KeyBanc analyst Adam Josephson maintained a Hold rating on Berry Global Group (BERY) today. The company’s shares closed last Tuesday at $65.85.
According to TipRanks.com, Josephson has 0 stars on 0-5 stars ranking scale with an average return of -8.5% and a 46.9% success rate. Josephson covers the Basic Materials sector, focusing on stocks such as International Paper Co, Graphic Packaging, and Clearwater Paper.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Berry Global Group with a $72.40 average price target.
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Based on Berry Global Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.14 billion and net profit of $130 million. In comparison, last year the company earned revenue of $2.82 billion and had a net profit of $47 million.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BERY in relation to earlier this year. Most recently, in March 2021, Curt Begle, the President of BERY bought 18,000 shares for a total of $517,500.
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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 segments: Consumer Packaging International, Consumer Packaging North America, Health, Hygiene & Specialties, and Engineered Materials. The Consumer Packaging International segment consists of containers, closures, dispensing systems, pharmaceutical devices and packaging, polythene films, and technical components. The Consumer Packaging North America segment consists of containers, foodservice items, closures, over caps, bottles, prescription vials, and tubes. The Engineered Materials segment consists of tapes and adhesives, polyethylene-based film products, can liners, and specialty coated and laminated products. The Health, Hygiene & Specialties segment consists of nonwoven specialty materials and films used in hygiene, infection prevention, personal care, industrial, construction, and filtration applications. The company was founded on November 18, 2005 and is headquartered in Evansville, IN.
