Berry Global Group (BERY) Upgraded by TheStreet to B
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.
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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