The consensus among analysts is that Berry Global Group, Inc. (BERY) is a Buy stock at the moment, with a recommendation rating of 1.9. None of the analysts rate the stock as a Sell, while 2 rate it as Overweight. 3 out of 17 have rated it as a Hold, with 12 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $1.29.
Berry Global Group, Inc. (NYSE:BERY) trade information
Wall Street analysts have a consensus price target for the stock at $73.31, which means that the shares’ value could jump 10.96% from the levels at last check today. The projected low price target is $65 while the price target rests at a high of $86. In that case, then, we find that the latest price level in today’s session is +30.16% off the targeted high while a plunge would see the stock lose -1.62% from the levels at last check today.
Berry Global Group, Inc. (BERY) estimates and forecasts
Figures show that Berry Global Group, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +36.67% over the past 6 months, with this year growth rate of 11.13%, compared to 10.1% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 8.4% and -3.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be +7.8%.
13 analysts offering their estimates for the company have set an average revenue estimate of $3.19 Billion for the current quarter. 13 have an estimated revenue figure of $3.13 Billion for the next quarter concluding in June 01, 2021. Year-ago sales stood $2.98 Billion for this quarter, and analysts expect sales will grow by 7.1% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +42.8% over the past 5 years. Earnings growth for 2021 is a modest +37.9% while over the next 5 years, the company’s earnings are expected to increase by 10.79%.
Berry Global Group, Inc. (NYSE:BERY)’s Major holders
Insiders own 0.15% of the company shares, while shares held by institutions stand at 99.8% with a share float percentage of 99.95%. Investors are also buoyed by the number of investors in a company, with Berry Global Group, Inc. having a total of 471 institutions that hold shares in the company. The top two institutional holders are Edgepoint Investment Group Inc. with over 15.68 Million shares worth more than $881.03 Million. As of December 30, 2020, Edgepoint Investment Group Inc. held 11.71% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 11.85 Million shares as of December 30, 2020. The firm’s total holdings are worth over $665.9 Million and represent 8.85% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of December 30, 2020, the former fund manager holds about 2.8% shares in the company for having 3754536 shares of worth $210.97 Million while later fund manager owns 3.17 Million shares of worth $177.99 Million as of December 30, 2020, which makes it owner of about 2.37% of company’s outstanding stock.