Berry Global Group (NYSE:BERY) had its target price decreased by research analysts at Barclays from $71.00 to $70.00 in a research note issued on Monday. The brokerage currently has an “overweight” rating on the industrial products company’s stock. Barclays’ price target would suggest a potential upside of 27.64% from the stock’s current price.
Other analysts have also issued reports about the company. Zacks Investment Research raised Berry Global Group from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a report on Wednesday, January 31st. BidaskClub lowered Berry Global Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Bank of America raised their price objective on Berry Global Group from $73.00 to $74.00 and gave the company a “buy” rating in a report on Thursday. BMO Capital Markets raised Berry Global Group from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 24th. Finally, Royal Bank of Canada raised their price objective on Berry Global Group from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $68.17.
Berry Global Group (NYSE:BERY) traded up $0.51 during trading on Monday, reaching $54.84. The company had a trading volume of 1,388,719 shares, compared to its average volume of 1,164,589. The company has a debt-to-equity ratio of 4.69, a quick ratio of 0.96 and a current ratio of 1.72. Berry Global Group has a 12-month low of $47.19 and a 12-month high of $61.71. The firm has a market capitalization of $7,120.00, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 0.73 and a beta of 0.99.
In other news, CFO Mark W. Miles sold 10,000 shares of Berry Global Group stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $58.54, for a total value of $585,400.00. Following the sale, the chief financial officer now directly owns 52,916 shares of the company’s stock, valued at $3,097,702.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.00% of the company’s stock.
A number of institutional investors have recently made changes to their positions in BERY. Raymond James Financial Services Advisors Inc. lifted its position in Berry Global Group by 17.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 9,701 shares of the industrial products company’s stock worth $553,000 after buying an additional 1,415 shares in the last quarter. Nomura Holdings Inc. lifted its position in Berry Global Group by 154.3% during the second quarter. Nomura Holdings Inc. now owns 19,069 shares of the industrial products company’s stock worth $1,090,000 after buying an additional 11,569 shares in the last quarter. Quotient Investors LLC lifted its position in Berry Global Group by 4.7% during the third quarter. Quotient Investors LLC now owns 22,100 shares of the industrial products company’s stock worth $1,252,000 after buying an additional 1,000 shares in the last quarter. Tributary Capital Management LLC lifted its position in Berry Global Group by 99.1% during the third quarter. Tributary Capital Management LLC now owns 22,300 shares of the industrial products company’s stock worth $1,263,000 after buying an additional 11,100 shares in the last quarter. Finally, Oakbrook Investments LLC purchased a new position in Berry Global Group during the third quarter worth approximately $246,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.
About Berry Global Group
Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.
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