Berry Global Group (NYSE:BERY) Price Target Cut to $72.00 by Analysts at UBS Group

Berry Global Group (NYSE:BERY) had its price target lowered by investment analysts at UBS Group from $75.00 to $72.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the industrial products company’s stock. UBS Group’s price target would indicate a potential upside of 9.59% from the company’s previous close.

Other research analysts have also issued research reports about the company. Barclays boosted their target price on Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. reissued an “overweight” rating and set a $76.00 target price (up from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Truist Financial upped their price target on shares of Berry Global Group from $72.00 to $74.00 and gave the stock a “hold” rating in a research report on Monday. Citigroup restated a “neutral” rating and set a $76.00 price target on shares of Berry Global Group in a report on Monday, November 25th. Finally, Royal Bank of Canada raised their price target on shares of 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. Nine equities 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, the company presently has an average rating of “Hold” and a consensus target price of $73.30.

Berry Global Group Stock Performance

Shares of BERY stock traded down $0.55 on Friday, reaching $65.70. The stock had a trading volume of 623,318 shares, compared to its average volume of 1,112,351. The stock has a market cap of $7.57 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.80 and a current ratio of 1.25. The company has a 50 day simple moving average of $67.67 and a 200 day simple moving average of $66.16. Berry Global Group has a 1 year low of $54.06 and a 1 year high of $73.31.

Insider Transactions at Berry Global Group

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total transaction of $981,820.00. Following the transaction, the director now directly owns 30,228 shares in the company, valued at approximately $2,119,889.64. This represents a 31.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Berry Global Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC grew its position in Berry Global Group by 7.7% in the second quarter. Commonwealth Equity Services LLC now owns 10,459 shares of the industrial products company’s stock valued at $616,000 after acquiring an additional 748 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Berry Global Group by 79.5% during the 2nd quarter. Victory Capital Management Inc. now owns 69,899 shares of the industrial products company’s stock worth $4,114,000 after purchasing an additional 30,949 shares in the last quarter. Savant Capital LLC bought a new stake in shares of Berry Global Group during the 2nd quarter valued at about $573,000. Quest Partners LLC lifted its position in Berry Global Group by 54,800.0% in the 2nd quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock worth $32,000 after buying an additional 548 shares during the last quarter. Finally, AGF Management Ltd. increased its stake in Berry Global Group by 69.4% in the 2nd quarter. AGF Management Ltd. now owns 27,169 shares of the industrial products company’s stock worth $1,599,000 after purchasing an additional 11,127 shares during the period. 95.36% of the stock is owned by institutional investors.

Berry Global Group Company Profile

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.