Shares of Berry Global Group Inc (NYSE:BERY) have received a consensus recommendation of “Hold” from the ten research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $61.57.

Several equities research analysts have recently weighed in on BERY shares. TheStreet lowered Berry Global Group from a “b” rating to a “c+” rating in a research report on Tuesday, July 30th. Bank of America lowered Berry Global Group from a “buy” rating to a “neutral” rating in a research report on Friday, July 12th. Wells Fargo & Co started coverage on Berry Global Group in a research report on Wednesday, July 24th. They set an “outperform” rating and a $65.00 target price on the stock. ValuEngine lowered Berry Global Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. started coverage on Berry Global Group in a research report on Tuesday, July 16th. They set an “overweight” rating and a $63.00 target price on the stock.

Several hedge funds have recently made changes to their positions in the business. Icon Wealth Partners LLC purchased a new stake in shares of Berry Global Group in the first quarter valued at approximately $27,000. Mark Sheptoff Financial Planning LLC boosted its stake in shares of Berry Global Group by 66.7% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 500 shares of the industrial products company’s stock valued at $27,000 after buying an additional 200 shares in the last quarter. Heritage Wealth Advisors purchased a new stake in shares of Berry Global Group in the second quarter valued at approximately $47,000. Private Capital Group LLC boosted its stake in shares of Berry Global Group by 236.5% in the first quarter. Private Capital Group LLC now owns 1,033 shares of the industrial products company’s stock valued at $56,000 after buying an additional 726 shares in the last quarter. Finally, First Interstate Bank boosted its stake in shares of Berry Global Group by 29.6% in the first quarter. First Interstate Bank now owns 1,509 shares of the industrial products company’s stock valued at $81,000 after buying an additional 345 shares in the last quarter. Institutional investors own 95.17% of the company’s stock.

BERY stock traded down $0.23 during mid-day trading on Thursday, reaching $38.97. The company had a trading volume of 1,748,951 shares, compared to its average volume of 1,564,899. 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 company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 1.01 and a beta of 1.17. The firm has a fifty day simple moving average of $49.85 and a 200 day simple moving average of $51.80. Berry Global Group has a fifty-two week low of $38.60 and a fifty-two week high of $59.16.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.10). The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $2.03 billion. Berry Global Group had a net margin of 3.89% and a return on equity of 30.65%. Berry Global Group’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. As a group, analysts predict that Berry Global Group will post 3.5 earnings per share for the current year.

Berry Global Group Company Profile

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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Analyst Recommendations for Berry Global Group (NYSE:BERY)

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