Wells Fargo analyst Gabrial Hajde maintained a Buy rating on Berry Global Group (BERY – Research Report) today and set a price target of $64.00. The company’s shares closed yesterday at $56.91.
Hajde covers the Industrials sector, focusing on stocks such as AptarGroup, Crown Holdings, and Sonoco Products. According to TipRanks, Hajde has an average return of 3.1% and a 57.48% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Berry Global Group with a $73.88 average price target, implying a 29.82% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a $83.00 price target.
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Based on Berry Global Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.23 billion and a net profit of $143 million. In comparison, last year the company earned a revenue of $3.73 billion and had a net profit of $207 million
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is neutral on the stock. Most recently, in August 2023, William J. Norman, the President of BERY sold 39,000.00 shares for a total of $2,581,620.00.
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Berry Global Group (BERY) Company Description:
Berry Global Group, Inc. engages in the provision of value added engineered materials, nonwoven specialty materials and consumer packaging with customized solutions. It operates through the following segments: Consumer Packaging International, Consumer Packaging North America, Health, Hygiene & Specialties, and Engineered Materials. The Consumer Packaging International segment consists of containers, closures, dispensing systems, pharmaceutical devices and packaging, polythene films, and technical components. The Consumer Packaging North America segment consists of containers, foodservice items, closures, over caps, bottles, prescription vials, and tubes. The Engineered Materials segment consists of tapes and adhesives, polyethylene-based film products, can liners, and specialty coated and laminated products. The Health, Hygiene & Specialties segment consists of nonwoven specialty materials and films used in hygiene, infection prevention, personal care, industrial, construction, and filtration applications. The company was founded on November 18, 2005 and is headquartered in Evansville, IN.
Read More on BERY:
- Berry Global price target raised to $80 from $75 at BofA
- Berry Global price target lowered to $71 from $72 at Citi
- Berry Global price target lowered to $72 from $80 at Citi
- Berry announces 5-year PPA with ACCIONA Energia to ‘power’ Mexico operations
- Berry Global announces review of strategic alternatives for HH&S segment
