Favorable Press Coverage Somewhat Unlikely to Affect Berry Global Group (BERY) Share Price

Media stories about Berry Global Group (NYSE:BERY) have trended positive on Sunday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Berry Global Group earned a news impact score of 0.47 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.2642560775771 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment’s analysis:

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BERY has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Berry Global Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Bank of America upped their price target on shares of Berry Global Group from $73.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. BMO Capital Markets upgraded shares of Berry Global Group from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 24th. Finally, Barclays reduced their price target on shares of Berry Global Group from $71.00 to $70.00 and set an “overweight” rating for the company in a research report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. Berry Global Group currently has an average rating of “Buy” and a consensus price target of $68.00.

Shares of Berry Global Group stock traded down $0.68 during midday trading on Friday, reaching $52.94. 767,776 shares of the company traded hands, compared to its average volume of 1,007,510. Berry Global Group has a one year low of $47.19 and a one year high of $61.71. The stock has a market cap of $6,945.73, a PE ratio of 15.85, a PEG ratio of 0.70 and a beta of 1.04. 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 (NYSE:BERY) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.02. Berry Global Group had a net margin of 6.13% and a return on equity of 47.10%. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the prior year, the company earned $0.50 EPS. Berry Global Group’s revenue was up 18.2% compared to the same quarter last year. research analysts anticipate that Berry Global Group will post 3.79 earnings per share for the current fiscal year.

In other Berry Global Group news, Director Paula A. Sneed acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was bought at an average price of $53.63 per share, with a total value of $53,630.00. Following the purchase, the director now owns 1,050 shares in the company, valued at $56,311.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.00% of the stock is currently owned by corporate insiders.

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Berry Global Group Company Profile

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.

Insider Buying and Selling by Quarter for Berry Global Group (NYSE:BERY)

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