERY) in a research note to investors on Monday, August 5th. They now have a $25.00 price target on the stock, up previously from $23.00.
One research analyst has rated the stock with a sell rating and nine have issued a buy rating to the stock. Berry Plastics Group currently has an average rating of “Buy” and an average target price of $22.15.
Berry Plastics Group (NASDAQ:BERY) traded down 12.48% on Tuesday, hitting $21.87. The stock had a trading volume of 7,341,065 shares. Berry Plastics Group has a 1-year low of $13.12 and a 1-year high of $26.50. The stock’s 50-day moving average is $23.26 and its 200-day moving average is $21.31. The company has a market cap of $2.522 billion and a P/E ratio of 53.63.
Berry Plastics Group (NASDAQ:BERY) last announced its earnings results on Thursday, August 1st. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.37 by $0.04. The company had revenue of $1.22 million for the quarter, compared to the consensus estimate of $1.25 million. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. Analysts expect that Berry Plastics Group will post $1.07 EPS for the current fiscal year.
Berry Plastics Group, Inc (NASDAQ:BERY) is a provider of plastic consumer packaging and engineered materials.
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