Berry Plastics Group’s Sell Rating Reaffirmed at Goldman Sachs Group Inc. (BERY)
Berry Plastics Group (NASDAQ:BERY)‘s stock had its “sell” rating restated by Goldman Sachs Group Inc. in a research note issued on Wednesday, Stock Ratings Network.com reports.
BERY has been the subject of a number of other recent research reports. Analysts at Robert W. Baird reiterated an “outperform” rating on shares of Berry Plastics Group (NASDAQ:BERY) in a research note to investors on Tuesday. Separately, 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. Finally, 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.
Two investment analysts have rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $22.15.
Berry Plastics Group (NASDAQ:BERY) traded down 1.10% on Wednesday, hitting $21.63. 327,294 shares of the company’s stock traded hands. Berry Plastics Group has a one year low of $13.12 and a one year high of $26.50. The stock’s 50-day moving average is $23.23 and its 200-day moving average is $21.33. The company has a market cap of $2.494 billion and a price-to-earnings ratio of 46.93.
Berry Plastics Group (NASDAQ:BERY) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters 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 quarterly revenue 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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