2 weeks Ago By ABMN Staff
Shares of Berry Global Group, Inc. ( NYSE:BERY – Get Free Report ) have received an average recommendation of “Hold” from the twelve ratings firms that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company.
The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $71.82. A number of equities analysts recently weighed in on the stock.
Morgan Stanley assumed coverage on shares of Berry Global Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price target on the stock.
StockNews.com lowered shares of Berry Global Group from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Finally, UBS Group lowered their price target on shares of Berry Global Group from $89.
00 to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. View Our Latest Analysis on Berry Global Group Institutional Investors Weigh In On Berry Global Group Berry Global Group Stock Down 0.
3 % BERY opened at $68.86 on Wednesday. Berry Global Group has a fifty-two week low of $53.
92 and a fifty-two week high of $69.93. The company has a debt-to-equity ratio of 2.
57, a quick ratio of 1.08 and a current ratio of 1.82.
The company has a fifty day moving average of $65.83 and a two-hundred day moving average of $61.69.
The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 1.
20 and a beta of 1.15. Berry Global Group ( NYSE:BERY – Get Free Report ) last released its quarterly earnings data on Friday, August 2nd.
The industrial products company reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.
16. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.
26 billion. Berry Global Group had a net margin of 4.55% and a return on equity of 27.
32%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis.
During the same quarter in the previous year, the company earned $1.90 earnings per share. On average, research analysts expect that Berry Global Group will post 7.
6 earnings per share for the current year. Berry Global Group Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.
275 per share. This represents a $1.10 annualized dividend and a yield of 1.
60%. The ex-dividend date of this dividend was Tuesday, September 3rd. Berry Global Group’s payout ratio is currently 26.
13%. About Berry Global Group ( Get Free Report 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.
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