Shares of Berry Global Group, Inc. (NYSE:BERY – Get Free Report) have been assigned a consensus recommendation of “Hold” from the twelve research firms that are covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $71.82.
BERY has been the topic of a number of recent research reports. UBS Group lowered their target price on Berry Global Group from $89.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. StockNews.com cut shares of Berry Global Group from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Finally, Morgan Stanley initiated coverage on shares of Berry Global Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 price objective on the stock.
Read Our Latest Research Report on BERY
Institutional Investors Weigh In On Berry Global Group
Berry Global Group Stock Up 1.0 %
BERY opened at $68.44 on Wednesday. The stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 1.16 and a beta of 1.15. The firm has a 50 day moving average price of $65.52 and a 200-day moving average price of $61.54. Berry Global Group has a twelve month low of $53.92 and a twelve month high of $69.93. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 2.57.
Berry Global Group (NYSE:BERY – Get Free Report) last announced its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.16. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.26 billion. Berry Global Group had a net margin of 4.55% and a return on equity of 27.32%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.90 EPS. Equities research analysts forecast that Berry Global Group will post 7.6 earnings per share for the current year.
Berry Global Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Tuesday, September 3rd. Berry Global Group’s dividend payout ratio (DPR) is 26.13%.
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.
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