Berry Global Group Inc [BERY] stock is trading at $59.00, down -1.47%. An important factor to consider is whether the stock is rising or falling in short-term value. The BERY shares have lost -0.46% over the last week, with a monthly amount drifted -2.77%, and not seem to be holding up well over a long-time horizon.
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On 9, April 2024, 2023 Sustainability Report Shows How Berry Global is Delivering on its Impact 2025 Strategy. In a post published today on Yahoo Finance, Achieved 86% reusable, recyclable, or compostable packaging, increased renewable energy use by 65%, met Scope 1 and 2 science-based target two years ahead of schedule.
From an analyst’s perspective:
Berry Global Group Inc [NYSE: BERY] stock has seen the most recent analyst activity on March 27, 2024, when Truist downgraded its rating to a Hold and also revised its price target to $68 from $75. Previously, RBC Capital Mkts downgraded its rating to Sector Perform on March 15, 2024, and dropped its price target to $62. On March 01, 2024, Wolfe Research initiated with a Peer Perform rating. Truist upgraded its rating to Buy for this stock on May 24, 2023, and upped its price target to $73. In a note dated January 05, 2023, Truist downgraded an Hold rating on this stock but restated the target price of $70.
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 $72.08 within the next 12 months. Berry Global Group Inc [NYSE: BERY] shares were valued at $59.00 at the most recent close of the market. An investor can expect a potential return of 22.17% 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 58.47 points at the first support level, and at 57.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.41, and for the 2nd resistance point, it is at 59.82.
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. On the other hand, the Quick Ratio is 0.95, and the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 0.55, the price to book ratio is 2.06 and price to earnings (TTM) ratio is 12.70.
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.
