Berry Global Group, Inc. (NYSE:BERY) went down by -0.31% from its latest closing price compared to the recent 1-year high of $54.98. The company’s stock price has collected -2.54% of loss in the last five trading sessions.
Is It Worth Investing in Berry Global Group, Inc. (NYSE :BERY) Right Now?
Berry Global Group, Inc. (NYSE:BERY) scored a price-to-earnings ratio above its average ratio, recording 11.61 x from its present earnings ratio. Plus, the 36-month beta value for BERY is at 1.32. Opinions of the stock are interesting as 10 analysts out of 15 who provided ratings for Berry Global Group, Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $61.57, which is $10 above the current price. BERY currently public float of 129.85M and currently shorts hold a 2.30% ratio of that float. Today, the average trading volume of BERY was 1.18M shares.
BERY’s Market Performance
BERY stocks went down by -2.54% for the week, with a monthly drop of -5.87% and a quarterly performance of 16.60%, while its annual performance rate touched 30.04%. The volatility ratio for the week stands at 2.75% while the volatility levels for the past 30 days are set at 2.66% for Berry Global Group, Inc.. The simple moving average for the period of the last 20 days is -2.77% for BERY stocks with a simple moving average of 16.55% for the last 200 days.
Analysts’ Opinion of BERY
Many brokerage firms have already submitted their reports for BERY stocks, with UBS repeating the rating for BERY by listing it as a “Buy.” The predicted price for BERY in the upcoming period, according to UBS is $70 based on the research report published on September 17th of the current year 2020.
Jefferies, on the other hand, stated in their research note that they expect to see BERY reach a price target of $57. The rating they have provided for BERY stocks is “Buy” according to the report published on July 13th, 2020.
Credit Suisse gave a rating of “Outperform” to BERY, setting the target price at $62 in the report published on February 13th of the current year.
BERY Trading at 0.72% from the 50-Day Moving Average
After a stumble in the market that brought BERY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.24% of loss for the given period.
Volatility was left at 2.66%, however, over the last 30 days, the volatility rate increased by 2.75%, as shares sank -5.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.91% upper at present.
During the last 5 trading sessions, BERY fell by -2.54%, which changed the moving average for the period of 200-days by +9.28% in comparison to the 20-day moving average, which settled at $52.30. In addition, Berry Global Group, Inc. saw 7.39% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at BERY starting from Miles Mark W, who sold 52,916 shares at the price of $54.20 back on Aug 18. After this action, Miles Mark W now owns 20,000 shares of Berry Global Group, Inc., valued at $2,867,878 using the latest closing price.
Begle Curt, the President of Berry Global Group, Inc., sold 10,000 shares at $54.50 during a trade that took place back on Aug 17, which means that Begle Curt is holding 28,500 shares at $544,958 based on the most recent closing price.
Stock Fundamentals for BERY
Current profitability levels for the company are sitting at:
- +9.48 for the present operating margin
- +16.05 for the gross margin
The net margin for Berry Global Group, Inc. stands at +4.55. The total capital return value is set at 8.31, while invested capital returns managed to touch 4.02. Equity return is now at value 34.30, with 3.50 for asset returns.
Based on Berry Global Group, Inc. (BERY), the company’s capital structure generated 702.41 points at debt to equity in total, while total debt to capital is 87.54. Total debt to assets is 69.01, with long-term debt to equity ratio resting at 2.37. Finally, the long-term debt to capital ratio is 695.98.
When we switch over and look at the enterprise to sales, we see a ratio of 1.79, with the company’s debt to enterprise value settled at 0.71. The receivables turnover for the company is 7.20 and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.84.