Berry Global Group Inc [NYSE: BERY] traded at a low on Tuesday, posting a -2.93 loss after which it closed the day’ session at $67.58.
The results of the trading session contributed to over 18807948 shares changing hands. Over the past one week, the price volatility of Berry Global Group Inc stands at 2.82% while the volatility over the past one month is 3.34%.
The market cap for BERY stock reached $7.83 billion, with 115.70 million shares outstanding and 115.34 million shares in the current float. Compared to the average trading volume of 1.91M shares, BERY reached a trading volume of 18807948 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Berry Global Group Inc [BERY]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BERY shares is $73.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BERY stock is a recommendation set at 2.73. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Berry Global Group Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 25, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price to Neutral. The new note on the price target was released on November 25, 2024, representing the official price target for Berry Global Group Inc stock. Previously, the target price had yet another raise to $75, while UBS analysts kept a Neutral rating on BERY stock.
The Average True Range (ATR) for Berry Global Group Inc is set at 2.04, with the Price to Sales ratio for BERY stock in the period of the last 12 months amounting to 0.66. The Price to Book ratio for the last quarter was 3.54, with the Price to Cash per share for the same quarter was set at 10.20. Price to Free Cash Flow for BERY in the course of the last twelve months was 12.54 with Quick ratio for the last quarter at 1.09.
How has BERY stock performed recently?
Berry Global Group Inc [BERY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.97. With this latest performance, BERY shares dropped by -2.72% in over the last four-week period, additionally plugging by 7.48% over the last 6 months – not to mention a rise of 30.18% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BERY stock in for the last two-week period is set at 47.79, with the RSI for the last a single of trading hit 47.33, and the three-weeks RSI is set at 47.88 for Berry Global Group Inc [BERY]. The present Moving Average for the last 50 days of trading for this stock 69.51, while it was recorded at 68.85 for the last single week of trading, and 67.75 for the last 200 days.
Berry Global Group Inc [BERY]: Deeper insight into the fundamentals
Berry Global Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.09 and a Current Ratio set at 1.61.
Earnings analysis for Berry Global Group Inc [BERY]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BERY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Berry Global Group Inc go to -1.86%.
Insider trade positions for Berry Global Group Inc [BERY]
There are presently around $89.17%, or 89.52%% of BERY stock, in the hands of institutional investors. The top three institutional holders of BERY stocks are: EDGEPOINT INVESTMENT GROUP INC. with ownership of 14.94 million shares, which is approximately 14.2121%. VANGUARD GROUP INC, holding 13.6 million shares of the stock with an approximate value of $$800.39 million in BERY stocks shares; and VANGUARD GROUP INC, currently with $$582.57 million in BERY stock with ownership which is approximately 9.415%.
