Berry Global Group Inc (NYSE:BERY) shares traded 4.29% higher at $69.00 on Wall Street last session.
BERY stock price is now 8.25% away from the 50-day moving average and 19.44% away from the 200-day moving average. The market capitalization of the company currently stands at $7.94B.
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With the price target of $76, Morgan Stanley recently initiated with Equal-Weight rating for Berry Global Group Inc (NYSE: BERY). On April 16, 2024, Robert W. Baird Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock reducing its target price from $68 to quote $65, while ‘Truist’ rates the stock as ‘Hold’
In other news, RICKERTSEN CARL J, Director bought 6,246 shares of the company’s stock on Nov 20 ’24. The stock was bought for $425,068 at an average price of $68.05. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 15 ’24, Director Bayh Evan sold 14,000 shares of the business’s stock. A total of $981,820 was realized by selling the stock at an average price of $70.13. This leaves the insider owning 30,228 shares of the company worth $2.09 million. A total of 0.39% of the company’s stock is owned by insiders.
During the past 12 months, Berry Global Group Inc has had a low of $49.63 and a high of $72.50. As of last week, the company has a debt-to-equity ratio of 2.30, a current ratio of 1.60, and a quick ratio of 1.03. According to the stock market information, the enterprise value for the company is $16609930240, which is based on a 15.70 price-to-earnings ratio, a 2.11 price-to-earnings-growth ratio, and a beta of 1.12. The fifty day moving average price for BERY is $63.57949 and a two-hundred day moving average price translates $57.73312 for the stock.
The latest earnings results from Berry Global Group Inc (NYSE: BERY) was released for 2024-06-29. The net profit margin was 4.21% and return on equity was 15.12% for BERY. The company reported revenue of $3.16 billion for the quarter, compared to $3.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.11 percent.
