Economy

SunTrust Banks Boosts Berry Global Group (BERY) Price Target to $69.00

The stock decreased 0.68% or $0.35 during the last trading session, reaching $51.15. About 598,806 shares traded. Tetraphase Pharmaceuticals, Inc. (TTPH) has risen 106.58% since December 4, 2016 and is uptrending. It has underperformed by 39.93% the S&P500.

In other Berry Global Group news, President Curt Begle sold 22,541 shares of the stock in a transaction on Friday, October 20th. (NYSE:BERY) reached all time high today, Dec, 4 and still has $65.37 target or 7.00% above today's $61.09 share price. This indicates more upside for the $8.00B company. The stock increased 1.26% or $0.76 during the last trading session, reaching $60.84. About 1.84 million shares traded. The Pennsylvania-based Pnc Financial Group has invested 0.13% in Berry Global Group, Inc. It has outperformed by 30.98% the S&P500. Goldman Sachs has invested 0.04% of its portfolio in Berry Global Group, Inc. The company has market cap of $7.99 billion. The firm operates in two divisions, North American Retail and North American Business Solutions. It offers containers; foodservice products, such as thermoformed polypropylene and injection-molded plastic drink cups; closures and over caps comprising continuous-thread and child-resistant closures, as well as aerosol over caps; bottle and prescription containers; and extruded and laminate tubes.

Among 16 analysts covering Berry Plastics Group Inc (NYSE:BERY), 13 have Buy rating, 0 Sell and 3 Hold. Monroe Bank & Trust And Trust Mi stated it has 0% in Berry Global Group, Inc. Berry Global Group presently has a consensus rating of "Buy" and an average target price of $67.82. Berry Plastics Group Inc had 51 analyst reports since August 3, 2015 according to SRatingsIntel. Berry Global Group's quarterly revenue was up 16.3% on a year-over-year basis. equities analysts expect that Berry Global Group will post 3.45 earnings per share for the current year. The stock has "Buy" rating by RBC Capital Markets on Monday, November 20. RBC Capital Markets has "Buy" rating and $6500 target. Jefferies maintained the shares of BERY in report on Wednesday, June 7 with "Buy" rating. The company was upgraded on Monday, June 26 by Suntrust Robinson. Barclays upped their price objective on Berry Global Group from $65.00 to $71.00 and gave the company an "overweight" rating in a research note on Monday, August 7th. (NYSE:BERY) earned "Buy" rating by RBC Capital Markets on Monday, August 14. BMO Capital Markets maintained it with "Hold" rating and $6300 target in Wednesday, July 19 report. As per Thursday, August 11, the company rating was maintained by RBC Capital Markets. The rating was maintained by SunTrust with "Buy" on Thursday, November 16. CrestPoint Capital Management LLC purchased a new position in shares of Berry Global Group during the 2nd quarter valued at about $205,000. (NYSE:BERY) on Friday, August 12 with "Outperform" rating.

Investors sentiment decreased to 0.92 in 2017 Q2. The firm has a market capitalization of $7,870.48, a P/E ratio of 19.44, a PEG ratio of 0.87 and a beta of 1.07. It turned negative, as 28 investors sold Office Depot, Inc. shares while 81 reduced holdings.

Several hedge funds and other institutional investors have recently made changes to their positions in BERY. 468.70 million shares or 1.45% more from 462.01 million shares in 2017Q1 were reported. Dekabank Deutsche Girozentrale accumulated 4,996 shares. (NYSE:BERY). Castleark Mngmt Lc reported 248,377 shares. Leuthold Gp Limited Liability Com holds 105,607 shares or 0.65% of its portfolio. New York-based Quantbot Tech L P has invested 0.15% in Berry Global Group, Inc. (NYSE:BERY) for 236,099 shares. (NYSE:BERY) rating on Wednesday, September 27. (NYSE:BERY). Jaffetilchin Investment Prns Ltd holds 0.34% of its portfolio in Berry Global Group, Inc. Moreover, Rhenman & Partners Asset Management Ab has 0.31% invested in the company for 300,000 shares.

Opaleye Management Inc. holds 0.98% of its portfolio in Tetraphase Pharmaceuticals, Inc. for 330,000 shares. Reliant Inv Mngmt Limited Liability Company invested 1.6% of its portfolio in Berry Global Group, Inc. Los Angeles Capital Management & Equity has invested 0.01% of its portfolio in Berry Global Group, Inc. Credit Suisse maintained Berry Global Group, Inc. Its up 0.19, from 0.82 in 2017Q1. (NASDAQ:ODP). Qs Invsts Ltd reported 320,193 shares. Whittier Of Nevada reported 0% stake. (NYSE:BERY) for 36,901 shares. Three Peaks Cap Management Ltd holds 220,434 shares. Canyon Capital Advisors Llc acquired 588,201 shares as Berry Global Group Inc (BERY)'s stock rose 10.63%. Seatown Pte Limited reported 343,550 shares. It also reduced Service Corp Intl (NYSE:SCI) stake by 515,283 shares and now owns 983,717 shares. Stifel Fin Corp accumulated 92,212 shares. Rbf Capital Limited Liability Co reported 85,000 shares. Federated Pa holds 202,781 shares. Bokf Na owns 7,352 shares or 0.01% of their U.S. portfolio.

First Manhattan Company decreased Northrop Grumman Co (NYSE:NOC) stake by 1,250 shares to 14,945 valued at $3.84 million in 2017Q2. It also reduced Pacific Premier Banc (NASDAQ:PPBI) stake by 12,716 shares and now owns 95,753 shares. Electronic Arts Inc (NASDAQ:EA) was raised too.

Among 28 analysts covering Emerson Electric Co. Therefore 25% are positive. Ftb Advsr Inc has invested 0.02% in Berry Global Group, Inc. Telsey Advisory Group maintained it with "Outperform" rating and $6.50 target in Wednesday, February 24 report. The stock has "Sector Perform" rating by RBC Capital Markets on Wednesday, November 4. (NYSE:EMR), 8 have Buy rating, 2 Sell and 18 Hold. The company was downgraded on Wednesday, May 11 by Telsey Advisory Group.



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