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

Equities researchers at StockNews.com initiated coverage on shares of Berry Global Group (NYSE:BERY) in a research report issued to clients and investors on Saturday. The firm set a “buy” rating on the industrial products company’s stock.

Several other research firms have also recently issued reports on BERY. Citigroup reissued a “neutral” rating and issued a $76.00 target price on shares of Berry Global Group in a research note on Monday, November 25th. Truist Financial restated a “hold” rating and issued a $72.00 price objective (down from $74.00) on shares of Berry Global Group in a report on Wednesday, November 20th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $76.00 price objective (up previously from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. Royal Bank of Canada increased their price target on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 21st. Finally, UBS Group lowered shares of Berry Global Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $82.00 to $75.00 in a research note on Friday, November 22nd. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $73.40.

Berry Global Group Stock Down 0.4 %

BERY opened at $64.35 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 2.08. Berry Global Group has a 12 month low of $54.06 and a 12 month high of $73.31. The business’s 50-day moving average price is $68.01 and its 200-day moving average price is $66.05. The company has a market cap of $7.41 billion, a P/E ratio of 14.66, a P/E/G ratio of 1.38 and a beta of 1.16.

Insider Activity

In related news, Director Evan Bayh sold 14,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total transaction of $981,820.00. Following the completion of the sale, the director now owns 30,228 shares in the company, valued at approximately $2,119,889.64. This trade represents a 31.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Berry Global Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Altshuler Shaham Ltd bought a new position in Berry Global Group during the second quarter valued at approximately $27,000. Quest Partners LLC grew its holdings in shares of Berry Global Group by 54,800.0% in the second quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 548 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Berry Global Group in the second quarter worth $42,000. Capital Performance Advisors LLP purchased a new stake in shares of Berry Global Group during the 3rd quarter valued at about $75,000. Finally, GAMMA Investing LLC boosted its stake in Berry Global Group by 332.6% during the third quarter. GAMMA Investing LLC now owns 1,181 shares of the industrial products company’s stock worth $80,000 after buying an additional 908 shares during the period. 95.36% of the stock is owned by hedge funds and other institutional investors.

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.