Berry Global Group (NYSE:BERY) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b” rating in a research note issued on Monday.

Several other research firms have also commented on BERY. ValuEngine lowered shares of Berry Global Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 9th. Zacks Investment Research upgraded shares of Berry Global Group from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. Cfra reiterated a “buy” rating and issued a $57.00 price objective on shares of Berry Global Group in a research report on Thursday, September 6th. KeyCorp reiterated a “hold” rating on shares of Berry Global Group in a research report on Friday, August 3rd. Finally, Citigroup boosted their price objective on shares of Berry Global Group from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $64.25.

Berry Global Group stock opened at $49.32 on Monday. Berry Global Group has a 52 week low of $40.50 and a 52 week high of $61.71. The company has a debt-to-equity ratio of 4.05, a quick ratio of 1.19 and a current ratio of 1.85. The stock has a market capitalization of $6.55 billion, a P/E ratio of 14.64, a price-to-earnings-growth ratio of 0.66 and a beta of 1.20.

Berry Global Group (NYSE:BERY) last released its quarterly earnings data on Thursday, November 15th. The industrial products company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.88 by $0.02. Berry Global Group had a net margin of 6.30% and a return on equity of 34.77%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. Analysts forecast that Berry Global Group will post 3.78 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC purchased a new position in Berry Global Group in the 2nd quarter valued at about $105,000. First Hawaiian Bank purchased a new position in Berry Global Group in the 3rd quarter valued at about $129,000. Nisa Investment Advisors LLC purchased a new position in Berry Global Group in the 3rd quarter valued at about $145,000. Fuller & Thaler Asset Management Inc. lifted its holdings in Berry Global Group by 61.9% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 3,400 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Atria Investments LLC purchased a new position in Berry Global Group in the 2nd quarter valued at about $212,000. Institutional investors own 90.54% of the company’s stock.

About Berry Global Group

Berry Global Group, Inc manufactures and distributes engineered materials, nonwoven specialty materials, and consumer packaging products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. It offers engineered materials, including stretch and shrink films, and converter films; trash-can liners and food bags; cloth and foil, splicing and laminating, flame-retardant, vinyl-coated and carton sealing, electrical, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes; and food and consumer films, retail bags, and polyvinyl chloride films.

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Analyst Recommendations for Berry Global Group (NYSE:BERY)

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