Berry Plastics Group Inc (BERY) is Initiated by Jefferies to Buy, Price Target at $52

Berry Plastics Group Inc (BERY) was Initiated by Jefferies to “Buy” and the brokerage firm has set the Price Target at $52. Jefferies advised their investors in a research report released on Oct 13, 2016.

Many Wall Street Analysts have commented on Berry Plastics Group Inc. JP Morgan Initiated Berry Plastics Group Inc on Sep 13, 2016 to “Overweight”, Price Target of the shares are set at $54.Company shares were Reiterated by RBC Capital Mkts on Aug 11, 2016 to “Outperform”, Firm has raised the Price Target to $ 47 from a previous price target of $44 .

On the company’s financial health, Berry Plastics Group Inc reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.21 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.61. The company had revenue of $1645.00 million for the quarter, compared to analysts expectations of $1679.32 million. The company’s revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Berry Plastics Group Inc closed down -0.3 points or -0.69% at $43.22 with 9,36,904 shares getting traded on Tuesday. Post opening the session at $43.48, the shares hit an intraday low of $42.785 and an intraday high of $43.65 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 24, 2016, Curt Begle (President) sold 20,000 shares at $44.02 per share price. According to the SEC, on May 25, 2016, Jason K. Greene (EVP – Chief Legal Officer) sold 6,314 shares at $39.02 per share price. On May 25, 2016, Mark W Miles (Chief Financial Officer) sold 10,000 shares at $38.54 per share price, according to the Form-4 filing with the securities and exchange commission.

Berry Plastics Group Inc. is engaged in providing plastic consumer packaging and engineered materials. The Company’s products include drink cups thin-wall containers bottles specialty closures prescription vials specialty films adhesives and corrosion protection materials. The Company operates in four operating segments: Rigid Open Top and Rigid Closed Top which sells primarily containers foodservice items closures overcaps bottles prescription containers and tubes; Engineered Materials which sells pipeline corrosion protection solutions tapes and adhesives PE (polyethylene)-based film products and can liners; and Flexible Packaging which sells high barrier multilayer film products as well as finished flexible packages such as printed bags and pouches. The Company sells its solutions into consumer-oriented end-markets such as food and beverage healthcare and personal care.

Berry Plastics Group Inc

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