Berry Global Group (NYSE:BERY) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Berry Global Group (NYSE:BERY - Get Free Report) in a research note issued to investors on Sunday. The brokerage set a "buy" rating on the industrial products company's stock.

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

Berry Global Group Price Performance

BERY stock traded down $1.94 during trading on Friday, hitting $67.69. The stock had a trading volume of 18,809,857 shares, compared to its average volume of 1,399,137. Berry Global Group has a twelve month low of $57.52 and a twelve month high of $74.24. The company's 50-day moving average price is $68.50 and its two-hundred day moving average price is $68.52. 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 market capitalization of $7.84 billion, a P/E ratio of 16.88, a PEG ratio of 1.54 and a beta of 1.14.

Berry Global Group (NYSE:BERY - Get Free Report) last issued 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 return on equity of 28.26% and a net margin of 3.99%. The firm had revenue of $2.52 billion during the quarter, compared to analysts' expectations of $2.60 billion. During the same period in the previous year, the business earned $1.95 earnings per share. The firm's revenue for the quarter was up .0% on a year-over-year basis. As a group, research analysts predict that Berry Global Group will post 6.25 EPS for the current fiscal year.

Institutional Trading of Berry Global Group

Institutional investors have recently made changes to their positions in the company. Bessemer Group Inc. raised its position in 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 during the period. UMB Bank n.a. raised its holdings in Berry Global Group by 89.0% in the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company's stock valued at $42,000 after buying an additional 306 shares during the period. Quadrant Capital Group LLC raised its holdings in Berry Global Group by 28.8% in the 4th quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company's stock valued at $48,000 after buying an additional 165 shares during the period. Steward Partners Investment Advisory LLC lifted its position 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 buying an additional 821 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Berry Global Group by 463.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company's stock worth $69,000 after buying an additional 876 shares during the period. Hedge funds and other 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.