KeyCorp assumed coverage on shares of Berry Plastics Group Inc. (NYSE:BERY) in a research report sent to investors on Wednesday. The firm issued a sector weight rating on the stock.

Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Berry Plastics Group from a strong-buy rating to a hold rating in a report on Tuesday, October 11th. BMO Capital Markets increased their price target on Berry Plastics Group from $37.00 to $43.00 and gave the stock a market perform rating in a report on Friday, August 26th. Credit Suisse Group AG increased their price target on Berry Plastics Group from $48.00 to $52.00 and gave the stock an outperform rating in a report on Friday, August 12th. Jefferies Group increased their price target on Berry Plastics Group from $52.00 to $59.00 and gave the stock a buy rating in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on Berry Plastics Group from $54.00 to $58.00 and gave the stock an overweight rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $52.54.

Analyst Recommendations for Berry Plastics Group (NYSE:BERY)

Berry Plastics Group (NYSE:BERY) opened at 49.77 on Wednesday. Berry Plastics Group has a 52 week low of $27.79 and a 52 week high of $47.26. The company has a market capitalization of $6.05 billion, a P/E ratio of 29.77 and a beta of 1.07. The stock’s 50 day moving average price is $44.81 and its 200 day moving average price is $42.17.

Berry Plastics Group (NYSE:BERY) last announced its earnings results on Tuesday, November 29th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.59 by $0.14. Berry Plastics Group had a return on equity of 660.12% and a net margin of 3.64%. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the company earned $0.50 EPS. The firm’s revenue for the quarter was up 35.3% compared to the same quarter last year. Analysts anticipate that Berry Plastics Group will post $2.35 earnings per share for the current year.

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Several hedge funds have recently modified their holdings of the stock. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Berry Plastics Group during the second quarter valued at $7,083,000. SignalPoint Asset Management LLC raised its position in shares of Berry Plastics Group by 6.9% in the second quarter. SignalPoint Asset Management LLC now owns 15,432 shares of the company’s stock valued at $600,000 after buying an additional 991 shares during the period. Pyrrho Capital Management LP purchased a new position in shares of Berry Plastics Group during the second quarter valued at $1,185,000. Insight Capital Research & Management Inc. purchased a new position in shares of Berry Plastics Group during the second quarter valued at $2,974,000. Finally, Boston Advisors LLC purchased a new position in shares of Berry Plastics Group during the second quarter valued at $5,263,000.

About Berry Plastics Group

Berry Plastics Group, Inc is a provider of plastic consumer packaging and engineered materials. The Company offers a range of products, including specialty closures, prescription vials, specialty films, adhesives, corrosion protection materials, as well as drink cups, thin-wall containers and bottles.

5 Day Chart for NYSE:BERY

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