Shares of Berry Global Group, Inc. (NYSE:BERY – Get Rating) have received a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $71.67.
Several equities research analysts have issued reports on BERY shares. StockNews.com upgraded shares of Berry Global Group from a “hold” rating to a “buy” rating in a research report on Monday, May 8th. Truist Financial lowered their target price on Berry Global Group from $70.00 to $69.00 and set a “hold” rating for the company in a research note on Tuesday, April 11th. Royal Bank of Canada boosted their target price on Berry Global Group from $70.00 to $74.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Berry Global Group from $70.00 to $75.00 in a report on Friday, February 3rd. Finally, Wells Fargo & Company increased their price target on Berry Global Group from $68.00 to $75.00 in a research note on Monday, February 6th.
In other Berry Global Group news, CFO Mark W. Miles sold 37,942 shares of the company’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $61.27, for a total value of $2,324,706.34. Following the completion of the transaction, the chief financial officer now owns 47,058 shares in the company, valued at approximately $2,883,243.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.30% of the company’s stock.
Hedge Funds Weigh In On Berry Global Group
Berry Global Group Stock Down 1.0 %
NYSE:BERY opened at $57.46 on Friday. The stock has a 50-day moving average price of $57.63 and a two-hundred day moving average price of $58.23. Berry Global Group has a 1 year low of $44.52 and a 1 year high of $66.21. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 0.78 and a beta of 1.16. The company has a current ratio of 1.95, a quick ratio of 1.15 and a debt-to-equity ratio of 2.82.
Berry Global Group (NYSE:BERY – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The industrial products company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.11. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.47 billion. Berry Global Group had a net margin of 5.34% and a return on equity of 29.37%. The company’s quarterly revenue was down 12.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.93 EPS. As a group, equities analysts expect that Berry Global Group will post 7.4 earnings per share for the current year.
Berry Global Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a $0.25 dividend. The ex-dividend date is Wednesday, May 31st. This represents a $1.00 dividend on an annualized basis and a yield of 1.74%. Berry Global Group’s dividend payout ratio (DPR) is presently 17.54%.
Berry Global Group Company Profile
Berry Global Group, Inc engages in the provision of innovative rigid, flexible, and non-woven products. It operates through the following segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene and Specialties. The Consumer Packaging International segment consists of rigid products that primarily service non-North American markets.
- Get a free copy of the StockNews.com research report on Berry Global Group (BERY)
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