Berry Global Group, Inc. (NYSE:BERY – Get Free Report) has received an average rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $71.22.
Several equities analysts recently weighed in on the stock. Truist Financial increased their price target on shares of Berry Global Group from $68.00 to $74.00 and gave the company a “hold” rating in a research report on Tuesday, October 15th. Morgan Stanley started coverage on shares of Berry Global Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price objective on the stock. StockNews.com downgraded shares of Berry Global Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, UBS Group dropped their price objective on shares of Berry Global Group from $89.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th.
View Our Latest Report on BERY
Insider Transactions at Berry Global Group
Institutional Investors Weigh In On Berry Global Group
A number of institutional investors and hedge funds have recently bought and sold shares of BERY. Quadrature Capital Ltd purchased a new stake in Berry Global Group in the fourth quarter valued at approximately $500,000. First Hawaiian Bank grew its position in Berry Global Group by 11.2% during the first quarter. First Hawaiian Bank now owns 3,725 shares of the industrial products company’s stock valued at $225,000 after acquiring an additional 376 shares during the last quarter. Thompson Investment Management Inc. grew its position in Berry Global Group by 74.0% during the first quarter. Thompson Investment Management Inc. now owns 109,047 shares of the industrial products company’s stock valued at $6,595,000 after acquiring an additional 46,379 shares during the last quarter. Sound Income Strategies LLC grew its position in Berry Global Group by 44.0% during the first quarter. Sound Income Strategies LLC now owns 54,682 shares of the industrial products company’s stock valued at $3,307,000 after acquiring an additional 16,716 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Berry Global Group by 3.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,885 shares of the industrial products company’s stock valued at $1,021,000 after acquiring an additional 487 shares during the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.
Berry Global Group Price Performance
BERY opened at $67.97 on Friday. The firm has a market cap of $7.78 billion, a P/E ratio of 16.14, a PEG ratio of 1.10 and a beta of 1.15. The firm has a 50-day moving average of $67.52 and a 200 day moving average of $62.88. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.08 and a current ratio of 1.82. Berry Global Group has a fifty-two week low of $53.92 and a fifty-two week high of $70.86.
Berry Global Group (NYSE:BERY – Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.16. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.26 billion. Berry Global Group had a net margin of 4.55% and a return on equity of 27.32%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.90 earnings per share. On average, research analysts expect that Berry Global Group will post 7.6 EPS for the current year.
Berry Global Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Tuesday, September 3rd. Berry Global Group’s payout ratio is 26.13%.
About Berry Global Group
Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.
Read More
- Five stocks we like better than Berry Global Group
- How to Invest in Biotech Stocks
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- What is the NASDAQ Stock Exchange?
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for Berry Global Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berry Global Group and related companies with MarketBeat.com's FREE daily email newsletter.