Berry Plastics Group Inc. (NYSE:BERY) had its target price increased by JPMorgan Chase & Co. from $54.00 to $58.00 in a research report issued on Wednesday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 16.54% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Berry Plastics Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 25th. BMO Capital Markets lifted their price objective on shares of Berry Plastics Group from $37.00 to $43.00 and gave the company a “market perform” rating in a report on Friday, August 26th. Jefferies Group restated a “buy” rating and issued a $52.00 price objective on shares of Berry Plastics Group in a report on Thursday, October 20th. Deutsche Bank AG restated a “buy” rating and issued a $56.00 price objective (up previously from $52.00) on shares of Berry Plastics Group in a report on Monday, August 29th. Finally, Robert W. Baird lifted their price objective on shares of Berry Plastics Group from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, August 26th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $51.54.

Analyst Recommendations for Berry Plastics Group (NYSE:BERY)

Shares of Berry Plastics Group (NYSE:BERY) traded down 0.34% on Wednesday, reaching $49.77. 2,895,445 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $44.81 and a 200 day moving average of $42.17. Berry Plastics Group has a one year low of $27.79 and a one year high of $50.88. The firm has a market capitalization of $6.05 billion, a P/E ratio of 29.77 and a beta of 1.07.

Berry Plastics Group (NYSE:BERY) last announced its quarterly earnings results on Tuesday, November 29th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.14. Berry Plastics Group had a net margin of 3.41% and a return on equity of 1,464.14%. The business earned $1.62 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same period last year, the business earned $0.50 earnings per share. The business’s revenue for the quarter was up 35.3% on a year-over-year basis. On average, equities research analysts predict that Berry Plastics Group will post $2.35 EPS for the current year.

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Hedge funds have recently modified their holdings of the company. Boston Partners increased its stake in shares of Berry Plastics Group by 15.4% in the third quarter. Boston Partners now owns 8,160,370 shares of the company’s stock valued at $357,832,000 after buying an additional 1,091,707 shares in the last quarter. Anchor Bolt Capital LP increased its stake in Berry Plastics Group by 12.6% in the second quarter. Anchor Bolt Capital LP now owns 5,423,958 shares of the company’s stock valued at $210,721,000 after buying an additional 605,040 shares during the period. Canyon Capital Advisors LLC increased its stake in Berry Plastics Group by 10.8% in the third quarter. Canyon Capital Advisors LLC now owns 3,568,501 shares of the company’s stock valued at $156,479,000 after buying an additional 347,526 shares during the period. Wells Fargo & Company MN increased its stake in Berry Plastics Group by 616.4% in the third quarter. Wells Fargo & Company MN now owns 3,164,361 shares of the company’s stock valued at $138,759,000 after buying an additional 2,722,667 shares during the period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Berry Plastics Group by 2.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 3,018,675 shares of the company’s stock valued at $132,369,000 after buying an additional 59,340 shares during the period.

Berry Plastics Group Company Profile

Berry Plastics Group, Inc is a provider of plastic consumer packaging and engineered materials. The Company offers a range of products, including specialty closures, prescription vials, specialty films, adhesives, corrosion protection materials, as well as drink cups, thin-wall containers and bottles.

5 Day Chart for NYSE:BERY

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