Goldman Sachs Group reiterated their buy rating on shares of Berry Global Group (NYSE:BERY) in a report issued on Thursday morning, The Fly reports. The firm currently has a $52.00 target price on the industrial products company’s stock.
A number of other analysts have also recently commented on BERY. Wells Fargo & Co initiated coverage on Berry Global Group in a research report on Wednesday, July 24th. They issued an outperform rating and a $65.00 price objective for the company. ValuEngine downgraded Berry Global Group from a hold rating to a sell rating in a research report on Wednesday, July 31st. TheStreet downgraded Berry Global Group from a b rating to a c+ rating in a research report on Tuesday, July 30th. Bank of America downgraded Berry Global Group from a buy rating to a neutral rating in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. initiated coverage on Berry Global Group in a research report on Tuesday, July 16th. They issued an overweight rating and a $63.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Berry Global Group has an average rating of Buy and a consensus target price of $60.38.
Shares of NYSE BERY traded down $0.60 during mid-day trading on Thursday, hitting $40.41. The stock had a trading volume of 7,517 shares, compared to its average volume of 2,133,605. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.14 and a current ratio of 1.88. The business has a 50 day moving average price of $48.05 and a two-hundred day moving average price of $51.43. The firm has a market cap of $5.38 billion, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 0.97 and a beta of 1.17. Berry Global Group has a 1 year low of $38.60 and a 1 year high of $59.16.
Several large investors have recently made changes to their positions in BERY. NumerixS Investment Technologies Inc purchased a new position in shares of Berry Global Group in the first quarter worth $162,000. JPMorgan Chase & Co. grew its stake in Berry Global Group by 685.1% in the first quarter. JPMorgan Chase & Co. now owns 1,125,757 shares of the industrial products company’s stock valued at $60,644,000 after purchasing an additional 982,361 shares during the last quarter. Sustainable Insight Capital Management LLC purchased a new position in Berry Global Group in the first quarter valued at about $760,000. Marshall Wace North America L.P. grew its stake in Berry Global Group by 4.8% in the first quarter. Marshall Wace North America L.P. now owns 3,521,401 shares of the industrial products company’s stock valued at $189,697,000 after purchasing an additional 162,244 shares during the last quarter. Finally, Moors & Cabot Inc. purchased a new position in Berry Global Group in the first quarter valued at about $254,000. Institutional investors own 94.09% of the company’s stock.
About Berry Global Group
Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. The Engineered Materials segment 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, flashing and seaming tapes, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes; and food and consumer films, retail bags, and polyvinyl chloride films.
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