At the time of writing, Berry Global Group Inc [BERY] stock is trading at $69.08, up 1.71%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BERY shares have gain 0.89% over the last week, with a monthly amount glided 2.81%, 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 September 04, 2024, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $76. Previously, Robert W. Baird downgraded its rating to Neutral on April 16, 2024, and dropped its price target to $65. On March 27, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $68 on the stock. RBC Capital Mkts downgraded its rating to a Sector Perform and decreased its price target to $62 on March 15, 2024. Wolfe Research initiated its recommendation with a Peer Perform.
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 $72.75 within the next 12 months. Berry Global Group Inc [NYSE: BERY] shares were valued at $69.08 at the most recent close of the market. An investor can expect a potential return of 5.31% based on the average BERY price forecast.
Analyzing the BERY fundamentals
According to Berry Global Group Inc [NYSE:BERY], the company’s sales were 12.18B for trailing twelve months, which represents an -2.11% plunge. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.09%, 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 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.61.
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 68.38 points at the first support level, and at 67.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.64, and for the 2nd resistance point, it is at 70.19.
Ratios To Look Out For
It is important to note that Berry Global Group Inc [NYSE:BERY] has a current ratio of 1.82. Further, the Quick Ratio stands at 1.08, while the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 0.65, the price to book ratio is 2.35 and price to earnings (TTM) ratio is 14.76.
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 14 ’24 to sell 84000.0 shares. Meanwhile, Chief Financial Officer Miles Mark W sold 1118.0 shares on May 15 ’24.
