The stock of Berry Plastics Group Inc (NYSE:BERY) is a huge mover today! About 1.37 million shares traded hands. Berry Plastics Group Inc (NYSE:BERY) has risen 25.62% since April 26, 2016 and is uptrending. It has outperformed by 20.36% the S&P500.
The move comes after 6 months positive chart setup for the $5.83B company. It was reported on Nov, 29 by Barchart.com. We have $50.27 PT which if reached, will make NYSE:BERY worth $233.20 million more.
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. $55 is the highest target while $35 is the lowest. The $47.33 average target is -2.09% below today’s ($48.34) stock price. Berry Plastics Group Inc has been the topic of 18 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating by JP Morgan given on Tuesday, September 13. The rating was maintained by Credit Suisse on Friday, August 12 with “Outperform”. Deutsche Bank maintained the shares of BERY in a report on Wednesday, November 18 with “Buy” rating. Citigroup maintained Berry Plastics Group Inc (NYSE:BERY) rating on Tuesday, July 19. Citigroup has “Buy” rating and $47 price target. Goldman Sachs initiated it with “Buy” rating and $50 target price in Thursday, May 12 report. The firm has “Outperform” rating given on Friday, August 26 by Robert W. Baird. Macquarie Research initiated it with “Outperform” rating and $42 target price in Tuesday, November 10 report. As per Wednesday, May 11, the company rating was maintained by RBC Capital Markets. The stock has “Overweight” rating given by Barclays Capital on Wednesday, June 15. The stock of Berry Plastics Group Inc (NYSE:BERY) earned “Outperform” rating by RBC Capital Markets on Thursday, August 11.
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 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.
Three Peaks Capital Mgmt Limited Co holds 215,536 shares or 1.45% of its portfolio. The Texas-based Avalon Advisors Ltd Limited Liability Company has invested 0.07% in Berry Plastics Group Inc (NYSE:BERY). State Board Of Administration Of Florida Retirement Sys has invested 0.01% of its portfolio in Berry Plastics Group Inc (NYSE:BERY). Capital Advisers Ltd Llc has 0.04% invested in the company for 98,463 shares. Counsel Port last reported 9,391 shares in the company. Mackenzie accumulated 73,895 shares or 0.02% of the stock. Citigroup owns 34,114 shares or 0% of their US portfolio. Adams Diversified Equity Fund holds 10,100 shares or 0.03% of its portfolio. Symphony Asset Mgmt Llc holds 0.04% or 9,016 shares in its portfolio. The New York-based Sir Cap Mngmt L P has invested 2.44% in Berry Plastics Group Inc (NYSE:BERY). Foundry Prns Ltd Liability Corporation reported 7,800 shares or 0.02% of all its holdings. Pine River Mngmt Limited Partnership holds 500,000 shares or 0.23% of its portfolio. Canada Pension Plan Invest Board accumulated 0.02% or 108,031 shares. The New York-based Jana Partners Limited Liability Corp has invested 1.67% in Berry Plastics Group Inc (NYSE:BERY). Rbf Capital Limited Liability Com has 10,000 shares for 0.08% of their US portfolio.
More important recent Berry Plastics Group Inc (NYSE:BERY) news were published by: Nasdaq.com which released: “Earnings Reaction History: Berry Plastics Group, Inc., 28.6% Follow-Through …” on November 29, 2016, also Businesswire.com published article titled: “Berry Plastics Group, Inc. Reports Fourth Quarter and Fiscal Year 2016 Results”, Moodys.com published: “Moody’s places Berry Plastics Group, Inc.’s ratings under review for downgrade” 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. to Report Fourth Quarter and Fiscal Year 2016 …” with publication date: November 14, 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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