Rating Action: KeyBanc Covers Berry Plastics (BERY). What Is Next?

November 30, 2016 - By Peter Kolinski

Rating Action: KeyBanc Covers Berry Plastics (BERY). What Is Next?

How KeyBanc Rates Berry Plastics (BERY)

EU: Berry Plastics (BERY) coverage was started with a Sector Weight rating by stock analysts at KeyBanc. This was issued to clients in analysts report on Wednesday morning.

Berry Plastics Group Inc (NYSE:BERY) Ratings Coverage

Out of 2 analysts covering Berry Plastics (BERY), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $54.0 is the highest target while $52.0 is the lowest. The $53 average target is 5.87% above today’s ($50.06) stock price. Berry Plastics has been the topic of 2 analyst reports since September 13, 2016 according to StockzIntelligence Inc. The firm has “Overweight” rating by JP Morgan given on Tuesday, September 13. Jefferies initiated Berry Plastics Group Inc (NYSE:BERY) on Thursday, October 13 with “Buy” rating.

About 2.89 million shares traded hands or 78.40% up from the average. Berry Plastics Group Inc (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 improved, 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.

Nomura Asset Management last reported 2,030 shares in the company. Parkside National Bank & has invested 0% of its portfolio in Berry Plastics Group Inc (NYSE:BERY). Boston Advsrs Ltd Liability Company last reported 0.13% of its portfolio in the stock. Emerald Advisers Inc Pa reported 193,410 shares or 0.36% of all its holdings. Pnc Fin Ser Group Incorporated has 10,034 shares for 0% of their US portfolio. The Washington-based Parametric Portfolio Assocs Limited Liability Co has invested 0.02% in Berry Plastics Group Inc (NYSE:BERY). The Illinois-based Northern Tru has invested 0.01% in Berry Plastics Group Inc (NYSE:BERY). Geode Capital Management Lc has invested 0.02% of its portfolio in Berry Plastics Group Inc (NYSE:BERY). The Maryland-based Price T Rowe Associates Md has invested 0.01% in Berry Plastics Group Inc (NYSE:BERY). Royal Financial Bank Of Canada has 0.02% invested in the company for 842,136 shares. Morgan Stanley last reported 186,913 shares in the company. Bnp Paribas Arbitrage last reported 0.02% of its portfolio in the stock. Federated Invsts Pa last reported 140,695 shares in the company. Moreover, Shellback Capital Ltd Partnership has 0.48% invested in Berry Plastics Group Inc (NYSE:BERY) for 95,989 shares. Moreover, Great Lakes Advsr Lc has 0.05% invested in Berry Plastics Group Inc (NYSE:BERY) for 49,297 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 recent Berry Plastics Group Inc (NYSE:BERY) news were published by: Moodys.com which released: “Moody’s places Berry Plastics Group, Inc.’s ratings under review for downgrade” on August 25, 2016. Also Businesswire.com published the news titled: “Berry Plastics Group, Inc. to Report Fourth Quarter and Fiscal Year 2016 …” on November 14, 2016. Plasticsnews.com‘s news article titled: “Berry Plastics buying AEP for $765 million” with publication date: August 25, 2016 was also an interesting one.

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