Berry Global Group (NYSE:BERY) Given “Overweight” Rating at JPMorgan Chase & Co.

Berry Global Group (NYSE:BERY)‘s stock had its “overweight” rating reiterated by research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday, Marketbeat.com reports. They presently have a $76.00 target price on the industrial products company’s stock, up from their previous target price of $70.00. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 7.45% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Citigroup reaffirmed a “neutral” rating and issued a $76.00 price objective on shares of Berry Global Group in a research note on Monday. Morgan Stanley began coverage on Berry Global Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price target on the stock. StockNews.com raised Berry Global Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Truist Financial reissued a “hold” rating and issued a $72.00 price target (down from $74.00) on shares of Berry Global Group in a research report on Wednesday, November 20th. Finally, Royal Bank of Canada boosted their price objective on shares of Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a research report on Thursday, November 21st. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Berry Global Group presently has an average rating of “Hold” and a consensus target price of $72.73.

Berry Global Group Price Performance

NYSE BERY opened at $70.73 on Monday. Berry Global Group has a 1 year low of $54.06 and a 1 year high of $73.31. The stock’s 50-day moving average price is $68.30 and its two-hundred day moving average price is $64.53. The company has a market cap of $8.11 billion, a PE ratio of 16.05, a PEG ratio of 1.40 and a beta of 1.14. The company has a current ratio of 0.41, a quick ratio of 0.26 and a debt-to-equity ratio of 2.57.

Insiders Place Their Bets

In other news, Director Evan Bayh sold 14,000 shares of Berry Global Group stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total value of $981,820.00. Following the transaction, the director now directly owns 30,228 shares in the company, valued at approximately $2,119,889.64. The trade was a 31.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BERY. M&T Bank Corp increased its holdings in shares of Berry Global Group by 3.1% during the 3rd quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company’s stock worth $396,000 after purchasing an additional 173 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Berry Global Group by 1.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,424 shares of the industrial products company’s stock valued at $555,000 after acquiring an additional 176 shares in the last quarter. Creative Planning lifted its position in shares of Berry Global Group by 3.0% in the 3rd quarter. Creative Planning now owns 6,827 shares of the industrial products company’s stock worth $464,000 after acquiring an additional 198 shares during the period. Guardian Wealth Management Inc. grew its holdings in shares of Berry Global Group by 1.0% during the 2nd quarter. Guardian Wealth Management Inc. now owns 29,623 shares of the industrial products company’s stock worth $1,743,000 after purchasing an additional 287 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Berry Global Group by 9.1% during the third quarter. US Bancorp DE now owns 3,725 shares of the industrial products company’s stock valued at $253,000 after purchasing an additional 311 shares during the period. 95.36% of the stock is 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.