At the time of writing, Berry Global Group Inc [BERY] stock is trading at $63.52, up 0.28%. 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 0.33% over the last week, with a monthly amount glided 5.06%, and 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.
For the past year, the stock price of Berry Global Group Inc fluctuated between $53.92 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 $63.52 at the most recent close of the market. An investor can expect a potential return of 12.44% based on the average BERY price forecast.
Analyzing the BERY fundamentals
According to Berry Global Group Inc [NYSE:BERY], the company’s sales were 12.24B for trailing twelve months, which represents an -6.45% plunge. 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 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.15 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.68.
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 62.95 points at the first support level, and at 62.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.26, and for the 2nd resistance point, it is at 65.00.
Ratios To Look Out For
It is important to note that Berry Global Group Inc [NYSE:BERY] has a current ratio of 1.74. In addition, the Quick Ratio stands at 1.01 and the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 0.59, the price to book ratio is 2.22 and price to earnings (TTM) ratio is 15.09.
Transactions by insiders
Recent insider trading involved Thomas Peter T, Director, that happened on May 23 ’24 when 1000.0 shares were purchased. Chief Financial Officer, Miles Mark W completed a deal on May 15 ’24 to sell 1118.0 shares. Meanwhile, Chief Financial Officer Miles Mark W sold 84000.0 shares on May 14 ’24.
