Analyst Ratings for Berry Global Group Inc. (BERY)Updated: 2017-07-29
Analysts covering Berry Global Group Inc. (NYSE:BERY) have given it a consensus rating of Buy. BERY had previously received a consensus rating of Buy a month ago.
15 analysts issued ratings on the stock, where 12 gave BERY a buy rating, 1 gave an overweight rating, 2 gave a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 2. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Investment analysts gave a few price targets for BERY. The most optimistic price target was 68, implying a possible profit of 21.36 percent. The minimum price target given was 60, which equates to a potential downside of 7.09 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Analysts have revised their earnings estimates upwards for this quarter, by about 1.83 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 0.01 percent. Meanwhile, fiscal year estimates have been revised upwards by 1.04 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 6.41 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, while 3 analysts revised their estimates downwards. Over the same time period, 3 analysts revised their FY earnings estimates upwards, while 3 analysts made negative revisions to their fiscal year's estimates.
The growth rate of BERY's earnings is estimated by analysts to be 24.03 percent. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of BERY is 1.01.
In the last 52-weeks, BERY has achieved a high of 58.95 and a low of 39.45. Currently the stock is 42.03 percent higher than its low, and below the high by 4.95 percent. BERY has a price/earnings ratio of 24.26. Investors typically compare the P/E ratio to a company's peers in the industry. The BERY value stock report compares BERY to some of its peers using value stock charts. The market cap of BERY is $7.35 billion. BERY's next earnings release will be on 0000-00-00, which is days away.