November 30, 2016 - By Ruchi Gupta
Berry Plastics (NYSE:BERY) had its stock rating noted as Outperform by analysts at RBC Capital Mkts. RBC Capital Mkts currently has a $60 TP on the $6.60 billion market cap company or 20.22% upside potential. This was shown in a note on Wednesday, 30 November.
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 -5.17% below today’s ($49.91) stock price. Berry Plastics Group Inc has been the topic of 18 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The rating was initiated by SunTrust on Wednesday, July 13 with “Neutral”. The firm earned “Outperform” rating on Tuesday, November 10 by Macquarie Research. The stock of Berry Plastics Group Inc (NYSE:BERY) earned “Buy” rating by Citigroup on Tuesday, July 19. Goldman Sachs downgraded the shares of BERY in a report on Monday, August 3 to “Neutral” rating. As per Wednesday, September 2, the company rating was reinitiated by Citigroup. Jefferies initiated the stock with “Buy” rating in Thursday, October 13 report. RBC Capital Markets maintained Berry Plastics Group Inc (NYSE:BERY) on Wednesday, May 11 with “Outperform” rating. The firm has “Buy” rating given on Wednesday, November 18 by Deutsche Bank. The firm has “Outperform” rating given on Friday, February 19 by RBC Capital Markets. The firm earned “Outperform” rating on Friday, August 12 by Credit Suisse.
About 1.89 million shares traded hands or 16.67% 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 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.
Advisory Services Net Ltd last reported 100 shares in the company. Moreover, Checchi Capital Advisers Ltd Limited Liability Company has 0% invested in Berry Plastics Group Inc (NYSE:BERY) for 397 shares. Bb&T accumulated 0.02% or 30,369 shares. Us Comml Bank De has 0% invested in the company for 3,616 shares. The Maryland-based Calvert Inv Mngmt has invested 0.03% in Berry Plastics Group Inc (NYSE:BERY). Brenner West Capital Advisors Lc owns 2.84M shares or 9.61% of their US portfolio. Goldman Sachs Group Incorporated Inc accumulated 0.03% or 2.39M shares. Stevens Cap Mngmt Lp reported 76,213 shares or 0.12% of all its holdings. Citadel Advsr Ltd Liability Corporation holds 235,576 shares or 0.01% of its portfolio. Northern Tru accumulated 0.01% or 696,451 shares. Herndon Management Ltd Liability Corporation holds 0% or 1,366 shares in its portfolio. Fifth Third Fincl Bank has 922,899 shares for 0.3% of their US portfolio. Carlson Capital Lp, a Texas-based fund reported 130,000 shares. Weiss Multi has 240,400 shares for 0.72% of their US portfolio. Babson Mgmt Ltd Limited Liability Company accumulated 52,000 shares or 0.05% of the stock.
Berry Plastics Group, Inc. is a provider of plastic consumer packaging and engineered materials. The company has a market cap of $6.60 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 30.05 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.”
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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By Ruchi Gupta