Berry Global Group - BERY Stock Forecast, Price & News

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.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Robert W. Baird decreased their price target on Berry Global Group from $83.00 to $73.00 in a research note on Friday, May 6th. Citigroup raised their price target on shares of Berry Global Group to $72.00 in a report on Tuesday. UBS Group reduced their price objective on shares of Berry Global Group from $78.00 to $73.00 in a research note on Wednesday, July 13th. Credit Suisse Group raised shares of Berry Global Group from a "neutral" rating to an "outperform" rating and set a $78.00 target price for the company in a research note on Wednesday, July 20th. Finally, StockNews.com raised shares of Berry Global Group from a "hold" rating to a "buy" rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $73.56.

Berry Global Group Stock Down 0.6 %

Shares of NYSE:BERY traded down $0.31 during trading on Tuesday, hitting $55.88. 14,410 shares of the company traded hands, compared to its average volume of 1,417,947. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 9.88, a P/E/G ratio of 0.75 and a beta of 1.19. The business's fifty day moving average is $55.50 and its 200 day moving average is $57.84. The company has a debt-to-equity ratio of 3.05, a quick ratio of 1.04 and a current ratio of 1.79. Berry Global Group has a fifty-two week low of $50.10 and a fifty-two week high of $74.73.

Berry Global Group (NYSE:BERY - Get Rating) last issued its 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. Berry Global Group had a return on equity of 29.95% and a net margin of 5.16%. The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same period in the previous year, the company posted $1.53 EPS. Equities research analysts predict that Berry Global Group will post 7.37 earnings per share for the current fiscal year.