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12/07/2023 16:10:00 EST
Berry Global Group Inc (BERY)
Industry: Packaging & Containers
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 30 trading days, BERY has been trading in a range between $64.37 and $53.94 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
BERY is trading below resistance at $67.24, about 3% to the upside. There is support at $64.30 -2% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Berry Global Group Inc (BERY) entered a Green zone 17 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 4.333, which is a Strong Buy. The current analyst target price is $72.92, which gives it a potential upside of 11.48 % from the recent price of 65.41. The stock is trading 3.13% (potential upside) below its 52 week high of $67.46 and 23.02 % (potential downside) above its 52 week low of $53.17 - based on the recent price.
Company Summary
Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.
News
| Berry Global (BERY) Gains 12.9% in a Year: Will the Trend Last? Cost-reduction actions and accretive acquisition augur well for Berry Global (BERY). The company's shareholder-friendly policies are promising. Source: Zacks Investment Research Tue, 28 Nov 2023 11:17:35 -0500 Sentiment: Positive |
| Berry Global: Early Innings Of A Turnaround Berry Global Group has shown strong earnings and revenue growth, but its valuation has lagged its peers for years. The company is in the midst of a turnaround, having appointed a new CEO and a commitment to unlocking shareholder value. As Berry's operating results improve and its capital allocation strategy plays out, I anticipate institutional investors will take notice, driving share price appreciation over the long term. Source: Seeking Alpha Mon, 20 Nov 2023 12:21:58 -0500 Sentiment: Positive |
| Berry Global (BERY) Rewards Shareholders With 10% Dividend Hike Berry Global (BERY) follows a balanced capital allocation strategy, utilizing its cash flow for paying out dividends, repurchasing shares and acquiring businesses. Source: Zacks Investment Research Mon, 20 Nov 2023 09:01:15 -0500 Sentiment: Positive |
| Berry Global FY2023 Results: Annual Report Inspires Confidence Berry Global operates in the stable and countercyclical plastic packaging sector. The company has been trading at a chronic, well-deserved undervaluation compared to the sector due to shareholder-unfriendly capital allocation. Three activist funds decided to change the course of the company and in the last annual report we can see substantial positive changes in capital allocation. Source: Seeking Alpha Sat, 18 Nov 2023 12:48:34 -0500 Sentiment: Positive |
| Berry Global Group, Inc. (BERY) Q4 2023 Earnings Call Transcript Berry Global Group, Inc. (NYSE:BERY ) Q4 2023 Earnings Conference Call November 16, 2023 10:00 AM ET Company Participants Dustin Stilwell - IR Kevin Kwilinski - Chairman & CEO Mark Miles - CFO Conference Call Participants George Staphos - Bank of America John Roberts - Mizuho Phil Ng - Jefferies Gabe Hajde - Wells Fargo Anthony Pettinari - Citi Ghansham Panjabi - Baird Arun Viswanathan - RBC Capital Markets Adam Samuelson - Goldman Sachs Niccolo Piccini - Truist Chris Perrella - UBS Matt Roberts - Raymond James George Staphos - Bank of America Operator Good day and thank you for standing by. Welcome to the Q4 2023 Berry Global Group, Inc., -- excuse me -- Earnings Conference Call. Source: Seeking Alpha Fri, 17 Nov 2023 18:50:25 -0500 Sentiment: Neutral |
Technicals 52 Week Hi: 67.461 52 Week Low: 53.1662 Beta: 1.232 50 Day MA: 59.4308 200 Day MA: 60.7884 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.165 Qtr Revenue Growth YOY: -0.098 Forward PE: 8.0775 Trailing PE: 13.1091