Jefferies analyst Daniel Rizzo reiterated a Buy rating on Berry Plastics (NYSE: BERY) yesterday and set a price target of $62. The company’s shares opened today at $47.82, close to its 52-week low of $45.60.
According to TipRanks.com, Rizzo is a 4-star analyst with an average return of 20.7% and a 70.6% success rate. Rizzo covers the Consumer Goods sector, focusing on stocks such as Graphic Packaging, Silgan Holdings, and Bemis Company.
Berry Plastics has an analyst consensus of Strong Buy, with a price target consensus of $61, a 27.6% upside from current levels. In a report issued on July 28, CFRA also maintained a Buy rating on the stock with a $57 price target.
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The company has a one-year high of $61.71 and a one-year low of $45.60. Currently, Berry Plastics has an average volume of 1.61M.
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Berry Global Group, Inc. engages in the provision of value added engineered materials, nonwoven specialty materials and consumer packaging with customized solutions. It operates through the following business segments: Consumer Packaging; Health, Hygiene & Specialties; and Engineered Materials.
