Berry Global Group (BERY) Earning Positive Media Coverage, Study Shows

Media headlines about Berry Global Group (NYSE:BERY) have trended positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Berry Global Group earned a coverage optimism score of 0.35 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.74514750197 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

Shares of Berry Global Group (NYSE BERY) traded up $0.09 on Thursday, hitting $59.27. The company’s stock had a trading volume of 563,335 shares, compared to its average volume of 1,007,512. The firm has a market capitalization of $7,785.33, a PE ratio of 19.23, a PEG ratio of 0.86 and a beta of 1.07. Berry Global Group has a 12 month low of $47.19 and a 12 month high of $61.36. The company has a debt-to-equity ratio of 5.53, a quick ratio of 1.10 and a current ratio of 1.77.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings data on Thursday, November 16th. The industrial products company reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.08. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Berry Global Group had a return on equity of 58.69% and a net margin of 4.79%. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 earnings per share. analysts predict that Berry Global Group will post 3.45 EPS for the current year.

BERY has been the subject of a number of recent analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Berry Global Group in a research report on Friday, August 25th. Jefferies Group reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Berry Global Group in a research report on Thursday, August 31st. Citigroup reaffirmed a “buy” rating on shares of Berry Global Group in a research report on Thursday, August 31st. Robert W. Baird reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Berry Global Group in a research report on Friday, September 1st. Finally, ValuEngine downgraded Berry Global Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $67.82.

In other Berry Global Group news, CFO Mark W. Miles sold 10,000 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $58.54, for a total transaction of $585,400.00. Following the transaction, the chief financial officer now owns 52,916 shares in the company, valued at $3,097,702.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Curt Begle sold 6,397 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $60.04, for a total value of $384,075.88. Following the transaction, the president now owns 6,397 shares in the company, valued at approximately $384,075.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,378 shares of company stock worth $2,648,724. 3.11% of the stock is currently owned by insiders.

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About Berry Global Group

Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.

Insider Buying and Selling by Quarter for Berry Global Group (NYSE:BERY)

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