Berry Plastics Receives a Buy from Robert W. Baird

In a report issued on October 10, Ghansham Panjabi from Robert W. Baird reiterated a Buy rating on Berry Plastics (NYSE: BERY), with a price target of $65. The company’s shares opened today at $59.14, close to its 52-week high of $59.72.

According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 14.7% and a 83.6% success rate. Panjabi covers the Consumer Goods sector, focusing on stocks such as Multi Packaging Solutions, Sherwin-Williams Company, and Axalta Coating Systems.

Currently, the analyst consensus on Berry Plastics is Strong Buy and the average price target is $66.14, representing an 11.8% upside.

In a report issued on September 28, SunTrust Robinson also reiterated a Buy rating on the stock with a $65 price target.

The company has a one-year high of $59.72 and a one-year low of $42.74. Currently, Berry Plastics has an average volume of 879.2K.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BERY in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Berry Global Group, Inc. engages in manufacture and marketing of value-added plastic consumer packaging and engineered materials. It operates through the following segments: Rigid Packaging, Engineered Materials, and Flexible Packaging.

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