Berry Global Group Inc [BERY] stock prices are down -0.03% to $67.04 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BERY shares have gain 1.22% over the last week, with a monthly amount glided 2.02%, 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.
The stock price of Berry Global Group Inc [BERY] has been fluctuating between $53.92 and $69.93 over the past year. 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 $67.04 at the most recent close of the market. An investor can expect a potential return of 8.52% based on the average BERY price forecast.
Analyzing the BERY fundamentals
The Berry Global Group Inc [NYSE:BERY] reported sales of 12.18B for trailing twelve months, representing a drop of -2.11%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.61.
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 66.35 points at the first support level, and at 65.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 67.67, and for the 2nd resistance point, it is at 68.30.
Ratios To Look Out For
It’s worth pointing out that Berry Global Group Inc [NYSE:BERY]’s Current Ratio is 1.82. As well, the Quick Ratio is 1.08, while the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 0.63, the price to book ratio is 2.28 and price to earnings (TTM) ratio is 14.32.
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.
