In a report released today, Michael Leithead from Barclays maintained a Hold rating on Berry Global Group (BERY – Research Report), with a price target of $64.00. The company’s shares closed last Friday at $59.89.
According to TipRanks, Leithead is a 4-star analyst with an average return of 6.0% and a 60.82% success rate. Leithead covers the Basic Materials sector, focusing on stocks such as Westlake Chemical, Chemours Company, and Celanese.
In addition to Barclays, Berry Global Group also received a Hold from Truist Financial’s Michael Roxland in a report issued on May 10. However, on the same day, Jefferies assigned a Buy rating to Berry Global Group (NYSE: BERY).
BERY market cap is currently $6.85B and has a P/E ratio of 14.23.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BERY in relation to earlier this year. Most recently, in February 2024, Robert Allan Steele, a Director at BERY sold 14,000.00 shares for a total of $825,020.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Berry Global Group (BERY) Company Description:
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.
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