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.
A number of analysts gave price targets for BERY. The maximum price target given was 68, implying potential capital gains of 21.36 percent. The most pessimistic analyst gave a price target of 60, implying potential capital losses of 7.09 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 1.83 percent. That number becomes 0.01 percent if we expand the time horizon to include the past 3 months instead of just one. 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. 3 analysts made positive revisions to their quarterly estimates over the past month, while 3 analysts revised their estimates downwards. Also over the last month, 3 analysts increased their estimates for the FY earnings, compared to 3 analysts that revised their FY estimates downwards.
BERY has an estimated earnings growth rate of 24.03 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, 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.
BERY has traded between a high of 58.95 and a low of 39.45 over the past year. Currently the stock is 42.03 percent higher than its 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.