StockNews.com Begins Coverage on Berry Global Group (NYSE:BERY)

Research analysts at StockNews.com began coverage on shares of Berry Global Group (NYSE:BERY) in a note issued to investors on Sunday. The firm set a “buy” rating on the industrial products company’s stock.

A number of other research analysts also recently weighed in on BERY. Truist Financial upped their target price on Berry Global Group from $72.00 to $74.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Barclays upped their price target on Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Citigroup reissued a “neutral” rating and set a $76.00 price objective on shares of Berry Global Group in a research report on Monday, November 25th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $76.00 target price (up from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. Finally, UBS Group lowered their price target on shares of Berry Global Group from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Friday. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $73.30.

Berry Global Group Price Performance

Shares of NYSE BERY opened at $66.10 on Friday. Berry Global Group has a 1 year low of $54.06 and a 1 year high of $73.31. The stock has a market capitalization of $7.61 billion, a P/E ratio of 15.06, a P/E/G ratio of 1.38 and a beta of 1.16. The company’s 50-day moving average is $67.56 and its 200 day moving average is $66.27. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 0.80.

Institutional Investors Weigh In On Berry Global Group

Several institutional investors and hedge funds have recently made changes to their positions in BERY. Geode Capital Management LLC boosted its stake in Berry Global Group by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company’s stock valued at $134,806,000 after purchasing an additional 27,437 shares during the last quarter. Hancock Whitney Corp bought a new position in shares of Berry Global Group during the third quarter valued at $1,065,000. Integrated Investment Consultants LLC bought a new position in shares of Berry Global Group during the third quarter valued at $714,000. Allspring Global Investments Holdings LLC boosted its position in shares of Berry Global Group by 4.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 835,334 shares of the industrial products company’s stock valued at $56,786,000 after buying an additional 37,242 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its holdings in Berry Global Group by 370.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 114,868 shares of the industrial products company’s stock worth $6,760,000 after buying an additional 90,428 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.

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.