Berry Global Group (BERY) – Research Analysts’ Weekly Ratings Updates

A number of research firms have changed their ratings and price targets for Berry Global Group (NYSE: BERY):

• 2/21/2025 – Berry Global Group is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 2/13/2025 – Berry Global Group is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 2/10/2025 – Berry Global Group had its price target raised by analysts at Truist Financial Co. from $74.00 to $76.00. They now have a “hold” rating on the stock.
• 2/7/2025 – Berry Global Group had its price target raised by analysts at UBS Group AG from $72.00 to $73.00. They now have a “neutral” rating on the stock.
• 2/5/2025 – Berry Global Group is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 1/28/2025 – Berry Global Group is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 1/20/2025 – Berry Global Group is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 1/12/2025 – Berry Global Group is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 1/10/2025 – Berry Global Group had its price target lowered by analysts at UBS Group AG from $75.00 to $72.00. They now have a “neutral” rating on the stock.
• 1/6/2025 – Berry Global Group had its price target raised by analysts at Truist Financial Co. from $72.00 to $74.00. They now have a “hold” rating on the stock.
• 1/4/2025 – Berry Global Group is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
• 12/27/2024 – Berry Global Group is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.

Berry Global Group Trading Up 0.9 %

Berry Global Group stock traded up $0.68 during mid-day trading on Tuesday, reaching $72.66. 313,220 shares of the company traded hands, compared to its average volume of 1,373,957. The firm’s 50 day moving average price is $67.67 and its 200 day moving average price is $67.85. Berry Global Group, Inc. has a 52-week low of $55.24 and a 52-week high of $73.31. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 18.12, a P/E/G ratio of 1.54 and a beta of 1.15.

Berry Global Group (NYSE:BERY) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.35 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. Berry Global Group’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.22 earnings per share. On average, analysts anticipate that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Berry Global Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.31 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.24 annualized dividend and a dividend yield of 1.71%. Berry Global Group’s dividend payout ratio is presently 30.92%.

Hedge Funds Weigh In On Berry Global Group

Institutional investors have recently added to or reduced their stakes in the company. Creative Planning increased its holdings in shares of Berry Global Group by 3.0% during the third quarter. Creative Planning now owns 6,827 shares of the industrial products company’s stock valued at $464,000 after acquiring an additional 198 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Berry Global Group by 95.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,280 shares of the industrial products company’s stock valued at $1,039,000 after purchasing an additional 7,447 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Berry Global Group by 3.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 22,962 shares of the industrial products company’s stock valued at $1,560,000 after purchasing an additional 730 shares during the period. Pallas Capital Advisors LLC purchased a new stake in shares of Berry Global Group during the 3rd quarter valued at about $403,000. Finally, Diversify Advisory Services LLC purchased a new position in shares of Berry Global Group in the third quarter worth approximately $278,000. Institutional investors own 95.36% of the company’s stock.

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.