NYSE:BERY

Berry Global Group - BERY Stock Forecast, Price & News

$61.22

+0.78 (+1.29%)

(As of 08/16/2022 12:00 AM ET)

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Today's Range: $60.02
▼
$61.50
50-Day Range: $51.02
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$61.22
52-Week Range: $50.10
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$74.73

Volume: 880,700 shs
Average Volume: 1.54 million shs
Market Capitalization: $8.28 billion

P/E Ratio: 10.95
Dividend Yield: N/A
Price Target: $73.56

Berry Global Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.70 Rating Score
Upside/Downside: 20.1% Upside
$73.56 Price Target
Short Interest: Healthy
1.89% of Float Sold Short
Dividend Strength: N/A
Sustainability: -3.86
Upright™ Environmental Score
News Sentiment: 0.37
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 8.81%
From $7.38 to $8.03 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.51 out of 5 stars

Industrial Products Sector

51st out of 189 stocks

Plastics Products, Not Elsewhere Classified Industry

5th out of 12 stocks

2.4

Analyst's Opinion

Consensus Rating
Berry Global Group has received a consensus rating of Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $73.56, Berry Global Group has a forecasted upside of 20.1% from its current price of $61.22.
Amount of Analyst Coverage
Berry Global Group has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.89% of the float of Berry Global Group has been sold short.
Short Interest Ratio / Days to Cover
Berry Global Group has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Berry Global Group has recently decreased by 15.46%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Berry Global Group does not currently pay a dividend.
Dividend Growth
Berry Global Group does not have a long track record of dividend growth.

0.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Berry Global Group has received a -57.47% net impact score from Upright. The largest negative impact of Berry Global in category "GHG emissions" seems to be driven mostly by its "Adhesive sealants", "Plastic consumer electronics packages", "Plastic garments packages", "Plastic lids", and "Plastic cosmetics packages" products. See details.
Environmental Sustainability
The Environmental Impact score for Berry Global Group is -3.86.

3.0

News and Social Media Coverage

News Sentiment
Berry Global Group has a news sentiment score of 0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.51 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Berry Global Group this week, compared to 2 articles on an average week.
Search Interest
7 people have searched for BERY on MarketBeat in the last 30 days. This is an increase of 133% compared to the previous 30 days.
MarketBeat Follows
4 people have added Berry Global Group to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Berry Global Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.70% of the stock of Berry Global Group is held by insiders.
Percentage Held by Institutions
95.74% of the stock of Berry Global Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Berry Global Group are expected to grow by 8.81% in the coming year, from $7.38 to $8.03 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Berry Global Group is 10.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.08.
Price to Earnings Ratio vs. Sector
The P/E ratio of Berry Global Group is 10.95, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 29.84.
Price to Earnings Growth Ratio
Berry Global Group has a PEG Ratio of 0.81. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Berry Global Group has a P/B Ratio of 2.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Berry Global Group (NYSE:BERY) Stock

Berry Global Group, Inc. manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments. The Consumer Packaging International segment offers closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, containers, and technical components. The Consumer Packaging North America segment provides containers and pails, foodservice products, closures and overcaps, bottles and prescription vials, and tubes. The Engineered Materials segment offers stretch and shrink, converter, food and consumer, and agriculture films, as well as institutional can liners and retail bags. The Health, Hygiene & Specialties segment provides healthcare, hygiene, specialties, and tapes. Berry Global Group, Inc. sells its products through direct sales force of professionals and distributors in the United States, Canada, Europe, and internationally. The company was formerly known as Berry Plastics Group, Inc. and changed its name to Berry Global Group, Inc. in April 2017. Berry Global Group, Inc. was founded in 1967 and is based in Evansville, Indiana.

Berry Global Group Stock Up 1.3 %

BERY Stock traded up $0.78 during trading on Tuesday, hitting $61.22. 880,700 shares of the company's stock traded hands, compared to its average volume of 1,036,617. The firm has a market capitalization of $8.28 billion, a P/E ratio of 10.81, a PEG ratio of 0.81 and a beta of 1.19. The business has a fifty day simple moving average of $55.47 and a two-hundred day simple moving average of $57.54. The company has a quick ratio of 1.04, a current ratio of 1.79 and a debt-to-equity ratio of 3.05. Berry Global Group has a 1 year low of $50.10 and a 1 year high of $74.73.

Berry Global Group (NYSE:BERY - Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The industrial products company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.09. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.82 billion. Berry Global Group had a net margin of 5.16% and a return on equity of 29.95%. During the same period last year, the company posted $1.53 earnings per share. Sell-side analysts anticipate that Berry Global Group will post 7.38 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on BERY. Citigroup increased their price objective on shares of Berry Global Group to $72.00 in a report on Tuesday, August 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Berry Global Group from $71.00 to $69.00 in a report on Monday, May 9th. StockNews.com raised shares of Berry Global Group from a "hold" rating to a "buy" rating in a report on Friday, August 5th. Credit Suisse Group raised shares of Berry Global Group from a "neutral" rating to an "outperform" rating and set a $78.00 price target for the company in a report on Wednesday, July 20th. Finally, Mizuho lowered their price target on shares of Berry Global Group from $70.00 to $69.00 and set a "neutral" rating for the company in a report on Thursday, August 4th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $73.56.

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BERY Stock News Headlines

August 17, 2022 | americanbankingnews.com

Berry Global Group, Inc. (NYSE:BERY) Receives $73.56 Average Target Price from Analysts

August 15, 2022 | americanbankingnews.com

Berry Global Group, Inc. (NYSE:BERY) Receives $73.56 Average Target Price from Brokerages

August 8, 2022 | americanbankingnews.com

Berry Global Group (NYSE:BERY) Lifted to Buy at StockNews.com

August 7, 2022 | americanbankingnews.com

Berry Global Group (NYSE:BERY) PT Lowered to $69.00 at Mizuho

August 7, 2022 | americanbankingnews.com

Berry Global Group, Inc. Expected to Post FY2022 Earnings of $7.36 Per Share (NYSE:BERY)

August 6, 2022 | americanbankingnews.com

Berry Global Group (NYSE:BERY) PT Lowered to $70.00

August 5, 2022 | finance.yahoo.com

Berry Global (BERY) Q3 Earnings Top Estimates, Revenues Miss

August 4, 2022 | americanbankingnews.com

Berry Global Group (NYSE:BERY) Trading Down 4.8%

August 3, 2022 | seekingalpha.com

Berry Global Group, Inc. (BERY) CEO Thomas Salmon on Q3 2022 Results - Earnings Call Transcript

August 3, 2022 | nasdaq.com

Returns On Capital At Berry Global Group (NYSE:BERY) Have Hit The Brakes

August 3, 2022 | finance.yahoo.com

Berry Global (BERY) Tops Q3 Earnings Estimates

July 26, 2022 | finance.yahoo.com

Graphic Packaging (GPK) Q2 Earnings and Revenues Top Estimates

July 23, 2022 | americanbankingnews.com

Berry Global Group, Inc. (NYSE:BERY) Given Consensus Rating of "Moderate Buy" by Brokerages

July 20, 2022 | finance.yahoo.com

Berry Global Group, Inc. to Report Third Fiscal Quarter 2022 Results and Host Conference Call

July 20, 2022 | markets.businessinsider.com

7 Analysts Have This to Say About Berry Global Group

July 19, 2022 | finance.yahoo.com

Berry Helps Tchibo Coffee Switch to Coffee Capsules Made from Renewable Materials

July 6, 2022 | finance.yahoo.com

McCormick® Introduces 100% Recycled Plastic Food Color Bottle from Berry Global

June 27, 2022 | finance.yahoo.com

Berry Global (BERY) Surges 6.1%: Is This an Indication of Further Gains?

June 24, 2022 | finance.yahoo.com

Is Berry Global Group (BERY) a Great Stock for Value Investors?

June 20, 2022 | finance.yahoo.com

The one-year underlying earnings growth at Berry Global Group (NYSE:BERY) is promising, but the shareholders are still in the red over that time

June 3, 2022 | stocknews.com

Berry Global Group: Buy or Sell?

May 30, 2022 | theglobeandmail.com

Instrument Name Berry Global Group Instrument Symbol (BERY-N)

May 18, 2022 | finance.yahoo.com

Berry Global ESG Transparency, Performance Recognized in 100 Best Corporate Citizens Ranking

May 15, 2022 | finance.yahoo.com

Is Berry Global Group, Inc.'s (NYSE:BERY) 23% ROE Better Than Average?

May 13, 2022 | finance.yahoo.com

Berry Global Commits to Reducing Scope 3 Emissions by 25% by 2025

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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BERY Company Calendar

Last Earnings: 8/03/2022
Today: 8/16/2022
Fiscal Year End: 9/30/2022
Next Earnings (Estimated): 11/17/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Plastics products, not elsewhere classified
Sub-Industry: Metal & Glass Containers
Sector: Industrial Products
Current Symbol: NYSE:BERY
CUSIP: 08579W10
CIK: 1378992
Web: www.berryglobal.com
Phone: (812) 424-2904
Fax: 812-424-0128
Employees: 47,000
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $73.56
High Stock Price Forecast: $79.00
Low Stock Price Forecast: $69.00
Forecasted Upside/Downside: +20.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.70
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $5.59
Trailing P/E Ratio: 10.95
Forward P/E Ratio: 8.30
P/E Growth: 0.82
Net Income: $733 million
Net Margins: 5.16%
Pretax Margin: 6.16%
Return on Equity: 29.95%
Return on Assets: 5.55%

Debt

Debt-to-Equity Ratio: 3.05
Current Ratio: 1.79
Quick Ratio: 1.04

Sales & Book Value

Annual Sales: $13.85 billion
Price / Sales: 0.60
Cash Flow: $13.85 per share
Price / Cash Flow: 4.42
Book Value: $22.98 per share
Price / Book: 2.66

Miscellaneous

Outstanding Shares: 135,300,000
Free Float: 131,647,000
Market Cap: $8.28 billion
Optionable: Optionable
Beta: 1.19

Key Executives

Mr. Thomas E. Salmon (Age 59)
CEO & Chairman
Comp: $3.24M
Mr. Mark W. Miles (Age 51)
Chief Financial Officer
Comp: $1.37M
Mr. Jason K. Greene (Age 52)
Exec. VP, Chief Legal Officer & Sec.
Comp: $1.18M
Mr. Curtis L. Begle (Age 47)
Pres of Health, Hygiene & Specialties Division
Comp: $1.38M
Mr. Jean-Marc Galvez (Age 55)
Pres of Consumer Packaging - International Division
Comp: $1.59M
Mr. Rodgers Greenawalt
Exec. VP of Operations
Ms. Debbie Garrison
Exec. VP & Chief Information Officer
Dustin Stilwell
Head of Investor Relations
Mr. Jeff Bennett
Exec. VP & Chief HR Officer
Mr. William J. Norman (Age 51)
Pres of Consumer Packaging North America Division

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BERY Stock - Frequently Asked Questions

Should I buy or sell Berry Global Group stock right now?: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Berry Global Group in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" BERY shares.
View BERY analyst ratings or view top-rated stocks.
What is Berry Global Group's stock price forecast for 2022?: 10 analysts have issued 1 year price targets for Berry Global Group's shares. Their BERY share price forecasts range from $69.00 to $79.00. On average, they expect the company's stock price to reach $73.56 in the next twelve months. This suggests a possible upside of 20.1% from the stock's current price.
View analysts price targets for BERY or view top-rated stocks among Wall Street analysts.
How have BERY shares performed in 2022?: Berry Global Group's stock was trading at $73.78 on January 1st, 2022. Since then, BERY stock has decreased by 17.0% and is now trading at $61.22.
View the best growth stocks for 2022 here.
Are investors shorting Berry Global Group?: Berry Global Group saw a decline in short interest in July. As of July 31st, there was short interest totaling 2,460,000 shares, a decline of 15.5% from the July 15th total of 2,910,000 shares. Based on an average daily trading volume, of 1,170,000 shares, the short-interest ratio is presently 2.1 days. Approximately 1.9% of the shares of the stock are sold short.
View Berry Global Group's Short Interest.
When is Berry Global Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 17th 2022.
View our BERY earnings forecast.
How were Berry Global Group's earnings last quarter?: Berry Global Group, Inc. (NYSE:BERY) posted its quarterly earnings results on Wednesday, August, 3rd. The industrial products company reported $2.03 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.09. The industrial products company earned $3.73 billion during the quarter, compared to analysts' expectations of $3.82 billion. Berry Global Group had a net margin of 5.16% and a trailing twelve-month return on equity of 29.95%. During the same quarter in the prior year, the firm posted $1.53 earnings per share.
What guidance has Berry Global Group issued on next quarter's earnings?: Berry Global Group issued an update on its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided EPS guidance of $7.40-$7.40 for the period, compared to the consensus estimate of $7.24. The company issued revenue guidance of -.

What is Tom Salmon's approval rating as Berry Global Group's CEO?: 107 employees have rated Berry Global Group Chief Executive Officer Tom Salmon on Glassdoor.com. Tom Salmon has an approval rating of 74% among the company's employees.
What other stocks do shareholders of Berry Global Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Berry Global Group investors own include NVIDIA (NVDA), Walt Disney (DIS), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Home Depot (HD), Procter & Gamble (PG), Bristol-Myers Squibb (BMY), CVS Health (CVS) and Alibaba Group (BABA).
What is Berry Global Group's stock symbol?: Berry Global Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "BERY."
Who are Berry Global Group's major shareholders?: Berry Global Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Turtle Creek Asset Management Inc. (4.82%), Ontario Teachers Pension Plan Board (2.73%), Massachusetts Financial Services Co. MA (2.54%), FMR LLC (2.38%), Canyon Capital Advisors LLC (2.04%) and Macquarie Group Ltd. (1.97%). Insiders that own company stock include Carl J Rickertsen, Curt Begle, Jason K Greene, Mark W Miles and William J Norman.
View institutional ownership trends.
How do I buy shares of Berry Global Group?: Shares of BERY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Berry Global Group's stock price today?: One share of BERY stock can currently be purchased for approximately $61.22.
How much money does Berry Global Group make?: Berry Global Group (NYSE:BERY) has a market capitalization of $8.28 billion and generates $13.85 billion in revenue each year. The industrial products company earns $733 million in net income (profit) each year or $5.59 on an earnings per share basis.
How many employees does Berry Global Group have?: The company employs 47,000 workers across the globe.
How can I contact Berry Global Group?: Berry Global Group's mailing address is 101 OAKLEY STREET PO BOX 959, EVANSVILLE IN, 47710. The official website for the company is www.berryglobal.com. The industrial products company can be reached via phone at (812) 424-2904, via email at ir@berryglobal.com, or via fax at 812-424-0128.

This page (NYSE:BERY) was last updated on 8/17/2022 by MarketBeat.com Staff

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Berry Global Group - BERY Stock Forecast, Price & News

Berry Global Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability