Berry Global Group (NYSE:BERY) Earns Neutral Rating from Citigroup

Berry Global Group (NYSE:BERY)‘s stock had its “neutral” rating reiterated by equities research analysts at Citigroup in a report issued on Monday,Benzinga reports. They presently have a $76.00 price target on the industrial products company’s stock. Citigroup’s target price indicates a potential upside of 5.98% from the stock’s previous close.

BERY has been the topic of several other reports. StockNews.com upgraded shares of Berry Global Group from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Truist Financial reiterated a “hold” rating and set a $72.00 price objective (down from $74.00) on shares of Berry Global Group in a report on Wednesday, November 20th. Morgan Stanley began coverage on shares of Berry Global Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price objective on the stock. 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 report on Thursday. Finally, UBS Group lowered shares of Berry Global Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $82.00 to $75.00 in a report on Friday. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Berry Global Group currently has a consensus rating of “Hold” and an average price target of $72.73.

Berry Global Group Trading Up 1.1 %

Shares of BERY stock opened at $71.71 on Monday. The firm has a market cap of $8.22 billion, a P/E ratio of 16.33, a PEG ratio of 1.40 and a beta of 1.14. Berry Global Group has a 1-year low of $54.06 and a 1-year high of $72.50. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.41 and a quick ratio of 0.26. The firm’s 50-day simple moving average is $68.22 and its 200-day simple moving average is $64.44.

Insider Buying and Selling at Berry Global Group

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 sale, the director now directly owns 30,228 shares in the company, valued at approximately $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 can be accessed through this link. 4.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Berry Global Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. M&T Bank Corp raised its stake in shares of 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 in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Berry Global Group by 1.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,424 shares of the industrial products company’s stock worth $555,000 after acquiring an additional 176 shares in the last quarter. Creative Planning raised its position in Berry Global Group by 3.0% in the third quarter. Creative Planning now owns 6,827 shares of the industrial products company’s stock worth $464,000 after acquiring an additional 198 shares in the last quarter. Guardian Wealth Management Inc. raised its position in Berry Global Group by 1.0% in the second quarter. Guardian Wealth Management Inc. now owns 29,623 shares of the industrial products company’s stock worth $1,743,000 after acquiring an additional 287 shares in the last quarter. Finally, US Bancorp DE raised its position in Berry Global Group by 9.1% in the third quarter. US Bancorp DE now owns 3,725 shares of the industrial products company’s stock worth $253,000 after acquiring an additional 311 shares in 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.