Berry Global Group was the first company the analysts at StockNews.com covered in the research report distributed to clients and investors on Thursday (NYSE: BERY).
The organization has suggested to its members that they “buy” the company’s shares that specialize in industrial products.
On Thursday, February 2, Berry Global Group (NYSE: BERY) announced the release of its most recent quarterly earnings report to the public.
The company that produces goods for the industrial sector reported earnings per share of $1.30 for the quarter, which is $0.03 more than the average projection of $1.27 made by the business.
Berry Global Group had a return on equity of 30.05% and a net margin of 5.37% for the company overall.
The actual revenue for the quarter came in at $3.06 billion, which is lower than the consensus estimate of $3.34 billion for the quarter’s revenue.
Earnings per share for the company were $1.25 during the comparable quarter that occurred the year before. Compared to the sales from the same quarter the previous year, the company’s sales were down by 14.4%.
It is anticipated by professionals in the relevant field that Berry Global Group will generate earnings of $7.43 per share this year.
Thursday marked the first day of trading for BRY shares, and the opening price per share was $55.36. Over the past year, the price of Berry Global Group has fluctuated between $44.52 and $66.21 at various points, reaching a low of $44.52 and a high of $66.21.
The stock’s simple moving average over the past 50 days is $61.20, and its simple moving average over the past 200 days is $56.12, respectively.
The debt-to-equity ratio, the current ratio, and the quick ratio each stand at 1.14, 1.98, and 2.84, respectively.
The stock trades at a price that results in a price-to-earnings ratio of 9.58, a price-to-earnings-to-growth ratio of 0.78, and a beta value of 1.17.
Its market value currently stands at $6.72 billion.
Recently, a variety of analysts have become interested in Bery as a topic of discussion. Robert W.
Baird increased their price target on Berry Global Group shares from $60.00 to $74.00 in a research report published on Friday, February 3.
The report was made public.
Morgan Stanley moved Berry Global Group’s rating up to “overweight” on Tuesday, January 10, in a research report published that same day.
Previously, Berry Global Group had an “equal weight” rating.
In addition, the company’s price target was increased from $55.00 to $60.00, representing a significant increase. Wells Fargo & Company raised their price objective on shares of Berry Global Group from $60.00 to $75.00 in a research report published on Monday, February 6.
The report was made public. UBS Group stated in a research note distributed on Friday, November 25, that the price objective they have set for Berry Global Group shares has increased from $69 to $75.
The new price objective can be found here.
The price objective that Deutsche Bank Aktiengesellschaft has placed on Berry Global Group shares has increased from $70.00 to $75.00 due to a research report published on Friday, February 3.
This marked the third and final time the company increased its price target. Six research analysts are in favor of purchasing shares of the company, while there are only four who are in favor of keeping the holdings that are currently in place.
The average recommendation for the company’s stock is a “Moderate Buy,” The price target that the consensus for the stock has determined is $71.75.
This data was retrieved from the Bloomberg website.
According to reports from other sources relating to Berry Global Group, Chief Financial Officer Mark W.
Miles sold 37,942 shares on Tuesday, March 7.
It was determined that the stock sale occurred at an average price of $61.27 per share, resulting in a total transaction volume of $2,324,706.34.
As a direct result of the transaction, the chief financial officer now owns 47,058 shares in their name.
The value of these shares on the market currently is approximately $2,883,243.66.
If you follow this link, you will be taken to a document submitted to the SEC.
This document contains information about the transaction, and it will open in a new tab or window on your computer.
The company’s executives own 3.30 percent of the total shares of the business.
The recent events have caused several large investors to make adjustments to the amount of the company’s stock that they currently own, which brings us to the following sentence: Berry Global Group shares were added to the portfolio of BerganKDV Wealth Management LLC during the fourth quarter of 2018, resulting in a total investment of approximately $26,000. Wipfli Financial Advisors LLC acquired a new position in Berry Global Group during the third quarter.
The value of this new position is approximately $30,000, according to estimates provided by the company.
American National Bank spent $33,000 making a brand-new investment in the shares of Berry Global Group during the third quarter of 2018.
A brand new investment of $38,000 was made in Berry Global Group by Brown Brothers Harriman & Co during the first three months of 2018. Ronald Blue Trust INC acquired a new holding in Berry Global Group during the second quarter.
The investment was estimated to be worth approximately $40,000 at the time of the acquisition.
Institutional investors and hedge funds collectively own 94.02% of the total number of shares in the company, making them the company’s largest shareholders.