The stock of Berry Global Group Inc (BERY) has seen a 3.32% increase in the past week, with a 4.57% gain in the past month, and a 11.98% flourish in the past quarter. The volatility ratio for the week is 2.26%, and the volatility levels for the past 30 days are at 1.86% for BERY. The simple moving average for the last 20 days is 1.66% for BERY stock, with a simple moving average of 9.13% for the last 200 days.
Is It Worth Investing in Berry Global Group Inc (NYSE: BERY) Right Now?
Berry Global Group Inc (NYSE: BERY) has a higher price-to-earnings ratio of 14.50x compared to its average ratio, The 36-month beta value for BERY is at 1.14. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 4 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for BERY is 114.19M, and currently, shorts hold a 4.62% of that float. The average trading volume for BERY on September 18, 2024 was 939.73K shares.
BERY) stock’s latest price update
Berry Global Group Inc (NYSE: BERY)’s stock price has increased by 0.96 compared to its previous closing price of 67.25. However, the company has seen a 3.32% increase in its stock price over the last five trading sessions. zacks.com reported 2024-08-30 that BERY is set to benefit from solid momentum in the Consumer Packaging North America segment. However, weakness in the Consumer Packaging International segment remains a concern.
Analysts’ Opinion of BERY
Many brokerage firms have already submitted their reports for BERY stocks, with Morgan Stanley repeating the rating for BERY by listing it as a “Equal-Weight.” The predicted price for BERY in the upcoming period, according to Morgan Stanley is $76 based on the research report published on September 04, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see BERY reach a price target of $65, previously predicting the price at $68. The rating they have provided for BERY stocks is “Neutral” according to the report published on April 16th, 2024.
Truist gave a rating of “Hold” to BERY, setting the target price at $68 in the report published on March 27th of the current year.
BERY Trading at 4.90% 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 -2.92% of loss for the given period.
Volatility was left at 1.86%, however, over the last 30 days, the volatility rate increased by 2.26%, as shares surge +5.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.92% upper at present.
During the last 5 trading sessions, BERY rose by +3.45%, which changed the moving average for the period of 200-days by +2.81% in comparison to the 20-day moving average, which settled at $66.96. In addition, Berry Global Group Inc saw 0.75% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BERY starting from Thomas Peter T, who purchase 1,000 shares at the price of $59.50 back on May 23 ’24. After this action, Thomas Peter T now owns 4,407 shares of Berry Global Group Inc, valued at $59,500 using the latest closing price.
Miles Mark W, the Chief Financial Officer of Berry Global Group Inc, sale 84,000 shares at $59.98 during a trade that took place back on May 14 ’24, which means that Miles Mark W is holding 118,954 shares at $5,038,320 based on the most recent closing price.
Stock Fundamentals for BERY
Current profitability levels for the company are sitting at:
- 0.09 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 0.08. Equity return is now at value 16.40, with 3.41 for asset returns.
Based on Berry Global Group Inc (BERY), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 2.61. The interest coverage ratio of the stock is 3.56.
Currently, EBITDA for the company is 1.97 billion with net debt to EBITDA at 4.52. When we switch over and look at the enterprise to sales, we see a ratio of 1.36. The receivables turnover for the company is 7.47for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.82.
Conclusion
In conclusion, Berry Global Group Inc (BERY) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
