A share price of Berry Global Group Inc [BERY] is currently trading at $70.41, up 0.70%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BERY shares have gain 0.59% over the last week, with a monthly amount glided 6.49%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
On November 22, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $75 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $76 on September 04, 2024. Robert W. Baird downgraded its rating to a Neutral and reduced its price target to $65 on April 16, 2024. Truist downgraded its rating to Hold for this stock on March 27, 2024, and downed its price target to $68. In a note dated March 15, 2024, RBC Capital Mkts downgraded an Sector Perform rating on this stock and revised its target price from $72 to $62.
Berry Global Group Inc experienced fluctuations in its stock price throughout the past year between $50.71 and $73.31. Currently, Wall Street analysts expect the stock to reach $76 within the next 12 months. Berry Global Group Inc [NYSE: BERY] shares were valued at $70.41 at the most recent close of the market. An investor can expect a potential return of 7.94% based on the average BERY price forecast.
Analyzing the BERY fundamentals
Trailing Twelve Months sales for Berry Global Group Inc [NYSE:BERY] were 11.79B which represents -16.40% decline. 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 0.04, Equity is 0.17 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.9.
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 70.14 points at the first support level, and at 69.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 70.72, and for the 2nd resistance point, it is at 71.03.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Berry Global Group Inc [NYSE:BERY] is 1.61. Also, the Quick Ratio is 1.09, while the Cash Ratio stands at 0.46. Considering the valuation of this stock, the price to sales ratio is 0.69, the price to book ratio is 3.69 and price to earnings (TTM) ratio is 17.54.
Transactions by insiders
Recent insider trading involved RICKERTSEN CARL J, Director, that happened on Dec 04 ’24 when 23145.0 shares were purchased. Director, RICKERTSEN CARL J completed a deal on Nov 20 ’24 to buy 6246.0 shares. Meanwhile, Director Bayh Evan sold 14000.0 shares on Oct 15 ’24.
