Berry Global Group (BERY) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Berry Global Group (NYSE: BERY) in the last few weeks:

  • 2/12/2018 – Berry Global Group had its price target lowered by analysts at Barclays PLC from $71.00 to $70.00. They now have an “overweight” rating on the stock.
  • 2/8/2018 – Berry Global Group had its price target raised by analysts at Bank of America Corp from $73.00 to $74.00. They now have a “buy” rating on the stock.
  • 2/8/2018 – Berry Global Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Berry Global Group, Inc. is a manufacturer and marketer of value-added plastic consumer packaging and engineered materials. The Company’s products include engineered materials, non-woven specialty materials and consumer packaging. Berry Global Group, Inc., formerly known as Berry Plastics Group, Inc., is headquartered in Evansville, Indiana. “
  • 2/6/2018 – Berry Global Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $63.00 price target on the stock. According to Zacks, “Berry Global Group, Inc. is a manufacturer and marketer of value-added plastic consumer packaging and engineered materials. The Company’s products include engineered materials, non-woven specialty materials and consumer packaging. Berry Global Group, Inc., formerly known as Berry Plastics Group, Inc., is headquartered in Evansville, Indiana. “
  • 2/2/2018 – Berry Global Group was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Berry Global Group, Inc. is a manufacturer and marketer of value-added plastic consumer packaging and engineered materials. The Company’s products include engineered materials, non-woven specialty materials and consumer packaging. Berry Global Group, Inc., formerly known as Berry Plastics Group, Inc., is headquartered in Evansville, Indiana. “
  • 1/31/2018 – Berry Global Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $66.00 price target on the stock. According to Zacks, “Berry Global Group, Inc. is a manufacturer and marketer of value-added plastic consumer packaging and engineered materials. The Company’s products include engineered materials, non-woven specialty materials and consumer packaging. Berry Global Group, Inc., formerly known as Berry Plastics Group, Inc., is headquartered in Evansville, Indiana. “
  • 1/24/2018 – Berry Global Group was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating.
  • 1/17/2018 – Berry Global Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Berry Global Group, Inc. is a manufacturer and marketer of value-added plastic consumer packaging and engineered materials. The Company’s products include engineered materials, non-woven specialty materials and consumer packaging. Berry Global Group, Inc., formerly known as Berry Plastics Group, Inc., is headquartered in Evansville, Indiana. “

Shares of Berry Global Group Inc (NYSE:BERY) traded up $0.46 during mid-day trading on Monday, reaching $54.79. The company’s stock had a trading volume of 1,423,299 shares, compared to its average volume of 1,165,710. 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 Inc 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 P/E ratio of 16.40, a P/E/G ratio of 0.73 and a beta of 0.99.

Berry Global Group (NYSE:BERY) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.02. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.79 billion. Berry Global Group had a return on equity of 47.10% and a net margin of 6.13%. Berry Global Group’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 earnings per share. analysts anticipate that Berry Global Group Inc will post 3.73 earnings per share for the current fiscal year.

In other news, CFO Mark W. Miles sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $58.54, for a total transaction of $585,400.00. Following the completion of the transaction, the chief financial officer now directly owns 52,916 shares in the company, valued at $3,097,702.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.00% of the company’s stock.

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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