In a report released yesterday, Arun Viswanathan from RBC Capital reiterated a Buy rating on Berry Plastics (NYSE: BERY), with a price target of $63. The company’s shares opened today at $48.18, close to its 52-week low of $45.60.
According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 9.3% and a 62.8% success rate. Viswanathan covers the Consumer Goods sector, focusing on stocks such as Sherwin-Williams Company, Westlake Chemical Corp, and Axalta Coating Systems.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Berry Plastics with a $61.40 average price target, a 27.4% 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.
