Shares of Berry Global Group Inc (NYSE:BERY) have been given an average rating of “Buy” by the sixteen brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $66.30.

Several analysts recently commented on BERY shares. Zacks Investment Research upgraded Berry Global Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 24th. ValuEngine cut Berry Global Group from a “sell” rating to a “strong sell” rating in a research report on Friday, June 1st. KeyCorp restated a “hold” rating on shares of Berry Global Group in a research report on Friday, August 3rd. Finally, Cfra restated a “buy” rating and issued a $57.00 target price on shares of Berry Global Group in a research report on Thursday, September 6th.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Canyon Capital Advisors LLC increased its position in shares of Berry Global Group by 22.9% during the 2nd quarter. Canyon Capital Advisors LLC now owns 7,910,280 shares of the industrial products company’s stock valued at $363,398,000 after purchasing an additional 1,471,850 shares during the period. BlackRock Inc. increased its position in shares of Berry Global Group by 1.9% during the 2nd quarter. BlackRock Inc. now owns 5,502,126 shares of the industrial products company’s stock valued at $252,768,000 after purchasing an additional 104,660 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Berry Global Group by 3.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,665,390 shares of the industrial products company’s stock valued at $168,387,000 after purchasing an additional 116,232 shares during the period. Millennium Management LLC increased its position in shares of Berry Global Group by 18.6% during the 1st quarter. Millennium Management LLC now owns 1,943,440 shares of the industrial products company’s stock valued at $106,520,000 after purchasing an additional 304,292 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Berry Global Group by 8.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,614,487 shares of the industrial products company’s stock valued at $74,170,000 after purchasing an additional 130,530 shares during the period. Hedge funds and other institutional investors own 93.92% of the company’s stock.

Shares of NYSE BERY opened at $49.94 on Monday. The company has a market capitalization of $6.41 billion, a P/E ratio of 16.27, a P/E/G ratio of 0.72 and a beta of 1.05. Berry Global Group has a 12-month low of $45.24 and a 12-month high of $61.71. The company has a debt-to-equity ratio of 4.41, a quick ratio of 1.19 and a current ratio of 2.01.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings results on Friday, August 3rd. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.09). Berry Global Group had a return on equity of 35.88% and a net margin of 6.15%. The company had revenue of $2.07 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the business posted $0.93 EPS. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. research analysts forecast that Berry Global Group will post 3.36 earnings per share for the current year.

About Berry Global Group

Berry Global Group, Inc manufactures and distributes engineered materials, nonwoven specialty materials, and consumer packaging products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. It offers engineered materials, including stretch and shrink films, and converter films; trash-can liners and food bags; cloth and foil, splicing and laminating, flame-retardant, vinyl-coated and carton sealing, electrical, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes; and food and consumer films, retail bags, and polyvinyl chloride films.

Further Reading: Price to Earnings Ratio (PE) Basics

Analyst Recommendations for Berry Global Group (NYSE:BERY)

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