Berry Global Group Inc [BERY] stock is trading at $59.67, up 1.10%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BERY shares have gain 3.58% over the last week, with a monthly amount drifted -6.91%, and not seem to be holding up well over a long-time horizon.
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On 13, February 2024, Berry Global Unveils New Circular Stretch Film Innovation and Training Center in Tulsa, Oklahoma. In a post published today on Yahoo Finance, Center will support testing and development of sustainable, flexible packaging solutions and hands-on training.
From an analyst’s perspective:
Truist upgraded its rating to a Buy and increased its price target to $73 on May 24, 2023. Truist downgraded its rating to a Hold but $70 remained the price target by the analyst firm on January 05, 2023. Credit Suisse upgraded its rating to Outperform for this stock on July 20, 2022, but kept the price target unchanged to $78.
Berry Global Group Inc [BERY] stock has fluctuated between $53.83 and $69.93 over the past year. Currently, Wall Street analysts expect the stock to reach $74.75 within the next 12 months. Berry Global Group Inc [NYSE: BERY] shares were valued at $59.67 at the most recent close of the market. An investor can expect a potential return of 25.27% based on the average BERY price forecast.
Analyzing the BERY fundamentals
Berry Global Group Inc [NYSE:BERY] reported sales of 12.46B for the trailing twelve months, which represents a drop of -6.76%. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.17 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.78.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 59.13 points at the first support level, and at 58.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.08, and for the 2nd resistance point, it is at 60.50.
Berry Global Group Inc [BERY] reported earnings per share of $1.22 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.29/share, meaning a difference of -$0.07 and a surprise factor of -5.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.28 per share as compared to estimates of $2.14 per share, a difference of $0.14 representing a surprise of 6.50%.
Ratios To Look Out For
For context, Berry Global Group Inc’s Current Ratio is 1.67. In addition, the Quick Ratio stands at 0.95 and the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 0.56, the price to book ratio is 2.08 and price to earnings (TTM) ratio is 12.84.
Transactions by insiders
Recent insider trading involved Steele Robert Allan, Director, that happened on Feb 24 ’24 when 14000.0 shares were sold. Director, FOSTER JONATHAN F completed a deal on Feb 12 ’24 to buy 1000.0 shares. Meanwhile, Chief Executive Officer Kwilinski Kevin J. bought 2000.0 shares on Feb 09 ’24.
