Shares of Berry Global Group Inc (NYSE:BERY) have received a consensus rating of “Buy” from the fifteen research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $68.27.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Berry Global Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Barclays reduced their price objective on Berry Global Group from $71.00 to $70.00 and set an “overweight” rating on the stock in a research report on Monday, February 12th. Bank of America increased their price objective on Berry Global Group from $73.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, BMO Capital Markets upgraded Berry Global Group from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 24th.
In related news, Director Paula A. Sneed bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was bought at an average cost of $53.63 per share, for a total transaction of $53,630.00. Following the acquisition, the director now directly owns 1,050 shares of the company’s stock, valued at approximately $56,311.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.00% of the company’s stock.
Berry Global Group (NYSE:BERY) opened at $52.94 on Monday. The company has a current ratio of 1.72, a quick ratio of 0.96 and a debt-to-equity ratio of 4.69. The company has a market capitalization of $6,945.73, a PE ratio of 15.85, a PEG ratio of 0.70 and a beta of 1.04. Berry Global Group has a 1 year low of $47.19 and a 1 year high of $61.71.
Berry Global Group (NYSE:BERY) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.65 by $0.02. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. Berry Global Group had a return on equity of 47.10% and a net margin of 6.13%. The company’s revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 EPS. sell-side analysts anticipate that Berry Global Group will post 3.79 earnings per share for the current fiscal year.
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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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