Berry Plastics Group Inc. (NYSE:BERY) had its price objective increased by investment analysts at RBC Capital Markets from $54.00 to $60.00 in a note issued to investors on Thursday. The firm currently has an “outperform” rating on the stock. RBC Capital Markets’ price objective would suggest a potential upside of 20.55% from the stock’s previous close.

Several other research analysts have also recently issued reports on BERY. Zacks Investment Research raised shares of Berry Plastics Group from a “sell” rating to a “hold” rating and set a $48.00 price target for the company in a report on Monday, August 8th. Royal Bank Of Canada increased their price target on shares of Berry Plastics Group from $44.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, August 11th. Credit Suisse Group AG increased their target price on shares of Berry Plastics Group from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, August 12th. BMO Capital Markets increased their target price 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. Finally, Robert W. Baird increased their target price 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 equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $52.54.

Analyst Recommendations for Berry Plastics Group (NYSE:BERY)

Berry Plastics Group (NYSE:BERY) opened at 49.77 on Thursday. The firm has a market capitalization of $6.05 billion, a PE ratio of 29.77 and a beta of 1.07. Berry Plastics Group has a one year low of $27.79 and a one year high of $50.88. The stock’s 50 day moving average price is $44.81 and its 200 day moving average price is $42.17.

Berry Plastics Group (NYSE:BERY) last posted its quarterly earnings results on Tuesday, November 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.14. The firm earned $1.62 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Berry Plastics Group had a net margin of 3.64% and a return on equity of 660.12%. The firm’s revenue for the quarter was up 35.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. Analysts expect that Berry Plastics Group will post $2.35 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in BERY. Scout Investments Inc. purchased a new stake in shares of Berry Plastics Group during the third quarter worth about $227,000. Price T Rowe Associates Inc. MD raised its stake in shares of Berry Plastics Group by 9.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 951,034 shares of the company’s stock worth $41,703,000 after buying an additional 81,611 shares during the period. Quantitative Systematic Strategies LLC raised its stake in shares of Berry Plastics Group by 20.3% in the third quarter. Quantitative Systematic Strategies LLC now owns 27,211 shares of the company’s stock worth $1,203,000 after buying an additional 4,593 shares during the period. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Berry Plastics Group by 206.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 254,153 shares of the company’s stock worth $11,144,000 after buying an additional 171,334 shares during the period. Finally, Canyon Capital Advisors LLC raised its stake in shares of 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 worth $156,479,000 after buying an additional 347,526 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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