Market Rating: Berry Plastics (NYSE:BERY) Is Now Covered By KeyBanc Capital Mkts. What to Expect?

November 30, 2016 - By Louis Casey

Market Rating: Berry Plastics (NYSE:BERY) Is Now Covered By KeyBanc Capital Mkts. What to Expect?

How KeyBanc Capital Mkts Rates Berry Plastics (NYSE:BERY)

KeyBanc Capital Mkts began its coverage on Berry Plastics (NYSE:BERY), today Wednesday, 30 November. The firm finds the stock of Berry Plastics (NYSE:BERY) attractive and has given it “Sector Weight” rating.

Berry Plastics Group Inc (NYSE:BERY) Ratings Coverage

Out of 13 analysts covering Berry Plastics Group Inc (NYSE:BERY), 11 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 85% are positive. $55 is the highest target while $35 is the lowest. The $47.33 average target is -5.45% below today’s ($50.06) stock price. Berry Plastics Group Inc has been the topic of 18 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Jefferies initiated Berry Plastics Group Inc (NYSE:BERY) on Thursday, October 13 with “Buy” rating. The firm has “Overweight” rating given on Wednesday, June 15 by Barclays Capital. Robert W. Baird maintained it with “Outperform” rating and $55 target price in Friday, August 26 report. The stock of Berry Plastics Group Inc (NYSE:BERY) earned “Buy” rating by Citigroup on Tuesday, July 19. The firm earned “Overweight” rating on Tuesday, September 13 by JP Morgan. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, August 11. The rating was maintained by Credit Suisse with “Outperform” on Friday, August 12. The company was maintained on Wednesday, May 11 by RBC Capital Markets. The stock of Berry Plastics Group Inc (NYSE:BERY) has “Neutral” rating given on Wednesday, July 13 by SunTrust. RBC Capital Markets initiated Berry Plastics Group Inc (NYSE:BERY) on Friday, February 19 with “Outperform” rating.

About 2.89 million shares traded hands or 78.40% up from the average. Berry Plastics Group Inc (NYSE:BERY) has risen 34.14% since April 27, 2016 and is uptrending. It has outperformed by 28.91% the S&P500.

Insitutional Activity: The institutional sentiment increased to 1.23 in 2016 Q2. Its up 0.05, from 1.18 in 2016Q1. The ratio increased, as 23 funds sold all Berry Plastics Group Inc shares owned while 91 reduced positions. 56 funds bought stakes while 79 increased positions. They now own 112.23 million shares or 5.59% less from 118.88 million shares in 2016Q1.

Deutsche Bancshares Ag reported 329,856 shares or 0.01% of all its holdings. Bank & Trust Of Montreal Can has 279,069 shares for 0.01% of their US portfolio. The New York-based Springbok Capital Mngmt Limited Liability Company has invested 0.01% in Berry Plastics Group Inc (NYSE:BERY). Insight Research And has 1.04% invested in the company for 76,551 shares. Scopus Asset L P accumulated 0.19% or 370,000 shares. Susquehanna Gru Llp, a Pennsylvania-based fund reported 60,467 shares. First Personal Fin last reported 0% of its portfolio in the stock. Vanguard Group Inc accumulated 8.56 million shares or 0.02% of the stock. Md Sass Invsts holds 4.13% or 2.17M shares in its portfolio. State Bank Of Ny Mellon Corp has 558,568 shares for 0.01% of their US portfolio. The United Kingdom-based Ahl Partners Llp has invested 0.03% in Berry Plastics Group Inc (NYSE:BERY). Fifth Third Comml Bank holds 0.3% or 922,899 shares in its portfolio. Mackenzie Fincl Corporation holds 0.02% or 73,895 shares in its portfolio. Moreover, Cubist Systematic Strategies Limited Liability Corp has 0.4% invested in Berry Plastics Group Inc (NYSE:BERY) for 175,376 shares. Rivulet Capital Limited Liability has 4.34% invested in the company for 414,033 shares.

Berry Plastics Group, Inc. is a provider of plastic consumer packaging and engineered materials. The company has a market cap of $6.58 billion. The Firm offers a range of products, including specialty closures, prescription vials, specialty films, adhesives, corrosion protection materials, as well as drink cups, thin-wall containers and bottles. It has a 29.97 P/E ratio. The Firm has three divisions: Health, Hygiene and Specialties; Consumer Packaging, and Engineered Materials.

According to Zacks Investment Research, “Berry Plastics Group, Inc. is a manufacturer and marketer of value-added plastic consumer packaging and engineered materials. The Company operates in three segments: Rigid Packaging, Engineered Materials and Flexible Packaging. Its rigid packaging products include containers, thermoformed polypropylene and injection-molded plastic drink cups, plastic home and party items, plastic garden products, closures, aerosol overcaps, polyethylene and PET bottles and plastic squeeze tubes for food and beverage, retail mass, healthcare, personal care, and household chemical consumer-oriented end markets. Berry’s flexible packaging products comprises of mono layer and coextruded films; barrier films for cereal, cookie, cracker, and dry mix packages; lamination films for carpet padding; films used for solar panel construction; component and packaging films; printed products; and coated and laminated packaging products. Berry Plastics Group, Inc. is headquartered in Evansville, Indiana.”

BERY Company Profile

Berry Plastics Group, Inc., incorporated on November 18, 2005, is a well-known provider of plastic consumer packaging and engineered materials. The Firm offers a range of products, including specialty closures, prescription vials, specialty films, adhesives, corrosion protection materials, as well as drink cups, thin-wall containers and bottles. The Firm has three divisions: Health, Hygiene and Specialties; Consumer Packaging, and Engineered Materials. The Firm sells its products to end markets, such as healthcare, personal care, and food and beverage. The Company’s Health, Hygiene and Specialties segment includes the personal care films and international business. The Company’s Consumer Packaging segment consists of the food and consumer films business, and the custom shrink films business. The Company’s Engineered Material segment includes the converter films business. The Firm has manufacturing and distribution centers in the United States, Canada, Mexico, Belgium, France, Australia, Germany, Brazil, Malaysia, India, China and the Netherlands.

More news for Berry Plastics Group Inc (NYSE:BERY) were recently published by: Moodys.com, which released: “Moody’s places Berry Plastics Group, Inc.’s ratings under review for downgrade” on August 25, 2016. Businesswire.com‘s article titled: “Berry Plastics Group, Inc. to Report Fourth Quarter and Fiscal Year 2016 …” and published on November 14, 2016 is yet another important article.

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