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.
BERY was given price targets by several analysts. The most optimistic price target was 68, which equates to a potential upside of 21.36 percent. The most pessimistic analyst gave a price target of 60, implying a possible loss of 7.09 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 1.83 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0.01 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 1.04 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 6.41 percent.
People are often interested in whether analysts were united in the direction of their revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, while 3 analysts revised their estimates downwards. Also over the last month, 3 analysts increased their estimates for the FY earnings, while 3 analysts made negative revisions to their fiscal year's estimates.
BERY has an estimated earnings growth rate of 24.03 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. BERY has a PEG ratio of 1.01.
In the last 52-weeks, BERY has achieved a high of 58.95 and a low of 39.45. Today's price is 42.03 percent above the 52-week low, and 4.95 percent below the 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's next earnings release will be on 0000-00-00, which is days away.