Berry Global Group (BERY) Stock Forecast, Price Target & Predictions
BERY Stock Forecast
Berry Global Group stock forecast is as follows: an average price target of $72.75 (represents a 8.58% upside from BERY’s last price of $67.00) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
BERY Price Target
The average price target for Berry Global Group (BERY) is $72.75 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $84.00 to $62.00. This represents a potential 8.58% upside from BERY's last price of $67.00.
BERY Analyst Ratings
According to 6 Wall Street analysts, Berry Global Group's rating consensus is 'Buy'. The analyst rating breakdown for BERY stock is 0 'Strong Buy' (0.00%), 3 'Buy' (50.00%), 3 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Berry Global Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 04, 2024 | Stefan Diaz | Morgan Stanley | $76.00 | $68.26 | 11.34% | 13.43% |
| Apr 16, 2024 | Ghansham Panjabi | Robert W. Baird | $65.00 | $56.42 | 15.21% | -2.99% |
| Mar 27, 2024 | Michael Roxland | Truist Financial | $68.00 | $59.23 | 14.81% | 1.49% |
| Mar 15, 2024 | Arun Viswanathan | RBC Capital | $62.00 | $59.71 | 3.84% | -7.46% |
| Feb 07, 2023 | - | RBC Capital | $74.00 | $62.81 | 17.82% | 10.45% |
| Feb 06, 2023 | - | Wells Fargo | $75.00 | $64.30 | 16.64% | 11.94% |
| Feb 06, 2023 | - | Barclays | $67.00 | $64.30 | 4.20% | - |
| Feb 06, 2023 | - | Citigroup | $81.00 | $64.30 | 25.97% | 20.90% |
| Jan 10, 2023 | - | Morgan Stanley | $60.00 | $61.70 | -2.75% | -10.45% |
| Dec 06, 2022 | - | Credit Suisse | $75.00 | $61.35 | 22.25% | 11.94% |
The latest Berry Global Group stock forecast, released on Sep 04, 2024 by Stefan Diaz from Morgan Stanley, set a price target of $76.00, which represents a 11.34% increase from the stock price at the time of the forecast ($68.26), and a 13.43% increase from BERY last price ($67.00).
Berry Global Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 4 |
| Avg Price Target | - | $76.00 | $67.75 |
| Last Closing Price | $67.00 | $67.00 | $67.00 |
| Upside/Downside | -100.00% | 13.43% | 1.12% |
In the current month, the average price target of Berry Global Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Berry Global Group's last price of $67.00. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 04, 2024 | Morgan Stanley | Negative | Equal-Weight | Initialise |
| Sep 04, 2024 | Morgan Stanley | Equal-Weight | Negative | Initialise |
| Mar 15, 2024 | RBC Capital | Outperform | Sector Perform | Downgrade |
| Dec 18, 2023 | Wells Fargo | Overweight | Overweight | Hold |
| Oct 19, 2023 | Wells Fargo | Overweight | Overweight | Hold |
| Aug 10, 2023 | Wells Fargo | Overweight | Overweight | Hold |
| Feb 07, 2023 | RBC Capital | Outperform | Outperform | Hold |
| Feb 06, 2023 | Wells Fargo | Overweight | Overweight | Hold |
| Feb 06, 2023 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Feb 06, 2023 | Citigroup | Buy | Buy | Hold |
Berry Global Group's last stock rating was published by Morgan Stanley on Sep 04, 2024. The company Initialise its BERY rating from "Negative" to "Equal-Weight".
Berry Global Group Financial Forecast
Berry Global Group Revenue Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $2.85B | $3.09B | $3.23B | $3.29B | $3.06B | $3.42B | $3.73B | $3.77B | $3.14B | $3.67B | $3.67B | $3.37B | - | $3.01B | $2.91B | $2.98B | $2.82B | $3.02B | $1.94B |
| Avg Forecast | $3.26B | $3.24B | $3.18B | $2.94B | $3.21B | $3.22B | $3.16B | $2.90B | $3.13B | $3.26B | $3.16B | $2.99B | $3.14B | $3.42B | $3.47B | $3.33B | $3.65B | $3.77B | $3.70B | $3.39B | $3.47B | $3.23B | $3.19B | $2.91B | $2.97B | $2.98B | $3.04B | $2.90B | $3.08B | $2.03B |
| High Forecast | $3.26B | $3.24B | $3.18B | $2.94B | $3.21B | $3.22B | $3.16B | $2.90B | $3.25B | $3.26B | $3.16B | $3.04B | $3.31B | $3.42B | $3.47B | $3.33B | $3.65B | $3.77B | $3.70B | $3.39B | $3.47B | $3.23B | $3.19B | $2.91B | $2.97B | $2.98B | $3.04B | $2.90B | $3.08B | $2.03B |
| Low Forecast | $3.26B | $3.24B | $3.18B | $2.94B | $3.21B | $3.22B | $3.16B | $2.90B | $3.06B | $3.26B | $3.16B | $2.95B | $3.06B | $3.42B | $3.47B | $3.33B | $3.65B | $3.77B | $3.70B | $3.39B | $3.47B | $3.23B | $3.19B | $2.91B | $2.97B | $2.98B | $3.04B | $2.90B | $3.08B | $2.03B |
| # Analysts | 3 | 3 | 4 | 3 | 4 | 5 | 2 | 3 | 7 | 3 | 3 | 5 | 10 | 8 | 8 | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 7 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.95% | 0.98% | 0.94% | 0.95% | 0.92% | 0.94% | 0.99% | 1.02% | 0.93% | 1.06% | 1.14% | 1.06% | - | 1.01% | 0.98% | 0.98% | 0.97% | 0.98% | 0.95% |
Berry Global Group's average Quarter revenue forecast for Mar 24 based on 3 analysts is $3.16B, with a low forecast of $3.16B, and a high forecast of $3.16B. BERY's average Quarter revenue forecast represents a 10.59% increase compared to the company's last Quarter revenue of $2.85B (Dec 23).
Berry Global Group EBITDA Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 3 | 4 | 5 | 2 | 3 | 7 | 3 | 3 | 5 | 10 | 8 | 8 | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 7 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $157.00M | $301.00M | $267.00M | $525.00M | $420.00M | $531.00M | $399.00M | $549.00M | $494.00M | $521.00M | $541.00M | $539.00M | - | $531.00M | $563.00M | $275.00M | $166.00M | $346.00M | $202.00M |
| Avg Forecast | $474.84M | $472.17M | $463.10M | $429.09M | $467.37M | $469.93M | $460.21M | $423.13M | $455.75M | $474.48M | $917.75M | $435.96M | $457.82M | $498.91M | $834.32M | $523.15M | $531.77M | $549.09M | $892.32M | $494.08M | $505.84M | $471.33M | $413.65M | $424.67M | $432.40M | $434.07M | $244.16M | $423.41M | $449.55M | $296.22M |
| High Forecast | $474.84M | $472.17M | $463.10M | $429.09M | $467.37M | $469.93M | $460.21M | $423.13M | $473.12M | $474.48M | $1.10B | $443.25M | $482.17M | $498.91M | $1.00B | $627.78M | $531.77M | $549.09M | $1.07B | $494.08M | $505.84M | $471.33M | $496.38M | $424.67M | $432.40M | $434.07M | $292.99M | $423.41M | $449.55M | $296.22M |
| Low Forecast | $474.84M | $472.17M | $463.10M | $429.09M | $467.37M | $469.93M | $460.21M | $423.13M | $445.63M | $474.48M | $734.20M | $430.13M | $445.38M | $498.91M | $667.46M | $418.52M | $531.77M | $549.09M | $713.86M | $494.08M | $505.84M | $471.33M | $330.92M | $424.67M | $432.40M | $434.07M | $195.33M | $423.41M | $449.55M | $296.22M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.36% | 0.66% | 0.54% | 0.63% | 0.80% | 1.00% | 0.73% | 0.62% | 1.00% | 1.03% | 1.15% | 1.30% | - | 1.23% | 1.30% | 1.13% | 0.39% | 0.77% | 0.68% |
3 analysts predict BERY's average Quarter EBITDA for Mar 24 to be $917.75M, with a high of $1.10B and a low of $734.20M. This is 484.56% upper than Berry Global Group's previous annual EBITDA (Dec 23) of $157.00M.
Berry Global Group Net Income Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 3 | 4 | 5 | 2 | 3 | 7 | 3 | 3 | 5 | 10 | 8 | 8 | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 7 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $59.00M | $186.00M | $143.00M | $174.00M | $106.00M | $233.00M | $207.00M | $205.00M | $130.00M | $228.00M | $194.00M | $181.00M | - | $195.00M | $191.00M | $126.00M | $47.00M | $229.00M | $13.00M |
| Avg Forecast | $276.39M | $265.88M | $236.69M | $176.70M | $248.66M | $244.24M | $222.25M | $160.40M | $240.57M | $221.67M | $304.98M | $140.32M | $229.43M | $213.17M | $277.26M | $143.87M | $247.20M | $226.39M | $296.53M | $154.70M | $177.99M | $175.09M | $138.91M | $110.15M | $141.91M | $133.96M | $111.87M | $59.63M | $85.64M | $117.30M |
| High Forecast | $276.39M | $265.88M | $236.69M | $176.70M | $248.66M | $244.24M | $222.25M | $160.40M | $241.63M | $231.56M | $365.98M | $142.50M | $237.04M | $213.17M | $332.71M | $172.64M | $247.20M | $226.39M | $355.84M | $154.70M | $177.99M | $175.09M | $166.69M | $110.15M | $141.91M | $133.96M | $134.24M | $59.63M | $85.64M | $117.30M |
| Low Forecast | $276.39M | $265.88M | $236.69M | $176.70M | $248.66M | $244.24M | $222.25M | $160.40M | $239.50M | $211.77M | $243.99M | $137.06M | $183.76M | $213.17M | $221.81M | $115.09M | $247.20M | $226.39M | $237.22M | $154.70M | $177.99M | $175.09M | $111.13M | $110.15M | $141.91M | $133.96M | $89.50M | $59.63M | $85.64M | $117.30M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.42% | 0.81% | 0.67% | 0.63% | 0.74% | 0.94% | 0.91% | 0.69% | 0.84% | 1.28% | 1.11% | 1.30% | - | 1.37% | 1.43% | 1.13% | 0.79% | 2.67% | 0.11% |
Berry Global Group's average Quarter net income forecast for Mar 24 is $304.98M, with a range of $243.99M to $365.98M. BERY's average Quarter net income forecast represents a 416.92% increase compared to the company's last Quarter net income of $59.00M (Dec 23).
Berry Global Group SG&A Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 3 | 4 | 5 | 2 | 3 | 7 | 3 | 3 | 5 | 10 | 8 | 8 | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 7 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | $235.00M | $215.00M | $215.00M | $220.00M | $236.00M | $185.00M | $215.00M | $207.00M | $241.00M | $199.00M | $207.00M | $220.00M | - | $219.00M | $198.00M | $204.00M | $229.00M | $191.00M | $125.00M |
| Avg Forecast | $214.66M | $213.45M | $209.35M | $193.98M | $211.28M | $212.44M | $208.05M | $191.28M | $206.03M | $214.50M | $413.50M | $197.08M | $206.96M | $225.54M | $375.91M | $279.41M | $240.39M | $248.23M | $402.05M | $223.36M | $228.67M | $213.07M | $168.84M | $191.98M | $195.47M | $196.23M | $181.12M | $191.41M | $203.23M | $133.91M |
| High Forecast | $214.66M | $213.45M | $209.35M | $193.98M | $211.28M | $212.44M | $208.05M | $191.28M | $213.88M | $214.50M | $496.20M | $200.38M | $217.97M | $225.54M | $451.09M | $335.29M | $240.39M | $248.23M | $482.45M | $223.36M | $228.67M | $213.07M | $202.60M | $191.98M | $195.47M | $196.23M | $217.35M | $191.41M | $203.23M | $133.91M |
| Low Forecast | $214.66M | $213.45M | $209.35M | $193.98M | $211.28M | $212.44M | $208.05M | $191.28M | $201.45M | $214.50M | $330.80M | $194.45M | $201.34M | $225.54M | $300.73M | $223.53M | $240.39M | $248.23M | $321.64M | $223.36M | $228.67M | $213.07M | $135.07M | $191.98M | $195.47M | $196.23M | $144.90M | $191.41M | $203.23M | $133.91M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.19% | 1.04% | 0.95% | 0.59% | 0.84% | 0.77% | 0.87% | 0.51% | 1.08% | 0.87% | 0.97% | 1.30% | - | 1.12% | 1.01% | 1.13% | 1.20% | 0.94% | 0.93% |
Berry Global Group's average Quarter SG&A projection for Mar 24 is $413.50M, based on 3 Wall Street analysts, with a range of $330.80M to $496.20M. The forecast indicates a 75.96% rise compared to BERY last annual SG&A of $235.00M (Dec 23).
Berry Global Group EPS Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 4 | 3 | 4 | 5 | 2 | 3 | 7 | 3 | 3 | 5 | 10 | 8 | 8 | 7 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 7 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $0.51 | $1.59 | $1.20 | $1.44 | $0.86 | $1.87 | $1.61 | $1.53 | $0.97 | $1.68 | $1.44 | $1.35 | - | $1.47 | $1.44 | $0.95 | $0.36 | $1.73 | $0.10 |
| Avg Forecast | $2.37 | $2.28 | $2.03 | $1.51 | $2.13 | $2.09 | $1.90 | $1.37 | $2.06 | $1.90 | $1.75 | $1.20 | $1.97 | $1.83 | $1.71 | $1.18 | $2.12 | $1.94 | $1.79 | $1.33 | $1.53 | $1.50 | $1.28 | $0.94 | $1.22 | $1.15 | $1.07 | $0.51 | $0.73 | $1.01 |
| High Forecast | $2.37 | $2.28 | $2.03 | $1.51 | $2.13 | $2.09 | $1.90 | $1.37 | $2.07 | $1.98 | $1.83 | $1.22 | $2.03 | $1.83 | $1.71 | $1.18 | $2.12 | $1.94 | $1.79 | $1.33 | $1.53 | $1.50 | $1.28 | $0.94 | $1.22 | $1.15 | $1.07 | $0.51 | $0.73 | $1.01 |
| Low Forecast | $2.37 | $2.28 | $2.03 | $1.51 | $2.13 | $2.09 | $1.90 | $1.37 | $2.05 | $1.81 | $1.67 | $1.17 | $1.57 | $1.83 | $1.71 | $1.18 | $2.12 | $1.94 | $1.79 | $1.33 | $1.53 | $1.50 | $1.28 | $0.94 | $1.22 | $1.15 | $1.07 | $0.51 | $0.73 | $1.01 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.42% | 0.81% | 0.66% | 0.84% | 0.73% | 0.88% | 0.83% | 0.86% | 0.73% | 1.10% | 0.96% | 1.05% | - | 1.21% | 1.25% | 0.89% | 0.70% | 2.36% | 0.10% |
According to 3 Wall Street analysts, Berry Global Group's projected average Quarter EPS for Mar 24 is $1.75, with a low estimate of $1.67 and a high estimate of $1.83. This represents a 243.17% increase compared to BERY previous annual EPS of $0.51 (Dec 23).
Berry Global Group Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MYE | Myers Industries | $12.00 | $30.00 | 150.00% | - |
| SEE | Sealed Air | $35.68 | $51.70 | 44.90% | Buy |
| SON | Sonoco Products Company | $50.71 | $68.00 | 34.10% | Buy |
| REYN | Reynolds Consumer Products | $27.58 | $35.00 | 26.90% | Hold |
| OI | O-I Glass | $12.77 | $15.67 | 22.71% | Buy |
| CCK | Crown | $92.25 | $110.56 | 19.85% | Buy |
| AVY | Avery Dennison | $202.98 | $239.17 | 17.83% | Buy |
| BALL | Ball | $62.48 | $70.45 | 12.76% | Buy |
| GPK | Graphic Packaging Company | $28.63 | $31.88 | 11.35% | Buy |
| BERY | Berry Global Group | $67.00 | $72.75 | 8.58% | Buy |
| AMCR | Amcor | $10.11 | $10.80 | 6.82% | Hold |
| GEF | Greif | $68.93 | $73.50 | 6.63% | Buy |
| SLGN | Silgan | $55.13 | $53.40 | -3.14% | Buy |
| PKG | Packaging Corporation of America | $238.34 | $198.40 | -16.76% | Hold |