Berry Global Group, Inc. (NYSE:BERY - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 1,908,179 shares traded hands during trading, an increase of 45% from the previous session's volume of 1,319,596 shares.The stock last traded at $68.56 and had previously closed at $69.62.
Analyst Ratings Changes
A number of research firms have recently issued reports on BERY. StockNews.com started coverage on Berry Global Group in a research note on Saturday, April 26th. They issued a "buy" rating on the stock. Truist Financial decreased their target price 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. Finally, UBS Group lifted their target price on Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Berry Global Group has a consensus rating of "Hold" and a consensus price target of $75.13.
Get Our Latest Stock Report on BERY
Berry Global Group Trading Down 2.8 %
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 stock has a 50-day moving average price of $68.84 and a two-hundred day moving average price of $68.58. The stock has a market cap of $7.84 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.
Berry Global Group (NYSE:BERY - Get Free Report) last issued 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. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The business had revenue of $2.52 billion for the quarter, compared to analysts' expectations of $2.60 billion. During the same period in the prior year, the firm earned $1.95 EPS. The company's revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts forecast that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hohimer Wealth Management LLC increased its position in shares of Berry Global Group by 4.7% during the 1st quarter. Hohimer Wealth Management LLC now owns 6,363 shares of the industrial products company's stock valued at $444,000 after purchasing an additional 287 shares during the last quarter. Signaturefd LLC boosted its stake in Berry Global Group by 204.6% during the first quarter. Signaturefd LLC now owns 1,511 shares of the industrial products company's stock worth $105,000 after buying an additional 1,015 shares during the period. CWM LLC increased its position in Berry Global Group by 5.3% during the first quarter. CWM LLC now owns 9,792 shares of the industrial products company's stock valued at $684,000 after acquiring an additional 492 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Berry Global Group by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 32,400 shares of the industrial products company's stock valued at $2,262,000 after acquiring an additional 600 shares during the period. Finally, Xponance Inc. boosted its stake in shares of Berry Global Group by 3.1% during the 1st quarter. Xponance Inc. now owns 13,964 shares of the industrial products company's stock worth $975,000 after purchasing an additional 418 shares during the period. Hedge funds and other institutional investors own 95.36% of the company's stock.
About Berry Global Group
(
Get Free Report)
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.
Further Reading
Before you consider Berry Global Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Berry Global Group wasn't on the list.
While Berry Global Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
