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.
Several price targets were given for BERY by the analysts covering the stock. The most optimistic price target was 68, implying a possible profit of 21.36 percent. The most pessimistic price target 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.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 1.83 percent. The average change in earnings estimates over the last 90 days is 0.01 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 1.04 percent. If we look at the last 90 days instead, we find a net average change of 6.41 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 3 analysts increased their quarterly estimates, while 3 analysts made negative revisions. 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.
Analysts estimate earnings of BERY to grow at a rate of 24.03 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. BERY has a PEG ratio of 1.01.
In the trailing 52-weeks, BERY hit 58.95 at the highest peak, while it's lowest trading point was 39.45. Today's price is 42.03 percent above the 52-week low, and 4.95 percent lower than its 52-week high. BERY has a P/E 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 will post this quarters earnings in days, on 0000-00-00.