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Berry Global Group (NYSE:BERY - Get Rating) had its price objective boosted by equities researchers at Citigroup from $67.00 to $75.00 in a research report issued on Wednesday, The Fly reports. Citigroup's price objective points to a potential upside of 24.05% from the company's previous close.

Other equities research analysts also recently issued reports about the stock. Robert W. Baird cut their price objective on shares of Berry Global Group to $68.00 in a research report on Thursday, November 17th. Bank of America cut their price objective on shares of Berry Global Group from $77.00 to $72.00 in a research report on Thursday, October 13th. Morgan Stanley cut their price objective on shares of Berry Global Group from $61.00 to $55.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 18th. Royal Bank of Canada raised their target price on shares of Berry Global Group from $69.00 to $71.00 and gave the stock an "outperform" rating in a report on Thursday, November 17th. Finally, Credit Suisse Group lowered their target price on shares of Berry Global Group from $78.00 to $75.00 and set an "outperform" rating on the stock in a report on Tuesday, December 6th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Berry Global Group currently has an average rating of "Moderate Buy" and a consensus target price of $67.92.Berry Global Group Trading Up 0.0 %

Shares of NYSE:BERY opened at $60.46 on Wednesday. Berry Global Group has a 52-week low of $44.52 and a 52-week high of $74.73. The company has a market capitalization of $7.50 billion, a P/E ratio of 10.42, a price-to-earnings-growth ratio of 0.80 and a beta of 1.19. The company has a 50-day simple moving average of $55.88 and a 200 day simple moving average of $54.23. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.18 and a current ratio of 1.82.

Berry Global Group (NYSE:BERY - Get Rating) last issued its earnings results on Tuesday, November 15th. The industrial products company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.04. Berry Global Group had a net margin of 5.28% and a return on equity of 30.32%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.68 billion. Sell-side analysts forecast that Berry Global Group will post 7.52 earnings per share for the current year. Insider Buying and Selling at Berry Global Group

In other news, EVP Jason K. Greene sold 10,000 shares of Berry Global Group stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $62.00, for a total transaction of $620,000.00. Following the transaction, the executive vice president now owns 250 shares in the company, valued at $15,500. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.70% of the company's stock. Hedge Funds Weigh In On Berry Global Group

A number of hedge funds have recently modified their holdings of BERY. Raymond James Financial Services Advisors Inc. lifted its holdings in Berry Global Group by 335.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 12,736 shares of the industrial products company's stock valued at $738,000 after buying an additional 9,812 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in Berry Global Group by 71.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,152 shares of the industrial products company's stock valued at $646,000 after buying an additional 4,640 shares during the period. Bank of Montreal Can lifted its holdings in Berry Global Group by 41.9% in the first quarter. Bank of Montreal Can now owns 115,453 shares of the industrial products company's stock valued at $6,998,000 after buying an additional 34,101 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Berry Global Group by 370.8% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 33,900 shares of the industrial products company's stock valued at $1,965,000 after buying an additional 26,700 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in Berry Global Group in the first quarter valued at $329,000. Institutional investors and hedge funds own 94.02% of the company's stock. Berry Global Group Company Profile (Get Rating)

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments. The Consumer Packaging International segment offers closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, containers, and technical components.Recommended StoriesGet a free copy of the StockNews.com research report on Berry Global Group (BERY)What's the Outlook for META Stock in 2023?Is First Solar Stock is Flying Too Close to the Sun? Can Investors Cash In On PayPal?These 3 Tech Stocks Are in for a Happier New YearCan Duke Energy Stock Continue Powering Higher?

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