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

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

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

Berry Global Group Trading Up 0.1 %

BERY opened at $67.69 on Monday. The stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 15.42, a P/E/G ratio of 1.38 and a beta of 1.16. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 2.08. Berry Global Group has a twelve month low of $54.06 and a twelve month high of $73.31. The company has a 50-day simple moving average of $67.51 and a 200 day simple moving average of $66.56.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. M&T Bank Corp boosted its stake in Berry Global Group by 3.1% in the third quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company’s stock worth $396,000 after buying an additional 173 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Berry Global Group by 1.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,424 shares of the industrial products company’s stock valued at $555,000 after purchasing an additional 176 shares during the period. Creative Planning boosted its stake in shares of Berry Global Group by 3.0% during the third quarter. Creative Planning now owns 6,827 shares of the industrial products company’s stock valued at $464,000 after purchasing an additional 198 shares during the period. UMB Bank n.a. boosted its stake in shares of Berry Global Group by 89.0% during the fourth quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 306 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Berry Global Group by 9.1% during the third quarter. US Bancorp DE now owns 3,725 shares of the industrial products company’s stock valued at $253,000 after purchasing an additional 311 shares during the period. 95.36% of the stock is currently owned by 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.