In a report released on January 10, Arun Viswanathan from RBC Capital maintained a Buy rating on Berry Global Group (BERY – Research Report), with a price target of $81.00. The company’s shares closed yesterday at $66.28.
According to TipRanks, Viswanathan is a 5-star analyst with an average return of 6.2% and a 60.65% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as LyondellBasell, PPG Industries, and Quaker Chemical.
In addition to RBC Capital, Berry Global Group also received a Buy from Wells Fargo’s Gabrial Hajde in a report issued yesterday. However, on December 27, Mizuho Securities assigned a Hold rating to Berry Global Group (NYSE: BERY).
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BERY market cap is currently $7.73B and has a P/E ratio of 13.48.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BERY in relation to earlier this year. Last month, James Till, the Controller of BERY sold 32,000.00 shares for a total of $2,120,184.53.
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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 $82 from $74 at Truist
- Berry Global price target raised to $74 from $66 at Mizuho
- Berry Global price target raised to $77 from $72 at Wells Fargo
- Berry Global price target raised to $74 from $73 at Truist
- Berry Global price target lowered to $74 from $78 at RBC Capital
