Berry Global Group, Inc. (NYSE:BERY – Get Free Report) has been assigned a consensus rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $74.56.
A number of research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. StockNews.com began coverage on Berry Global Group in a research report on Monday. They set a “buy” rating on the stock. Citigroup reiterated a “neutral” rating and issued a $76.00 price target on shares of Berry Global Group in a research note on Monday, November 25th. UBS Group increased their price target on Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $76.00 price target (up from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th.
Read Our Latest Research Report on Berry Global Group
Institutional Trading of Berry Global Group
Berry Global Group Stock Up 0.8 %
NYSE:BERY opened at $71.07 on Wednesday. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. Berry Global Group has a 1-year low of $55.24 and a 1-year high of $74.24. The company has a 50-day moving average of $69.76 and a 200 day moving average of $68.52. The firm has a market cap of $8.23 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.54 and a beta of 1.13.
Berry Global Group (NYSE:BERY – Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the previous year, the firm posted $1.22 earnings per share. Berry Global Group’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, research analysts anticipate that Berry Global Group will post 6.25 EPS for the current fiscal year.
Berry Global Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Monday, March 3rd. Berry Global Group’s dividend payout ratio (DPR) is 30.92%.
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.
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