Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Berry Global Group Inc (NYSE: BERY) weakened in the last week. BERY’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 11/17/23, Berry Global Group Inc (NYSE: BERY) stock rose slightly by 0.2%, closing at $63.73. The stock has been strong relative to the market over the last nine months and has risen 11.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, BERY is expected to continue to be a major Value Builder.
Berry Global Group has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Berry Global Group has a neutral Appreciation Score of 58 and a slightly positive Power Rating of 64, leading to the High Neutral Value Trend Rating.
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