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 $76.00 (represents a 10.67% upside from BERY’s last price of $68.67) 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 $76.00 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $76.00 to $76.00. This represents a potential 10.67% upside from BERY's last price of $68.67.
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% | 10.67% |
| Apr 16, 2024 | Ghansham Panjabi | Robert W. Baird | $65.00 | $56.42 | 15.21% | -5.34% |
| Mar 27, 2024 | Michael Roxland | Truist Financial | $68.00 | $59.23 | 14.81% | -0.98% |
| Mar 15, 2024 | Arun Viswanathan | RBC Capital | $62.00 | $59.71 | 3.84% | -9.71% |
| Feb 07, 2023 | RBC Capital | $74.00 | $62.81 | 17.82% | 7.76% | |
| Feb 06, 2023 | Wells Fargo | $75.00 | $64.30 | 16.64% | 9.22% | |
| Feb 06, 2023 | Barclays | $67.00 | $64.30 | 4.20% | -2.43% | |
| Feb 06, 2023 | Citigroup | $81.00 | $64.30 | 25.97% | 17.96% | |
| Jan 10, 2023 | Morgan Stanley | $60.00 | $61.70 | -2.75% | -12.63% | |
| Dec 06, 2022 | Credit Suisse | $75.00 | $61.35 | 22.25% | 9.22% | |
| Nov 17, 2022 | RBC Capital | $71.00 | $53.00 | 33.96% | 3.39% | |
| Oct 03, 2022 | Barclays | $55.00 | $46.53 | 18.20% | -19.91% | |
| Aug 04, 2022 | Mizuho Securities | $69.00 | $54.50 | 26.61% | 0.48% | |
| May 10, 2022 | RBC Capital | $70.00 | $55.54 | 26.04% | 1.94% | |
| May 09, 2022 | Deutsche Bank | $69.00 | $56.36 | 22.43% | 0.48% | |
| May 06, 2022 | Robert W. Baird | $73.00 | $59.12 | 23.49% | 6.31% | |
| Jan 28, 2022 | Curt Woodworth | Credit Suisse | $78.00 | $67.03 | 16.37% | 13.59% |
| Jan 20, 2022 | Angel Castillo | Morgan Stanley | $79.00 | $71.88 | 9.91% | 15.04% |
| Jan 12, 2022 | Michael Roxland | Truist Financial | $88.00 | $72.97 | 20.60% | 28.15% |
| Nov 19, 2021 | Adam Samuelson | Goldman Sachs | $84.00 | $65.51 | 28.22% | 22.32% |
| Jul 06, 2021 | George Staphos | Bank of America Securities | $82.00 | $65.30 | 25.57% | 19.41% |
| May 05, 2021 | Kyle White, CFA | Deutsche Bank | $78.00 | $66.26 | 17.72% | 13.59% |
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 10.67% increase from BERY last price ($68.67).
Berry Global Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 4 |
| Avg Price Target | - | - | $67.75 |
| Last Closing Price | $68.67 | $68.67 | $68.67 |
| Upside/Downside | -100.00% | -100.00% | -1.34% |
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 $68.67. This month's average price target is down NaN% 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 |
| Jan 10, 2023 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Dec 06, 2022 | Credit Suisse | Outperform | Outperform | Hold |
| Oct 03, 2022 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Jul 20, 2022 | Credit Suisse | Outperform | Upgrade | |
| May 10, 2022 | RBC Capital | Outperform | Outperform | 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 27 | Jun 27 | Mar 27 | Dec 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Avg Forecast | $2.70B | $2.74B | $2.64B | $2.45B | $2.64B | $2.66B | $2.58B | $2.40B | $2.63B | $2.64B | $2.56B | $2.35B | $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 |
| High Forecast | $2.75B | $2.79B | $2.68B | $2.50B | $2.69B | $2.70B | $2.62B | $2.44B | $2.68B | $2.68B | $2.62B | $2.39B | $3.13B | $3.26B | $3.16B | $3.04B | $3.31B | $3.48B | $3.53B | $3.38B | $3.65B | $3.77B | $3.70B | $3.39B | $3.47B | $3.23B | $3.19B | $2.91B | $2.97B | $2.98B |
| Low Forecast | $2.65B | $2.69B | $2.59B | $2.41B | $2.59B | $2.61B | $2.53B | $2.35B | $2.58B | $2.59B | $2.50B | $2.23B | $3.12B | $3.26B | $3.16B | $2.95B | $3.06B | $3.36B | $3.41B | $3.27B | $3.65B | $3.77B | $3.70B | $3.39B | $3.47B | $3.23B | $3.19B | $2.91B | $2.97B | $2.98B |
| # Analysts | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 4 | 7 | 8 | 7 | 2 | 2 | 5 | 10 | 7 | 7 | 6 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| 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% |
Berry Global Group's average Quarter revenue forecast for Mar 24 based on 2 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 27 | Jun 27 | Mar 27 | Dec 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 4 | 7 | 8 | 7 | 2 | 2 | 5 | 10 | 7 | 7 | 6 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| 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 |
| Avg Forecast | $384.27M | $389.21M | $374.52M | $348.77M | $375.34M | $377.59M | $366.66M | $340.64M | $373.79M | $375.17M | $363.85M | $334.50M | $444.35M | $462.61M | $917.75M | $425.05M | $446.36M | $486.43M | $834.32M | $523.15M | $531.77M | $549.09M | $892.32M | $494.08M | $505.84M | $471.33M | $413.65M | $424.67M | $432.40M | $434.07M |
| High Forecast | $390.81M | $395.83M | $380.90M | $354.71M | $381.73M | $384.02M | $372.90M | $346.44M | $380.15M | $381.56M | $372.48M | $340.22M | $444.87M | $462.61M | $1.10B | $432.16M | $470.11M | $494.71M | $1.00B | $627.78M | $531.77M | $549.09M | $1.07B | $494.08M | $505.84M | $471.33M | $496.38M | $424.67M | $432.40M | $434.07M |
| Low Forecast | $376.94M | $381.78M | $367.37M | $342.11M | $368.18M | $370.38M | $359.66M | $334.14M | $366.65M | $368.01M | $355.22M | $317.35M | $443.83M | $462.61M | $734.20M | $419.36M | $434.23M | $477.15M | $667.46M | $418.52M | $531.77M | $549.09M | $713.86M | $494.08M | $505.84M | $471.33M | $330.92M | $424.67M | $432.40M | $434.07M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.37% | 0.67% | 0.55% | 0.63% | 0.80% | 1.00% | 0.73% | 0.62% | 1.00% | 1.03% | 1.15% | 1.30% | - | 1.23% | 1.30% |
2 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 27 | Jun 27 | Mar 27 | Dec 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 4 | 7 | 8 | 7 | 2 | 2 | 5 | 10 | 7 | 7 | 6 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| 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 |
| Avg Forecast | $242.90M | $238.75M | $212.91M | $154.73M | $233.66M | $231.07M | $204.34M | $140.42M | $216.59M | $211.44M | $191.81M | $116.47M | $245.61M | $223.00M | $304.98M | $141.16M | $230.81M | $214.45M | $277.26M | $143.87M | $247.20M | $226.39M | $296.53M | $154.70M | $177.99M | $175.09M | $138.91M | $110.15M | $141.91M | $133.96M |
| High Forecast | $248.28M | $244.04M | $217.62M | $158.15M | $238.83M | $236.18M | $208.86M | $143.53M | $221.39M | $216.12M | $201.00M | $129.16M | $254.70M | $232.95M | $365.98M | $143.35M | $238.46M | $219.20M | $332.71M | $172.64M | $247.20M | $226.39M | $355.84M | $154.70M | $177.99M | $175.09M | $166.69M | $110.15M | $141.91M | $133.96M |
| Low Forecast | $236.88M | $232.83M | $207.63M | $150.89M | $227.86M | $225.34M | $199.27M | $136.94M | $211.22M | $206.19M | $186.07M | $109.55M | $236.51M | $213.04M | $243.99M | $137.88M | $184.86M | $209.13M | $221.81M | $115.09M | $247.20M | $226.39M | $237.22M | $154.70M | $177.99M | $175.09M | $111.13M | $110.15M | $141.91M | $133.96M |
| 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% |
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 27 | Jun 27 | Mar 27 | Dec 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 4 | 7 | 8 | 7 | 2 | 2 | 5 | 10 | 7 | 7 | 6 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| 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 |
| Avg Forecast | $182.01M | $184.35M | $177.40M | $165.20M | $177.79M | $178.85M | $173.67M | $161.35M | $177.05M | $177.70M | $172.34M | $158.44M | $210.47M | $219.12M | $413.50M | $201.33M | $211.42M | $230.40M | $375.91M | $279.41M | $240.39M | $248.23M | $402.05M | $223.36M | $228.67M | $213.07M | $168.84M | $191.98M | $195.47M | $196.23M |
| High Forecast | $185.11M | $187.49M | $180.42M | $168.01M | $180.81M | $181.89M | $176.63M | $164.10M | $180.06M | $180.73M | $176.43M | $161.15M | $210.72M | $219.12M | $496.20M | $204.70M | $222.67M | $234.33M | $451.09M | $335.29M | $240.39M | $248.23M | $482.45M | $223.36M | $228.67M | $213.07M | $202.60M | $191.98M | $195.47M | $196.23M |
| Low Forecast | $178.54M | $180.84M | $174.01M | $162.05M | $174.39M | $175.44M | $170.36M | $158.27M | $173.67M | $174.31M | $168.26M | $150.32M | $210.23M | $219.12M | $330.80M | $198.64M | $205.68M | $226.01M | $300.73M | $223.53M | $240.39M | $248.23M | $321.64M | $223.36M | $228.67M | $213.07M | $135.07M | $191.98M | $195.47M | $196.23M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.17% | 1.02% | 0.93% | 0.59% | 0.84% | 0.77% | 0.87% | 0.51% | 1.08% | 0.87% | 0.97% | 1.30% | - | 1.12% | 1.01% |
Berry Global Group's average Quarter SG&A projection for Mar 24 is $413.50M, based on 2 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 27 | Jun 27 | Mar 27 | Dec 26 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 6 | 3 | 3 | 3 | 3 | 3 | 2 | 3 | 4 | 7 | 8 | 7 | 2 | 2 | 5 | 10 | 7 | 7 | 6 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| 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 |
| Avg Forecast | $2.07 | $2.03 | $1.81 | $1.32 | $1.99 | $1.97 | $1.74 | $1.20 | $1.84 | $1.80 | $1.63 | $0.99 | $2.09 | $1.90 | $1.75 | $1.20 | $1.97 | $1.83 | $1.71 | $1.28 | $2.12 | $1.94 | $1.79 | $1.33 | $1.53 | $1.50 | $1.28 | $0.94 | $1.22 | $1.15 |
| High Forecast | $2.11 | $2.08 | $1.85 | $1.35 | $2.03 | $2.01 | $1.78 | $1.22 | $1.89 | $1.84 | $1.71 | $1.10 | $2.17 | $1.98 | $1.83 | $1.22 | $2.03 | $1.87 | $1.74 | $1.31 | $2.12 | $1.94 | $1.79 | $1.33 | $1.53 | $1.50 | $1.28 | $0.94 | $1.22 | $1.15 |
| Low Forecast | $2.02 | $1.98 | $1.77 | $1.29 | $1.94 | $1.92 | $1.70 | $1.17 | $1.80 | $1.76 | $1.58 | $0.93 | $2.01 | $1.81 | $1.67 | $1.17 | $1.57 | $1.78 | $1.66 | $1.25 | $2.12 | $1.94 | $1.79 | $1.33 | $1.53 | $1.50 | $1.28 | $0.94 | $1.22 | $1.15 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.42% | 0.81% | 0.66% | 0.84% | 0.67% | 0.88% | 0.83% | 0.86% | 0.73% | 1.10% | 0.96% | 1.05% | - | 1.21% | 1.25% |
According to 2 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 | $12.08 | $30.00 | 148.34% | |
| OI | O-I Glass | $11.35 | $15.29 | 34.71% | Buy |
| GEF | Greif | $61.63 | $80.50 | 30.62% | Buy |
| AVY | Avery Dennison | $193.30 | $248.50 | 28.56% | Buy |
| CCK | Crown | $88.80 | $113.38 | 27.68% | Buy |
| REYN | Reynolds Consumer Products | $27.49 | $35.00 | 27.32% | Hold |
| BALL | Ball | $55.59 | $70.25 | 26.37% | Buy |
| GPK | Graphic Packaging | $27.84 | $35.00 | 25.72% | Buy |
| SEE | Sealed Air | $35.43 | $41.00 | 15.72% | Hold |
| SLGN | Silgan | $53.01 | $60.67 | 14.45% | Buy |
| SON | Sonoco Products | $48.25 | $55.00 | 13.99% | Buy |
| BERY | Berry Global Group | $68.67 | $76.00 | 10.67% | Buy |
| AMCR | Amcor | $9.81 | $10.80 | 10.09% | Hold |
| PKG | Packaging Corporation of America | $238.41 | $261.67 | 9.76% | Buy |