Shares of Berry Global Group, Inc. (NYSE:BERY – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday after Truist Financial raised their price target on the stock from $68.00 to $74.00. Truist Financial currently has a hold rating on the stock. Berry Global Group traded as high as $69.94 and last traded at $69.79, with a volume of 41243 shares traded. The stock had previously closed at $69.29.
A number of other equities research analysts have also recently weighed in on the company. StockNews.com cut Berry Global Group from a “buy” rating to a “hold” rating in a report on Friday, October 11th. UBS Group lowered their price target on Berry Global Group from $89.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, Morgan Stanley began coverage on Berry Global Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $72.40.
View Our Latest Analysis on Berry Global Group
Institutional Investors Weigh In On Berry Global Group
Berry Global Group Stock Up 1.0 %
The firm has a fifty day moving average price of $66.49 and a 200-day moving average price of $62.30. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 2.57. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.10 and a beta of 1.15.
Berry Global Group (NYSE:BERY – Get Free Report) last issued its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, topping the consensus estimate of $2.02 by $0.16. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.26 billion. Berry Global Group had a return on equity of 27.32% and a net margin of 4.55%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the company posted $1.90 EPS. As a group, sell-side analysts forecast that Berry Global Group, Inc. will post 7.6 EPS for the current year.
Berry Global Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Tuesday, September 3rd. Berry Global Group’s dividend payout ratio (DPR) is currently 26.13%.
About Berry Global Group
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.
Read More
- Five stocks we like better than Berry Global Group
- The Significance of Brokerage Rankings in Stock Selection
- Goldman Sachs Earnings Reveal Market Moves Investors Can’t Ignore
- Stock Average Calculator
- AMD Gains Momentum With AI: Can It Beat Expectations?
- The Risks of Owning Bonds
- Lithium Grab: 2 Lithium Stocks That Could Be Takeover Targets
Receive News & Ratings for Berry Global Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berry Global Group and related companies with MarketBeat.com's FREE daily email newsletter.