Berry Global Group (BERY) Earns Coverage Optimism Rating of 0.46

Joanna Estrada
April 15, 2018

The firm has a market cap of $7,275.04, a PE ratio of 18.07, a PEG ratio of 0.73 and a beta of 1.05. 293.74 million shares or 1.11% less from 297.03 million shares in 2017Q3 were reported. Also, the number of active investment managers holding Berry Plastics Group Inc in their top 10 stock positions decreased from 7 to 4 for a decrease of 3.

Fifth Third Bancorp increased its stake in Berry Global Group Inc (BERY) by 1.24% based on its latest 2017Q4 regulatory filing with the SEC.

First Hawaiian Bank increased Ishares Core S&P Small (IJR) stake by 7,521 shares to 196,753 valued at $15.11 million in 2017Q4. Gam Holding Ag sold 23,600 shares as Sage Therapeutics Inc (SAGE)'s stock declined 6.84%. Vertical Research began coverage on Berry Global Group in a research report on Thursday. The stock increased 0.36% or $0.2 during the last trading session, reaching $55.65. About 372,113 shares traded. (NYSE:BERY) has risen 13.96% since April 14, 2017 and is uptrending. BERY outperformed by 2.41% the S&P500.

Analysts await Sage Therapeutics, Inc. (NYSEAMERICAN:LNG) to report earnings on May, 3.

In related news, Director Paula A. Sneed acquired 1,000 shares of the stock in a transaction dated Monday, March 5th. Field & Main Bancshares has 0.01% invested in Berry Global Group, Inc. (NYSE:BERY) for 144,082 shares. Accern also assigned news stories about the industrial products company an impact score of 46.2557832649212 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next several days. (NYSE:SPG). Pggm owns 3.3% invested in Simon Property Group, Inc.

Among 16 analysts covering Berry Plastics Group Inc (NYSE:BERY), 14 have Buy rating, 0 Sell and 2 Hold. The positive are 88%. BMO Capital Markets maintained it with "Hold" rating and $5400 target in Friday, June 2 report. (NYSE:BERY) earned "Outperform" rating by BMO Capital Markets. The rating was maintained by Deutsche Bank on Friday, November 17 with "Buy". On Thursday, November 16 the firm has "Buy" rating given by SunTrust. They set a "buy" rating on the stock. On Tuesday, July 18 the stock rating was maintained by Piper Jaffray with "Buy". As per Thursday, November 16, the company rating was maintained by KeyBanc Capital Markets. The stock rating was maintained by Citigroup with "Buy" on Thursday, April 5. Zacks' sales averages are an average based on a survey of research firms that cover Berry Global Group. TIAA CREF Investment Management LLC raised its position in shares of Berry Global Group by 3.7% during the fourth quarter. On Wednesday, January 31 WADDELL FREDERICK H bought $99,659 worth of International Business Machines Corporation (NYSE:IBM) or 610 shares. Robichaud Albert sold $9.57M worth of stock.

Investors sentiment increased to 1.23 in Q4 2017. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 4.69. It is positive, as 35 investors sold LNG shares while 109 reduced holdings. 74 funds opened positions while 178 raised stakes. Fiera Cap Corp accumulated 0.2% or 734,510 shs. It manages about $20.20B and $6.89B US Long portfolio. (NYSEAMERICAN:LNG). Korea Investment Corp stated it has 0% in Cheniere Energy, Inc. 8,275 are owned by State Of Tennessee Treasury Department. Keybank National Association Oh accumulated 5,755 shares. Metropolitan Life Insurance reported 0.03% stake. Westfield Capital Ltd Partnership holds 0.53% or 1.17 million shs. (NASDAQ:SAGE) for 70,091 shares. Following the completion of the transaction, the director now owns 1,050 shares in the company, valued at $56,311.50. Sectoral Asset owns 17,200 shares.

Wellington Mngmt Gp Limited Liability Partnership has 34,968 shares for 0% of their portfolio. Grp owns 3,068 shares or 0% of their U.S. portfolio.

Analysts expect Berry Global Group, Inc. (NYSE:BERY). Alliancebernstein Lp, New York-based fund reported 1.95M shares. During the same period past year, the firm posted $0.50 earnings per share. LNG's profit will be $133.05M for 24.95 P/E if the $0.56 EPS becomes a reality. Berry Global Group, Inc.

Berry Global Group, Inc. manufactures and distributes plastic consumer packaging and engineered materials in the United States, Canada, Mexico, Belgium, France, Spain, the United Kingdom, Italy, Germany, Australia, Brazil, Argentina, Colombia, Malaysia, India, China, and the Netherlands. BMO Capital Markets upgraded shares of Berry Global Group from a "market perform" rating to an "outperform" rating in a report on Wednesday, January 24th. The firm operates through three divisions: Health, Hygiene & Specialties; Consumer Packaging; and Engineered Materials. It offers containers; foodservice products, such as thermoformed polypropylene and injection-molded plastic drink cups; closures and over caps comprising continuous-thread and child-resistant closures, as well as aerosol over caps; bottle and prescription containers; and extruded and laminate tubes.

Newbrook Capital Advisors Lp holds 5.39% of its portfolio in Berry Global Group, Inc. for 1.36 million shares.

According to a filing the Canyon Capital Advisors Llc's stake in Allergan Plc was increased by 357,559 shares to 501,494 shares valued at $82.03M in 2017Q4. Lonestar Ltd holds 4.76% or 290,000 shares in its portfolio. (NYSE:BERY). Magnetar Financial Llc owns 0.05% invested in Berry Global Group, Inc. York Mngmt Advisors Ltd Limited Liability Company, New York-based fund reported 30,966 shares.

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