The stock of Berry Plastics Group Inc (NYSE:BERY) reached all time high today, Nov, 29 and still has $51.45 target or 5.00% above today’s $49.00 share price. This indicates more upside for the $5.91 billion company. This technical setup was reported by Barchart.com. If the $51.45 PT is reached, the company will be worth $295.50M 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 891,237 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.
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 -3.41% below today’s ($49) 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 “Buy” rating by Jefferies given on Thursday, October 13. As per Monday, August 3, the company rating was downgraded by Goldman Sachs. The rating was maintained by RBC Capital Markets on Thursday, August 11 with “Outperform”. Robert W. Baird maintained the stock with “Outperform” rating in Friday, August 26 report. The stock of Berry Plastics Group Inc (NYSE:BERY) earned “Outperform” rating by Macquarie Research on Tuesday, November 10. SunTrust initiated the shares of BERY in a report on Wednesday, July 13 with “Neutral” rating. As per Wednesday, May 11, the company rating was maintained by RBC Capital Markets. BMO Capital Markets maintained Berry Plastics Group Inc (NYSE:BERY) on Friday, August 26 with “Market Perform” rating. Citigroup maintained the shares of BERY in a report on Tuesday, July 19 with “Buy” rating. The stock has “Buy” rating given by Goldman Sachs on Thursday, May 12.
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 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.
Citadel Advisors Limited Company reported 235,576 shares or 0.01% of all its holdings. Price T Rowe Associates Md accumulated 869,423 shares or 0.01% of the stock. Canyon Capital Limited Liability Co holds 3.22 million shares or 4.98% of its portfolio. Mark Sheptoff Financial Planning Ltd Liability Company has invested 0.1% of its portfolio in Berry Plastics Group Inc (NYSE:BERY). Suffolk Cap Limited Liability Corporation owns 67,173 shares or 0.34% of their US portfolio. Apriem has 0% invested in the company for 100 shares. Ubs Asset Management Americas last reported 0% of its portfolio in the stock. The New York-based Laurion Mgmt Limited Partnership has invested 0.16% in Berry Plastics Group Inc (NYSE:BERY). Monarch Prtnrs Asset Limited Co accumulated 162,840 shares or 0.63% of the stock. Westpac Corp owns 6,878 shares or 0% of their US portfolio. Eagle Asset Mgmt holds 0.05% or 199,277 shares in its portfolio. Lord Abbett & Limited Liability Corporation holds 0.22% of its portfolio in Berry Plastics Group Inc (NYSE:BERY) for 1.84 million shares. Credit Suisse Ag holds 0.01% or 226,377 shares in its portfolio. Quantitative Systematic Strategies Limited Liability Company has 22,618 shares for 0.4% of their US portfolio. Bluecrest Cap Mngmt Ltd has 0.09% invested in the company for 53,531 shares.
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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