Berry Global Group (NYSE:BERY) Earns Buy Rating from Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Berry Global Group (NYSE:BERY) in a research report issued on Friday. The brokerage set a “buy” rating on the industrial products company’s stock.

A number of other brokerages have also recently weighed in on BERY. Barclays raised their price objective on shares of Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Morgan Stanley began coverage on Berry Global Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price objective for the company. Royal Bank of Canada upped their target price on shares of Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a report on Thursday, November 21st. UBS Group lowered shares of Berry Global Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $82.00 to $75.00 in a research report on Friday, November 22nd. Finally, Truist Financial restated a “hold” rating and set a $72.00 target price (down previously from $74.00) on shares of Berry Global Group in a research report on Wednesday, November 20th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $73.40.

Berry Global Group Price Performance

Berry Global Group stock opened at $65.07 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 2.08. The firm’s 50-day simple moving average is $68.62 and its 200 day simple moving average is $65.80. Berry Global Group has a 52 week low of $54.06 and a 52 week high of $73.31. The firm has a market capitalization of $7.50 billion, a PE ratio of 14.82, a P/E/G ratio of 1.38 and a beta of 1.14.

Insider Transactions at Berry Global Group

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the business’s 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 transaction, the director now owns 30,228 shares in the company, valued at $2,119,889.64. The trade was a 31.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Berry Global Group

Large investors have recently modified their holdings of the stock. Altshuler Shaham Ltd purchased a new position in Berry Global Group in the 2nd quarter worth approximately $27,000. Quest Partners LLC lifted its position in shares of Berry Global Group by 54,800.0% during the second quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 548 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Berry Global Group in the second quarter valued at $42,000. Capital Performance Advisors LLP acquired a new stake in Berry Global Group during the 3rd quarter valued at $75,000. Finally, GAMMA Investing LLC increased its stake in Berry Global Group by 332.6% during the 3rd 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. Institutional investors and hedge funds own 95.36% of the company’s stock.

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.