In a report issued on June 22, Ghansham Panjabi from Robert W. Baird maintained a Buy rating on Berry Global Group (BERY – Research Report), with a price target of $73.00. The company’s shares closed last Monday at $57.24.
According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 7.4% and a 55.9% success rate. Panjabi covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and H.B. Fuller Company.
Berry Global Group has an analyst consensus of Moderate Buy, with a price target consensus of $72.00.
Based on Berry Global Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.78 billion and net profit of $205 million. In comparison, last year the company earned revenue of $3.37 billion and had a net profit of $181 million.
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Berry Global Group, Inc. engages in the provision of value added engineered materials, nonwoven specialty materials and consumer packaging with customized solutions. It operates through the following segments: Consumer Packaging International, Consumer Packaging North America, Health, Hygiene & Specialties, and Engineered Materials. The Consumer Packaging International segment consists of containers, closures, dispensing systems, pharmaceutical devices and packaging, polythene films, and technical components. The Consumer Packaging North America segment consists of containers, foodservice items, closures, over caps, bottles, prescription vials, and tubes. The Engineered Materials segment consists of tapes and adhesives, polyethylene-based film products, can liners, and specialty coated and laminated products. The Health, Hygiene & Specialties segment consists of nonwoven specialty materials and films used in hygiene, infection prevention, personal care, industrial, construction, and filtration applications. The company was founded on November 18, 2005 and is headquartered in Evansville, IN.
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