A share price of Berry Global Group Inc [BERY] is currently trading at $56.32, up 0.68%. 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 lost -4.25% over the last week, with a monthly amount drifted -4.30%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Berry Global Group Inc [NYSE: BERY] stock has seen the most recent analyst activity on April 16, 2024, when Robert W. Baird downgraded its rating to a Neutral and also revised its price target to $65 from $68. Previously, Truist downgraded its rating to Hold on March 27, 2024, and dropped its price target to $68. On March 15, 2024, downgrade downgraded it’s rating to Sector Perform and revised its price target to $62 on the stock. Wolfe Research started tracking the stock assigning a Peer Perform rating. In a note dated May 24, 2023, Truist upgraded an Buy rating on this stock and boosted its target price from $69 to $73.
Berry Global Group Inc experienced fluctuations in its stock price throughout the past year between $53.83 and $69.93. Currently, Wall Street analysts expect the stock to reach $71.42 within the next 12 months. Berry Global Group Inc [NYSE: BERY] shares were valued at $56.32 at the most recent close of the market. An investor can expect a potential return of 26.81% based on the average BERY price forecast.
Analyzing the BERY fundamentals
Trailing Twelve Months sales for Berry Global Group Inc [NYSE:BERY] were 12.46B which represents -6.76% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.78.
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 55.90 points at the first support level, and at 55.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 56.55, and for the 2nd resistance point, it is at 56.78.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Berry Global Group Inc [NYSE:BERY] 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 0.52, the price to book ratio is 1.96 and price to earnings (TTM) ratio is 12.12.
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.
