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

StockNews.com began coverage on shares of Berry Global Group (NYSE:BERY - Free Report) in a research note released on Saturday morning. The brokerage issued a buy rating on the industrial products company's stock.

Other analysts also recently issued research reports about the company. UBS Group upped their price target on Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Truist Financial lowered their price target on Berry Global Group from $76.00 to $71.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $75.13.

Berry Global Group Stock Down 2.8 %

NYSE:BERY traded down $1.94 during mid-day trading on Friday, reaching $67.69. The stock had a trading volume of 18,809,857 shares, compared to its average volume of 1,394,257. The stock has a market cap of $7.84 billion, a P/E ratio of 16.88, a PEG ratio of 1.54 and a beta of 1.14. The business's 50 day moving average is $68.94 and its 200 day moving average is $68.59. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. Berry Global Group has a fifty-two week low of $57.52 and a fifty-two week high of $74.24.

Berry Global Group (NYSE:BERY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.52 by $0.03. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the business posted $1.95 EPS. Berry Global Group's quarterly revenue was up .0% on a year-over-year basis. As a group, sell-side analysts predict that Berry Global Group will post 6.25 earnings per share for the current year.

Hedge Funds Weigh In On Berry Global Group

Several large investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its stake in shares of Berry Global Group by 66.8% in the first 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 in the last quarter. UMB Bank n.a. lifted its holdings in shares of Berry Global Group by 89.0% during the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company's stock worth $42,000 after acquiring an additional 306 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Berry Global Group by 28.8% during the 4th quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company's stock valued at $48,000 after acquiring an additional 165 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Berry Global Group by 3,569.6% in 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. Finally, Venturi Wealth Management LLC grew its stake in shares of Berry Global Group by 463.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company's stock valued at $69,000 after purchasing an additional 876 shares during the period. Institutional investors and hedge funds own 95.36% of the company's stock.

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.