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Wednesday, February 1, 2023

Are Things Looking Up For Berry Global Group Inc. (NYSE: BERY)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Berry Global Group Inc. (BERY) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $58.98. The Berry Global Group Inc. has recorded 52,761 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Berry Global Group, Inc. to Release First Fiscal Quarter 2023 Results on February 2, 2023.

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Stocks Info

The company is listed on the NYSE and operates within the Packaging & Containers industry segment. At the end of the last regular session, the stock closed at $58.98 and fluctuated between $59.86 as its day high and $58.87 as its day low. The current market capitalization of Berry Global Group Inc. is $7.12B. A total of 0.65 million shares were traded on the day, compared to an average of 984.93K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, BERY has seen 10 BUY and 1 SELL insider trades, representing the acquisition of 19,819 and the disposition of 10,000 shares. Over the last 12 months, there were 12 BUYs and 3 SELLs from insiders. Insiders purchased 65,634 shares during that period but sold 35,207.

In the most recent transaction, Greene Jason K. sold 10,000 shares of BERY for 62.00 per share on Dec 06. After the transaction, the EVP – Chief Legal Officer now owns 250 company shares. In a previous transaction on Sep 26, Hill Michael Edward sold 1,000 shares at 47.17 per share. BERY shares that President owns now total 0.

Among the insiders who sold shares, Salmon Tom disposed of 24,207 shares on Aug 26 at a per-share price of $16.00. This resulted in the Chief Executive Officer holding 66,193 shares of BERY after the transaction.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Berry Global Group Inc. pays an annual dividend of $1.00, resulting in a dividend yield of 1.70%, and it has a price to earnings (P/E) ratio of 10.13. BERY’s most recent ex-dividend date was 11/30/2022 when it declared a $0.25 quarterly dividend that was paid in cash on 12/15/2022.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for BERY in the last 3 months, the mean price target is $69.27 with high estimates of $78.00 and low estimates of $60.00. In terms of 52-week highs and lows, BERY has a high of $68.68 and a low of $44.52.

As of this writing, BERY has an earnings estimate of $2.13 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $2.23 per share and a lower estimate of $1.59. The company reported an EPS of $1.93 in the last quarter, which was 9.00% higher than expectations of $1.77.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 18 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BERY is Underweight with a score of 4.00. A total of 10 analysts rated the stock as Buy while 2 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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