Last Updated: 10 Nov 2024
Executive Summary
Berry Global Group Inc. (BERY) is a leading manufacturer of rigid, flexible, and nonwoven plastic products for consumer and industrial markets. The company has a market capitalization of $7.72 billion and is currently trading at $67.29 per share. BERY has a strong track record of financial performance, with revenue growth and profitability margins consistently exceeding industry averages. The company's valuation metrics are attractive relative to peers, and analysts are bullish on its long-term prospects.
Company Overview
Berry Global Group Inc. is a global manufacturer and supplier of a wide range of plastic products. The company's products are used in a variety of industries, including packaging, healthcare, automotive, and construction. BERY has a strong global presence, with operations in over 50 countries. The company is headquartered in Evansville, Indiana.
Fundamental Analysis
BERY's financial performance has been strong in recent years. The company's revenue has grown at a compound annual growth rate (CAGR) of 5.5% over the past five years. Net income has grown at a CAGR of 10.2% over the same period. BERY's profitability margins are also strong, with gross margin and operating margin both above industry averages.
The company's balance sheet is also strong. BERY has a low level of debt and a strong cash position. The company's return on equity (ROE) is 16.4%, which is well above the industry average.
Technical Analysis
BERY's stock price has been in a strong uptrend in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also in bullish territory.
Short Term Outlook
BERY's stock price is expected to continue to rise in the short term. The company's strong financial performance and positive technical indicators suggest that the stock is undervalued.
Long Term Outlook
BERY's long-term outlook is also positive. The company is well-positioned to benefit from the growing demand for plastic products. The company's strong global presence and commitment to innovation will also drive long-term growth.
Analyst Recommendations
Analysts are bullish on BERY's long-term prospects. The consensus analyst rating is "Buy." The average analyst target price is $73.69, which represents a potential upside of 9.5% from the current price.
