Berry Global Group (NYSE:BERY) Given New $73.00 Price Target at UBS Group

Berry Global Group (NYSE:BERY) had its target price raised by UBS Group from $72.00 to $73.00 in a report released on Friday,Benzinga reports. The firm currently has a “neutral” rating on the industrial products company’s stock. UBS Group’s price objective would suggest a potential upside of 4.51% from the stock’s previous close.

Several other equities research analysts also recently issued reports on BERY. Barclays upped their price target on Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $76.00 price objective (up previously from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Truist Financial increased their price target on shares of Berry Global Group from $72.00 to $74.00 and gave the company a “hold” rating in a research report on Monday, January 6th. Citigroup restated a “neutral” rating and issued a $76.00 target price on shares of Berry Global Group in a research note on Monday, November 25th. Finally, StockNews.com began coverage on shares of Berry Global Group in a report on Wednesday. They issued a “buy” rating for the company. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $73.40.

Berry Global Group Trading Down 0.2 %

Shares of Berry Global Group stock traded down $0.15 during trading on Friday, hitting $69.85. The company’s stock had a trading volume of 177,464 shares, compared to its average volume of 1,354,459. The stock has a 50-day moving average price of $67.43 and a two-hundred day moving average price of $67.22. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 0.80. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 1.45 and a beta of 1.15. Berry Global Group has a 52 week low of $55.01 and a 52 week high of $73.31.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. Berry Global Group had a return on equity of 26.32% and a net margin of 4.21%. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period last year, the company posted $1.22 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts anticipate that Berry Global Group will post 6.31 EPS for the current fiscal year.

Institutional Trading of Berry Global Group

Large investors have recently made changes to their positions in the stock. UMB Bank n.a. grew its position in Berry Global Group by 89.0% during the fourth quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock valued at $42,000 after buying an additional 306 shares during the period. Steward Partners Investment Advisory LLC lifted its position in shares of Berry Global Group by 3,569.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 821 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Berry Global Group by 463.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 876 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Berry Global Group during the third quarter valued at $75,000. Finally, GAMMA Investing LLC increased its holdings in shares of Berry Global Group by 332.6% in the third quarter. GAMMA Investing LLC now owns 1,181 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 908 shares during the last quarter. 95.36% of the stock is currently owned by institutional investors.

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.