Berry Plastics Group Now Covered by BMO Capital Markets (BERY)
Analysts at BMO Capital Markets initiated coverage on shares of Berry Plastics Group (NASDAQ:BERY) in a research report issued to clients and investors on Wednesday. The firm set a “market perform” rating and a $26.00 price target on the stock. BMO Capital Markets’ target price points to a potential upside of 7.39% from the company’s current price.
Separately, analysts at Bank of America raised their price target on shares of Berry Plastics Group to $29.00 in a research note on Monday, August 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $28.75.
In other Berry Plastics Group news, President Larry Goldstein sold 9,340 shares of the stock on the open market in a transaction dated Thursday, August 21st. The shares were sold at an average price of $24.30, for a total value of $226,962.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Berry Plastics Group (NASDAQ:BERY) traded down 0.12% on Wednesday, hitting $24.21. The stock had a trading volume of 635,208 shares. Berry Plastics Group has a one year low of $18.09 and a one year high of $26.50. The stock’s 50-day moving average is $24.6 and its 200-day moving average is $24.14. The company has a market cap of $2.845 billion and a price-to-earnings ratio of 49.67.
Berry Plastics Group (NASDAQ:BERY) last issued its quarterly earnings data on Friday, August 1st. The company reported $51.00 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $50.63. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. On average, analysts predict that Berry Plastics Group will post $1.34 earnings per share 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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