The stock of Berry Plastics Group Inc (NYSE:BERY) reached all time high today, Nov, 23 and still has $49.62 target or 7.00% above today’s $46.37 share price. This indicates more upside for the $5.67 billion company. This technical setup was reported by Barchart.com. If the $49.62 PT is reached, the company will be worth $396.90 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 100,938 shares traded hands. Berry Plastics Group Inc (NYSE:BERY) has risen 31.75% since April 21, 2016 and is uptrending. It has outperformed by 26.42% the S&P500.
Analysts await Berry Plastics Group Inc (NYSE:BERY) to report earnings on November, 29 before the open. They expect $0.59 EPS, up 18.00% or $0.09 from last year’s $0.5 per share. BERY’s profit will be $72.14M for 19.65 P/E if the $0.59 EPS becomes a reality. After $0.82 actual EPS reported by Berry Plastics Group Inc for the previous quarter, Wall Street now forecasts -28.05% negative EPS growth.
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. Berry Plastics Group Inc has been the topic of 18 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Berry Plastics Group Inc (NYSE:BERY) earned “Overweight” rating by Barclays Capital on Wednesday, June 15. The firm has “Buy” rating by Jefferies given on Thursday, October 13. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, August 11. On Friday, August 12 the stock rating was maintained by Credit Suisse with “Outperform”. The rating was initiated by Macquarie Research on Tuesday, November 10 with “Outperform”. BMO Capital Markets maintained Berry Plastics Group Inc (NYSE:BERY) on Friday, August 26 with “Market Perform” rating. The firm has “Buy” rating given on Tuesday, July 19 by Citigroup. The rating was initiated by Goldman Sachs with “Buy” on Thursday, May 12. The firm has “Neutral” rating by Goldman Sachs given on Monday, August 3. JP Morgan initiated Berry Plastics Group Inc (NYSE:BERY) rating on Tuesday, September 13. JP Morgan has “Overweight” rating and $54 price target.
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.”
Insitutional Activity: The institutional sentiment increased to 1.23 in Q2 2016. 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.
Monarch Prns Asset Mgmt Ltd Liability has invested 0.63% of its portfolio in Berry Plastics Group Inc (NYSE:BERY). 3G Capital Prtn Lp reported 1.00M shares or 3.06% of all its holdings. Boston Advisors Limited Liability Corporation has invested 0.13% of its portfolio in Berry Plastics Group Inc (NYSE:BERY). Moreover, Ladenburg Thalmann Fincl Svcs has 0% invested in Berry Plastics Group Inc (NYSE:BERY) for 2,507 shares. The New Jersey-based Advisors Management Ltd has invested 0.17% in Berry Plastics Group Inc (NYSE:BERY). Lynch & Associate In last reported 5,838 shares in the company. Cantab Capital Partners Limited Liability Partnership has invested 0% of its portfolio in Berry Plastics Group Inc (NYSE:BERY). Bamco, a New York-based fund reported 1.20M shares. Capwealth Lc holds 56,946 shares or 0.54% of its portfolio. Fdx Advisors Incorporated reported 8,288 shares or 0.01% of all its holdings. Md Sass Invsts reported 2.17M shares or 4.13% of all its holdings. Canyon Cap Limited Liability Company accumulated 4.98% or 3.22 million shares. Luminus Management Ltd Limited Liability Company owns 1.06 million shares or 1.19% of their US portfolio. Springbok Cap Mgmt Limited Liability Corp accumulated 2,500 shares or 0.01% of the stock. Lmr Partners Limited Liability Partnership holds 61,521 shares or 0.37% of its portfolio.
More important recent Berry Plastics Group Inc (NYSE:BERY) news were published by: Businesswire.com which released: “Berry Plastics Group, Inc. to Report Fourth Quarter and Fiscal Year 2016 …” on November 14, 2016, also Moodys.com published article titled: “Moody’s places Berry Plastics Group, Inc.’s ratings under review for downgrade”, Plasticsnews.com published: “Berry Plastics buying AEP for $765 million” on August 25, 2016. More interesting news about Berry Plastics Group Inc (NYSE:BERY) was released by: Businesswire.com and their article: “Berry Plastics Group, Inc. Announces Hygiene and Healthcare Capacity Investment” with publication date: May 03, 2016.
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.
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