Berry Global Group (NYSE:BERY) Stock Rating Upgraded by StockNews.com

Berry Global Group (NYSE:BERY) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other brokerages have also commented on BERY. Truist Financial upped their price objective on shares of Berry Global Group from $68.00 to $74.00 and gave the stock a “hold” rating in a report on Tuesday, October 15th. Morgan Stanley assumed coverage on shares of Berry Global Group in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $71.22.

Berry Global Group Stock Up 0.6 %

NYSE:BERY traded up $0.42 on Friday, hitting $66.75. The stock had a trading volume of 845,608 shares, compared to its average volume of 985,109. The company has a market cap of $7.65 billion, a PE ratio of 14.26, a P/E/G ratio of 1.10 and a beta of 1.14. Berry Global Group has a 52 week low of $54.06 and a 52 week high of $71.63. The business’s fifty day moving average is $67.90 and its 200 day moving average is $64.03. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 2.57.

Insiders Place Their Bets

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total value of $981,820.00. Following the completion of the sale, the director now directly owns 30,228 shares of the company’s stock, valued at $2,119,889.64. This trade represents a 31.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BERY. M&T Bank Corp lifted its holdings in Berry Global Group by 3.1% during the third quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company’s stock valued at $396,000 after purchasing an additional 173 shares during the last quarter. Guardian Wealth Management Inc. lifted its stake in shares of Berry Global Group by 1.2% during the 3rd quarter. Guardian Wealth Management Inc. now owns 29,990 shares of the industrial products company’s stock valued at $2,039,000 after buying an additional 367 shares in the last quarter. Barclays PLC boosted its holdings in Berry Global Group by 87.1% in the 3rd quarter. Barclays PLC now owns 101,956 shares of the industrial products company’s stock worth $6,931,000 after buying an additional 47,476 shares during the period. Public Employees Retirement System of Ohio grew its stake in Berry Global Group by 8.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 55,785 shares of the industrial products company’s stock valued at $3,792,000 after buying an additional 4,458 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Berry Global Group during the 3rd quarter valued at $440,000. 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.