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

Berry Global Group (NYSE:BERY) had its price objective boosted by UBS Group from $72.00 to $73.00 in a research report report published on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the industrial products company’s stock.

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

Berry Global Group Trading Down 0.1 %

BERY stock opened at $69.94 on Friday. Berry Global Group has a 12 month low of $55.01 and a 12 month high of $73.31. The firm’s 50-day moving average is $67.43 and its 200 day moving average is $67.22. The company has a market capitalization of $8.09 billion, a PE ratio of 15.93, a P/E/G ratio of 1.45 and a beta of 1.15. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 0.80.

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

Berry Global Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.31 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.77%. Berry Global Group’s payout ratio is 28.25%.

Institutional Investors Weigh In On Berry Global Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning increased its stake in shares of Berry Global Group by 5.9% in the second quarter. Creative Planning now owns 6,629 shares of the industrial products company’s stock worth $390,000 after acquiring an additional 372 shares during the period. SG Americas Securities LLC acquired a new position in shares of Berry Global Group during the 3rd quarter worth about $152,000. Handelsbanken Fonder AB lifted its stake in Berry Global Group by 13.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 28,560 shares of the industrial products company’s stock valued at $1,942,000 after buying an additional 3,400 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Berry Global Group by 332.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,181 shares of the industrial products company’s stock worth $80,000 after buying an additional 908 shares during the last quarter. Finally, CWM LLC increased its stake in Berry Global Group by 340.0% during the 3rd quarter. CWM LLC now owns 8,843 shares of the industrial products company’s stock worth $601,000 after buying an additional 6,833 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

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.