Berry Global Group, Inc. (NYSE:BERY) Receives $75.13 Consensus Target Price from Analysts

Berry Global Group, Inc. (NYSE:BERY) has been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $74.29.

Several research firms have recently issued reports on BERY. UBS Group boosted their price objective on shares of Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. StockNews.com started coverage on Berry Global Group in a research note on Monday. They set a “buy” rating on the stock. Finally, Truist Financial reduced their price objective on Berry Global Group from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Tuesday, April 22nd.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. grew its stake in shares of Berry Global Group by 66.8% in the 1st quarter. Bessemer Group Inc. now owns 507 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 203 shares during the period. UMB Bank n.a. grew its position in Berry Global Group by 89.0% in the fourth quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 306 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Berry Global Group by 1,101.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 685 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 628 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Berry Global Group by 28.8% during the fourth quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 165 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Berry Global Group by 3,569.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 821 shares during the period. Institutional investors and hedge funds own 95.36% of the company’s stock.

Berry Global Group Stock Performance

Shares of NYSE BERY opened at $67.69 on Thursday. Berry Global Group has a 12 month low of $57.52 and a 12 month high of $74.24. The company has a market cap of $7.84 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.54 and a beta of 1.14. The business’s 50 day moving average is $68.37 and its two-hundred day moving average is $68.51. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.03. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.60 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. Berry Global Group’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company posted $1.95 earnings per share. On average, equities analysts expect that Berry Global Group will post 6.25 EPS for the current year.

Berry Global Group Company Profile

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.