Robert W. Baird analyst Ghansham Panjabi maintained a Buy rating on Berry Global Group (BERY – Research Report) on July 8 and set a price target of $73.00. The company’s shares closed last Friday at $56.56.
According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 7.4% and a 58.2% success rate. Panjabi covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and H.B. Fuller Company.
Currently, the analyst consensus on Berry Global Group is a Strong Buy with an average price target of $71.46, which is a 25.2% upside from current levels. In a report issued on July 20, Credit Suisse also upgraded the stock to Buy with a $78.00 price target.
Berry Global Group’s market cap is currently $7.37B and has a P/E ratio of 10.45.
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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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