Jefferies (NYSE:JEF) analyst Philip Ng maintained a Buy rating on Berry Global Group (NYSE:BERY) on Thursday, setting a price target of $83, which is approximately 26.68% above the present share price of $65.52.
Ng expects Berry Global Group to post earnings per share (EPS) of $1.44 for the third quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in Berry Global Group, with an average price target of $83.17.
The analysts price targets range from a high of $86 to a low of $82.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $3.68 billion and a net profit of $347 million. The company's market cap is $8.86 billion.
According to TipRanks.com, Jefferies analyst Philip Ng is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 15.7% and a 73.35% success rate.
Berry Global Group, Inc. engages in the provision of value added engineered materials, nonwoven specialty materials and consumer packaging with customized solutions. It operates through the following segments: Consumer Packaging (NYSE:PKG) International, Consumer Packaging North America, Health, Hygiene & Specialties, and Engineered Materials. The Consumer Packaging International segment consists of containers, closures, dispensing systems, pharmaceutical devices and packaging, polythene films, and technical components. The Consumer Packaging North America segment consists of containers, foodservice items, closures, over caps, bottles, prescription vials, and tubes. The Engineered Materials segment consists of tapes and adhesives, polyethylene-based film products, can liners, and specialty coated and laminated products. The Health, Hygiene & Specialties segment consists of nonwoven specialty materials and films used in hygiene, infection prevention, personal care, industrial, construction, and filtration applications. The company was founded on November 18, 2005 and is headquartered in Evansville, IN.