Berry Global Group (NYSE:BERY) Now Covered by StockNews.com

StockNews.com started coverage on shares of Berry Global Group (NYSE:BERY) in a research note published on Tuesday. The brokerage issued a buy rating on the industrial products company’s stock.

Several other analysts also recently weighed in on BERY. UBS Group lowered their target price on Berry Global Group from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Citigroup restated a “neutral” rating and set a $76.00 price objective on shares of Berry Global Group in a research note on Monday, November 25th. Royal Bank of Canada upped their target price on Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. reissued an “overweight” rating and set a $76.00 price target (up previously from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. Finally, Barclays upped their price target on shares of Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a report on Wednesday, November 27th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Berry Global Group has a consensus rating of “Hold” and an average price target of $73.30.

Berry Global Group Price Performance

Shares of BERY stock opened at $68.71 on Tuesday. The firm has a fifty day simple moving average of $67.70 and a 200-day simple moving average of $67.00. The company has a market capitalization of $7.95 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16. Berry Global Group has a twelve month low of $54.06 and a twelve month high of $73.31. The company has a current ratio of 1.25, a quick ratio of 0.80 and a debt-to-equity ratio of 2.08.

Institutional Investors Weigh In On Berry Global Group

Institutional investors have recently modified their holdings of the business. UMB Bank n.a. boosted its stake in Berry Global Group by 89.0% in the fourth quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 306 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Berry Global Group in the 3rd quarter worth approximately $75,000. GAMMA Investing LLC boosted its position in Berry Global Group by 332.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,181 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 908 shares during the period. SG Americas Securities LLC bought a new position in Berry Global Group during the 3rd quarter worth $152,000. Finally, Merit Financial Group LLC acquired a new stake in Berry Global Group in the fourth quarter worth $200,000. Institutional investors own 95.36% of the company’s stock.

About Berry Global Group

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.