Berry Global Group (NYSE:BERY) Now Covered by StockNews.com

Research analysts at StockNews.com began coverage on shares of Berry Global Group (NYSE:BERY) in a report released on Tuesday. The brokerage set a “buy” rating on the industrial products company’s stock.

Several other equities analysts also recently commented on BERY. UBS Group decreased their price objective on shares of Berry Global Group from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Citigroup reiterated a “neutral” rating and issued a $76.00 price objective on shares of Berry Global Group in a report on Monday, November 25th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $76.00 price objective (up from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Royal Bank of Canada upped their price objective on shares of Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a report on Thursday, November 21st. Finally, Barclays upped their price objective on shares of Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.30.

Berry Global Group Price Performance

Shares of BERY opened at $68.37 on Tuesday. Berry Global Group has a 1-year low of $54.06 and a 1-year high of $73.31. The company has a market cap of $7.91 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 1.44 and a beta of 1.16. The company’s fifty day simple moving average is $67.69 and its 200 day simple moving average is $67.01. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 2.08.

Institutional Investors Weigh In On Berry Global Group

Institutional investors and hedge funds have recently bought and sold shares of the company. UMB Bank n.a. lifted its position in Berry Global Group by 89.0% during the fourth quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 306 shares during the period. Capital Performance Advisors LLP bought a new stake in Berry Global Group during the third quarter worth about $75,000. GAMMA Investing LLC lifted its position in Berry Global Group by 332.6% during the third quarter. GAMMA Investing LLC now owns 1,181 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 908 shares during the period. SG Americas Securities LLC bought a new position in shares of Berry Global Group in the third quarter worth about $152,000. Finally, Townsquare Capital LLC bought a new position in shares of Berry Global Group in the third quarter worth about $201,000. 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.