Brokerages Set Berry Global Group Inc (BERY) Target Price at $68.20
Shares of Berry Global Group Inc (NYSE:BERY) have been given an average recommendation of “Buy” by the fourteen brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $68.20.
Several research analysts have issued reports on BERY shares. Zacks Investment Research upgraded shares of Berry Global Group from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Tuesday, October 3rd. Citigroup restated a “buy” rating on shares of Berry Global Group in a report on Thursday, August 31st. BidaskClub lowered shares of Berry Global Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. SunTrust Banks restated a “buy” rating and set a $65.00 price target on shares of Berry Global Group in a report on Monday, October 2nd. Finally, Deutsche Bank raised their price target on shares of Berry Global Group from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, November 17th.
Berry Global Group (NYSE BERY) traded down $0.04 during trading on Friday, reaching $59.43. 843,568 shares of the company’s stock traded hands, compared to its average volume of 1,010,817. The company has a current ratio of 1.77, a quick ratio of 1.10 and a debt-to-equity ratio of 5.53. Berry Global Group has a 52-week low of $47.19 and a 52-week high of $61.36. The company has a market cap of $7,760.44, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 0.86 and a beta of 1.07.
In other news, President Curt Begle sold 5,440 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $60.03, for a total transaction of $326,563.20. Following the completion of the sale, the president now owns 5,440 shares of the company’s stock, valued at approximately $326,563.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Mark W. Miles sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $58.54, for a total transaction of $585,400.00. Following the sale, the chief financial officer now directly owns 52,916 shares of the company’s stock, valued at approximately $3,097,702.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 44,378 shares of company stock valued at $2,648,724. Insiders own 3.11% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of BERY. Acrospire Investment Management LLC grew its position in Berry Global Group by 315.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,107 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 1,600 shares during the period. Tocqueville Asset Management L.P. acquired a new stake in Berry Global Group in the 2nd quarter valued at $228,000. Oakbrook Investments LLC purchased a new position in Berry Global Group during the 3rd quarter worth $246,000. Symphony Asset Management LLC boosted its holdings in Berry Global Group by 4.0% during the 2nd quarter. Symphony Asset Management LLC now owns 7,671 shares of the industrial products company’s stock worth $438,000 after acquiring an additional 295 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC boosted its holdings in Berry Global Group by 6.5% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 9,346 shares of the industrial products company’s stock worth $533,000 after acquiring an additional 572 shares during the last quarter. 95.26% of the stock is owned by institutional investors and hedge funds.
WARNING: This piece was posted by Watch List News and is the property of of Watch List News. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.watchlistnews.com/brokerages-set-berry-global-group-inc-bery-target-price-at-68-20/1773456.html.
Berry Global Group Company Profile
Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.
Receive News & Ratings for Berry Global Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berry Global Group and related companies with MarketBeat.com's FREE daily email newsletter.