Berry Global Group (NYSE:BERY) Coverage Initiated by Analysts at StockNews.com

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

A number of other equities analysts also recently issued reports on the company. Truist Financial increased their price objective on Berry Global Group from $72.00 to $74.00 and gave the stock a “hold” rating in a report on Monday, January 6th. Royal Bank of Canada raised their price target on Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. restated an “overweight” rating and set a $76.00 price target (up from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Barclays raised their price target on Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Finally, UBS Group reduced their price target on Berry Global Group from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Friday, January 10th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $73.30.

Berry Global Group Price Performance

BERY opened at $67.69 on Monday. The stock has a fifty day simple moving average of $67.51 and a two-hundred day simple moving average of $66.56. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 2.08. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16. Berry Global Group has a 12-month low of $54.06 and a 12-month high of $73.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BERY. American Century Companies Inc. boosted its position in Berry Global Group by 3.9% in the second quarter. American Century Companies Inc. now owns 21,004 shares of the industrial products company’s stock worth $1,236,000 after purchasing an additional 784 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Berry Global Group by 1.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,424 shares of the industrial products company’s stock valued at $555,000 after buying an additional 176 shares in the last quarter. Hsbc Holdings PLC purchased a new position in shares of Berry Global Group during the 2nd quarter valued at about $381,000. XTX Topco Ltd lifted its position in shares of Berry Global Group by 123.8% during the 2nd quarter. XTX Topco Ltd now owns 10,789 shares of the industrial products company’s stock valued at $635,000 after buying an additional 5,969 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Berry Global Group by 17.6% during the 2nd quarter. Sei Investments Co. now owns 190,114 shares of the industrial products company’s stock valued at $11,188,000 after buying an additional 28,509 shares in the last quarter. 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.