Truist Financial Forecasts Strong Price Appreciation for Berry Global Group (NYSE:BERY) Stock

Berry Global Group (NYSE:BERY) had its price target increased by equities research analysts at Truist Financial from $72.00 to $74.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “hold” rating on the industrial products company’s stock. Truist Financial’s price objective indicates a potential upside of 12.07% from the stock’s current price.

Several other equities analysts have also recently weighed in on BERY. Citigroup reissued a “neutral” rating and issued a $76.00 target price on shares of Berry Global Group in a research note on Monday, November 25th. Royal Bank of Canada boosted their price objective on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 21st. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $76.00 target price (up from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. StockNews.com began coverage on Berry Global Group in a research report on Saturday. They set a “buy” rating on the stock. Finally, UBS Group cut Berry Global Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $82.00 to $75.00 in a research report on Friday, November 22nd. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $73.60.

Berry Global Group Stock Performance

Shares of NYSE BERY opened at $66.03 on Monday. 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 stock has a 50 day moving average price of $67.84 and a 200 day moving average price of $66.16. The stock has a market capitalization of $7.61 billion, a PE ratio of 15.04, a price-to-earnings-growth ratio of 1.38 and a beta of 1.16. Berry Global Group has a 52 week low of $54.06 and a 52 week high of $73.31.

Insider Buying and Selling at Berry Global Group

In other news, Director Evan Bayh sold 14,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total transaction of $981,820.00. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Berry Global Group

Institutional investors and hedge funds have recently bought and sold shares of the company. M&T Bank Corp lifted its holdings in shares of Berry Global Group by 3.1% during the 3rd quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company’s stock worth $396,000 after acquiring an additional 173 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Berry Global Group by 1.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,424 shares of the industrial products company’s stock valued at $555,000 after purchasing an additional 176 shares in the last quarter. Creative Planning increased its stake in shares of Berry Global Group by 3.0% in the 3rd quarter. Creative Planning now owns 6,827 shares of the industrial products company’s stock valued at $464,000 after purchasing an additional 198 shares during the last quarter. Guardian Wealth Management Inc. raised its holdings in shares of Berry Global Group by 1.0% during the 2nd quarter. Guardian Wealth Management Inc. now owns 29,623 shares of the industrial products company’s stock worth $1,743,000 after buying an additional 287 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Berry Global Group by 9.1% during the 3rd quarter. US Bancorp DE now owns 3,725 shares of the industrial products company’s stock worth $253,000 after buying an additional 311 shares during the last quarter. 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.