The price-to-earnings ratio for Berry Global Group Inc (NYSE: BERY) is above average at 12.70x. The 36-month beta value for BERY is also noteworthy at 1.23. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 4 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for BERY is 115.53M, and at present, short sellers hold a 3.61% of that float. The average trading volume of BERY on April 11, 2024 was 1.24M shares.
BERY) stock’s latest price update
The stock price of Berry Global Group Inc (NYSE: BERY) has dropped by -1.47 compared to previous close of 59.88. Despite this, the company has seen a fall of -0.46% in its stock price over the last five trading days. Seeking Alpha reported 2024-02-11 that On February 7, the company announced the spin-off and merger of its Health, Hygiene and Specialties segment with Glatfelter. The value for Berry Group’s shareholders is $1.9 billion at Glatfelter’s current share price which is close to the $2 billion price tag estimated by analysts back in September. Some of the 13% drop in Berry Group’s valuation on February 7 and 8 can be attributed to the weak Q1 FY24 financial results but the stock looks oversold here.
BERY’s Market Performance
BERY’s stock has fallen by -0.46% in the past week, with a monthly drop of -2.77% and a quarterly drop of -11.29%. The volatility ratio for the week is 1.89% while the volatility levels for the last 30 days are 1.72% for Berry Global Group Inc The simple moving average for the last 20 days is -1.03% for BERY’s stock, with a simple moving average of -5.46% for the last 200 days.
Analysts’ Opinion of BERY
Many brokerage firms have already submitted their reports for BERY stocks, with Truist repeating the rating for BERY by listing it as a “Hold.” The predicted price for BERY in the upcoming period, according to Truist is $68 based on the research report published on March 27, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see BERY reach a price target of $62, previously predicting the price at $72. The rating they have provided for BERY stocks is “Sector Perform” according to the report published on March 15th, 2024.
BERY Trading at -1.71% 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 -15.64% of loss for the given period.
Volatility was left at 1.72%, however, over the last 30 days, the volatility rate increased by 1.89%, as shares sank -2.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.93% lower at present.
During the last 5 trading sessions, BERY fell by -0.46%, which changed the moving average for the period of 200-days by -5.18% in comparison to the 20-day moving average, which settled at $59.54. In addition, Berry Global Group Inc saw -12.45% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BERY starting from Steele Robert Allan, who sale 14,000 shares at the price of $58.93 back on Feb 24 ’24. After this action, Steele Robert Allan now owns 4,728 shares of Berry Global Group Inc, valued at $825,020 using the latest closing price.
FOSTER JONATHAN F, the Director of Berry Global Group Inc, purchase 1,000 shares at $58.49 during a trade that took place back on Feb 12 ’24, which means that FOSTER JONATHAN F is holding 5,728 shares at $58,490 based on the most recent closing price.
Stock Fundamentals for BERY
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.18 for the gross margin
The net margin for Berry Global Group Inc stands at 0.05. The total capital return value is set at 0.07. Equity return is now at value 17.06, with 3.45 for asset returns.
Based on Berry Global Group Inc (BERY), the company’s capital structure generated 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 2.78. The interest coverage ratio of the stock is 3.34.
Currently, EBITDA for the company is 1.97 billion with net debt to EBITDA at 4.54. When we switch over and look at the enterprise to sales, we see a ratio of 1.25. The receivables turnover for the company is 8.32for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.67.
Conclusion
In summary, Berry Global Group Inc (BERY) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
