Can analysts adopt a bullish outlook for Berry Global Group, Inc. (NYSE:BERY)?

September 30, 2018 - By Robert Shackelford

Investors sentiment decreased to 0.87 in Q2 2018. Its down 0.34, from 1.21 in 2018Q1. It is negative, as 54 investors sold Berry Global Group, Inc. shares while 98 reduced holdings. 51 funds opened positions while 81 raised stakes. 115.78 million shares or 1.96% less from 118.10 million shares in 2018Q1 were reported.
Bb&T invested in 0.02% or 24,325 shares. Moreover, Cwm Limited Liability Company has 0% invested in Berry Global Group, Inc. (NYSE:BERY) for 170 shares. Advisory Ntwk Lc, a Georgia-based fund reported 190 shares. Ny State Common Retirement Fund invested in 363,818 shares. Fiera Capital stated it has 0.14% in Berry Global Group, Inc. (NYSE:BERY). Macquarie Limited invested in 0.2% or 2.52M shares. Atria Invs Lc has 0.01% invested in Berry Global Group, Inc. (NYSE:BERY) for 4,610 shares. California State Teachers Retirement Systems reported 0.02% stake. American Century has 0% invested in Berry Global Group, Inc. (NYSE:BERY). Bnp Paribas Arbitrage stated it has 0% of its portfolio in Berry Global Group, Inc. (NYSE:BERY). Voya Inv Lc owns 242,547 shares or 0.02% of their US portfolio. Stifel Fincl reported 21,320 shares. Btg Pactual Asset Management Limited owns 145,000 shares. Federated Invsts Pa holds 0.03% or 258,574 shares in its portfolio. Eagle Boston Inv Management has invested 0.03% of its portfolio in Berry Global Group, Inc. (NYSE:BERY).

Berry Global Group, Inc. (NYSE:BERY) Ratings Coverage

Among 4 analysts covering Berry Global Group (NYSE:BERY), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Berry Global Group had 5 analyst reports since April 5, 2018 according to SRatingsIntel. The company was maintained on Thursday, April 5 by Citigroup. The firm has “Buy” rating given on Friday, May 4 by Bank of America. The company was maintained on Friday, May 4 by Citigroup. The stock of Berry Global Group, Inc. (NYSE:BERY) earned “Outperform” rating by Credit Suisse on Friday, April 27. Below is a list of Berry Global Group, Inc. (NYSE:BERY) latest ratings and price target changes.

18/05/2018 Broker: Jefferies Rating: Buy New Target: $67 Initiates Coverage On
04/05/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $67 New Target: $65 Maintain
04/05/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $66 New Target: $64 Maintain
27/04/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $73 New Target: $71 Maintain
05/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $71 New Target: $66 Maintain

The stock decreased 0.37% or $0.18 during the last trading session, reaching $48.39. About 1.01 million shares traded. Berry Global Group, Inc. (NYSE:BERY) has declined 14.67% since September 30, 2017 and is downtrending. It has underperformed by 30.29% the S&P500.

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. The company has market cap of $6.38 billion. The firm operates through three divisions: Health, Hygiene & Specialties; Consumer Packaging; and Engineered Materials. It has a 13.93 P/E ratio. 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.

Berry Global Group, Inc. (NYSE:BERY) Ratings Chart

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