Berry Global Group, Inc. (NYSE:BERY – Get Free Report) has received a consensus recommendation of “Hold” from the twelve research firms that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $71.82.
A number of research firms have issued reports on BERY. UBS Group dropped their price target on Berry Global Group from $89.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. StockNews.com downgraded shares of Berry Global Group from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Finally, Morgan Stanley began coverage on Berry Global Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price objective for the company.
Read Our Latest Report on Berry Global Group
Institutional Inflows and Outflows
Berry Global Group Stock Down 1.4 %
Shares of BERY opened at $67.06 on Wednesday. The company has a market capitalization of $7.67 billion, a P/E ratio of 15.93, a PEG ratio of 1.20 and a beta of 1.15. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.82 and a quick ratio of 1.08. The business’s 50 day simple moving average is $65.93 and its 200-day simple moving average is $61.76. Berry Global Group has a one year low of $53.92 and a one year high of $69.93.
Berry Global Group (NYSE:BERY – Get Free Report) last issued its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the company earned $1.90 earnings per share. As a group, sell-side analysts predict that Berry Global Group will post 7.6 EPS for the current fiscal year.
Berry Global Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend was Tuesday, September 3rd. Berry Global Group’s dividend payout ratio is presently 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.
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