Stock Rating Runner: RBC Capital Analyst Reaffirmed $60.0 Price Target on Berry Plastics (BERY) stock, While Reiterating “Outperform” Rating

November 30, 2016 - By Michael Collier

Stock Rating Runner: RBC Capital Analyst Reaffirmed $60.0 Price Target on Berry Plastics (BERY) stock, While Reiterating

Berry Plastics (BERY) Rating

In a report issued on Wednesday morning, Berry Plastics (BERY) stock “Outperform” was reiterated by Analysts at RBC Capital. They currently have a $60.0 target price per share on the stock. RBC Capital’s target price per share would indicate a potential upside of 20.14% from the company’s last stock price.

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 6.15% above today’s ($49.93) stock price. Berry Plastics has been the topic of 2 analyst reports since September 13, 2016 according to StockzIntelligence Inc. On Thursday, October 13 the stock rating was initiated by Jefferies with “Buy”. JP Morgan initiated it with “Overweight” rating and $54.0 target price in Tuesday, September 13 report.

About 1.89M shares traded hands or 16.67% 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 Q2 2016. 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.

Hbk Investments L P accumulated 0.05% or 161,290 shares. Geode Capital Mngmt Limited Liability Company accumulated 740,071 shares or 0.02% of the stock. Janus Capital Mgmt Ltd Liability, a Colorado-based fund reported 13,000 shares. Pointstate Lp holds 0.01% of its portfolio in Berry Plastics Group Inc (NYSE:BERY) for 17,000 shares. First Republic Inc has 0.01% invested in the company for 15,303 shares. Babson Cap Ltd Limited Liability Company has invested 0.05% of its portfolio in Berry Plastics Group Inc (NYSE:BERY). Farmers & Merchants Invests has invested 0% of its portfolio in Berry Plastics Group Inc (NYSE:BERY). Kanaly Tru Company accumulated 0% or 86 shares. Mackenzie Fincl reported 73,895 shares or 0.02% of all its holdings. Checchi Capital Advisers Lc last reported 397 shares in the company. Guggenheim Cap Limited reported 23,020 shares or 0% of all its holdings. Shellback Cap L P has 95,989 shares for 0.48% of their US portfolio. Waratah Capital Advisors has 140,830 shares for 1.12% of their US portfolio. Ahl Llp holds 0.03% or 16,388 shares in its portfolio. Alliancebernstein L P has 0.01% invested in the company for 199,629 shares.

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 30.07 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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