Berry Global Group, Inc. (NYSE:BERY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Berry Global Group, Inc. (NYSE:BERY) have earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $74.29.

Several research firms recently commented on BERY. Wall Street Zen assumed coverage on shares of Berry Global Group in a research note on Tuesday, May 20th. They set a “buy” rating for the company. Truist Financial dropped their target price on Berry Global Group from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd.

Berry Global Group Stock Down 2.8%

Shares of NYSE:BERY opened at $67.69 on Friday. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. Berry Global Group has a 1-year low of $57.80 and a 1-year high of $74.24. The company’s fifty day moving average is $67.82 and its two-hundred day moving average is $68.14. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61.

Berry Global Group (NYSE:BERY) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period in the previous year, the business posted $1.95 EPS. Berry Global Group’s revenue was up .0% on a year-over-year basis. Equities analysts anticipate that Berry Global Group will post 6.25 EPS for the current year.

Institutional Investors Weigh In On Berry Global Group

A number of hedge funds and other institutional investors have recently bought and sold shares of BERY. Fuller & Thaler Asset Management Inc. lifted its position in Berry Global Group by 3.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 4,828,146 shares of the industrial products company’s stock valued at $337,053,000 after purchasing an additional 155,597 shares during the period. Millennium Management LLC lifted its holdings in Berry Global Group by 212.5% during the first quarter. Millennium Management LLC now owns 2,478,953 shares of the industrial products company’s stock worth $173,056,000 after acquiring an additional 1,685,736 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Berry Global Group by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,989,350 shares of the industrial products company’s stock valued at $128,691,000 after purchasing an additional 6,833 shares during the period. Khrom Capital Management LLC boosted its holdings in shares of Berry Global Group by 2.7% in the first quarter. Khrom Capital Management LLC now owns 1,673,633 shares of the industrial products company’s stock valued at $116,836,000 after buying an additional 43,626 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new position in Berry Global Group in the 4th quarter worth $105,092,000. 95.36% of the stock is owned by institutional investors and hedge funds.

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.