Berry Global Group (NYSE:BERY) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Berry Global Group (NYSE:BERY) in a research note published on Tuesday morning. The firm issued a buy rating on the industrial products company’s stock.

A number of other equities research analysts have also recently issued reports on BERY. Citigroup reissued a “neutral” rating and set a $76.00 target price on shares of Berry Global Group in a report on Monday, November 25th. UBS Group decreased their price objective on Berry Global Group from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, January 10th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $76.00 target price (up previously from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Royal Bank of Canada lifted their target price on Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a report on Thursday, November 21st. Finally, Barclays increased their price target 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. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.30.

Berry Global Group Stock Up 0.2 %

Shares of NYSE:BERY opened at $68.40 on Tuesday. The business has a fifty day moving average price of $67.64 and a two-hundred day moving average price of $67.02. Berry Global Group has a 1 year low of $54.06 and a 1 year high of $73.31. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 0.80. The company has a market capitalization of $7.91 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16.

Berry Global Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Monday, March 3rd. Berry Global Group’s dividend payout ratio (DPR) is 28.25%.

Institutional Investors Weigh In On Berry Global Group

Several hedge funds have recently bought and sold shares of BERY. American Century Companies Inc. increased its holdings in shares of Berry Global Group by 3.9% in the 2nd quarter. American Century Companies Inc. now owns 21,004 shares of the industrial products company’s stock worth $1,236,000 after buying an additional 784 shares during the last quarter. Hsbc Holdings PLC bought a new stake in shares of Berry Global Group during the 2nd quarter worth $381,000. Squarepoint Ops LLC grew its position in Berry Global Group by 134.7% in the second quarter. Squarepoint Ops LLC now owns 72,862 shares of the industrial products company’s stock worth $4,288,000 after acquiring an additional 41,811 shares in the last quarter. Algert Global LLC purchased a new stake in Berry Global Group during the second quarter valued at about $687,000. Finally, Creative Planning raised its holdings in shares of Berry Global Group by 5.9% during the 2nd quarter. Creative Planning now owns 6,629 shares of the industrial products company’s stock valued at $390,000 after buying an additional 372 shares in the last quarter. 95.36% of the stock is currently 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.