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BERY
Stock ticker: NYSE
AS OF
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Price
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Capitalization
7.3B

BERY Berry Global Group Forecast, Technical & Fundamental Analysis

a manufacturer of plastic packaging products

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for BERY with price predictions
08:00 PM EDT Sep 25, 2023

BERY in -2.38% downward trend, sliding for three consecutive days on September 22, 2023

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where BERY declined for three days, in of 283 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 22, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BERY as a result. In of 94 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for BERY turned negative on September 21, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 54 similar instances when the indicator turned negative. In of the 54 cases the stock turned lower in the days that followed. This puts the odds of success at .

BERY moved below its 50-day moving average on September 15, 2023 date and that indicates a change from an upward trend to a downward trend.

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BERY advanced for three days, in of 325 cases, the price rose further within the following month. The odds of a continued upward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BERY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock slightly better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.154) is normal, around the industry mean (2.224). P/E Ratio (11.628) is within average values for comparable stocks, (23.998). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (60.077). Dividend Yield (0.016) settles around the average of (0.036) among similar stocks. P/S Ratio (0.582) is also within normal values, averaging (10.711).

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Tupperware Brands Corp (NYSE:TUP).

Industry description

The containers/packing sector includes companies that manufacture containers (like plastic and aluminum food containers, glass bottles, metal cans, cardboard, storage and waste bags, giftwraps etc.) and provide packing services. Food-and-beverage and household products are major markets for this business. Several companies in this industry cater to international markets in addition to serving domestic customers. Consumer spending habits could potentially affect this industry’s performance. Some products, that use oil-based materials as inputs, are likely to see their costs of production get impacted (to some extent) by energy price movements. The ever-expanding e-commerce market has only supercharged the amount/frequency of goods shipped domestically and across borders, thereby creating ample potential opportunities for containers and packaging businesses. Ball Corporation, International Paper Company, Amcor Plc and Packaging Corporation of America are some of the largest U.S. companies in this industry.

Market Cap

The average market capitalization across the Containers/Packaging Industry is 3.92B. The market cap for tickers in the group ranges from 6.74K to 66.8B. STO holds the highest valuation in this group at 66.8B. The lowest valued company is EPTI at 6.74K.

High and low price notable news

The average weekly price growth across all stocks in the Containers/Packaging Industry was 2%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was 13%. TZPC experienced the highest price growth at 258%, while SNGSF experienced the biggest fall at -25%.

Volume

The average weekly volume growth across all stocks in the Containers/Packaging Industry was -22%. For the same stocks of the Industry, the average monthly volume growth was 17% and the average quarterly volume growth was 39%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 62
Price Growth Rating: 58
SMR Rating: 61
Profit Risk Rating: 86
Seasonality Score: -13 (-100 ... +100)
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A.I. Advisor
published Earnings

BERY is expected to report earnings to rise 13.16% to $2.15 per share on November 16

Berry Global Group BERY Stock Earnings Reports
Q3'23
Est.
$2.15
Q2'23
Missed
by $0.09
Q1'23
Beat
by $0.10
Q4'22
Beat
by $0.02
Q3'22
Beat
by $0.04
The last earnings report on August 09 showed earnings per share of $1.90, missing the estimate of $1.99. With 577.24K shares outstanding, the current market capitalization sits at 7.30B.
A.I.Advisor
published Dividends

BERY paid dividends on September 15, 2023

Berry Global Group BERY Stock Dividends
А dividend of $0.25 per share was paid with a record date of September 15, 2023, and an ex-dividend date of August 31, 2023. Read more...
A.I. Advisor
published General Information

General Information

a manufacturer of plastic packaging products

Industry ContainersPackaging

Profile
Fundamentals
Details
Industry
Containers Or Packaging
Address
101 Oakley Street
Phone
+1 812 424-2904
Employees
46000
Web
https://www.berryglobal.com
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BERY and

Correlation & Price change

A.I.dvisor indicates that over the last year, BERY has been closely correlated with AMCR. These tickers have moved in lockstep 68% of the time. This A.I.-generated data suggests there is a high statistical probability that if BERY jumps, then AMCR could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BERY
1D Price
Change %
BERY100%
-1.62%
AMCR - BERY
68%
Closely correlated
-0.98%
SON - BERY
61%
Loosely correlated
-1.32%
SEE - BERY
61%
Loosely correlated
-1.54%
IP - BERY
57%
Loosely correlated
-0.80%
PKG - BERY
56%
Loosely correlated
-1.15%
More

Groups containing BERY

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BERY
1D Price
Change %
BERY100%
-1.62%
BERY
(undefined stocks)
99%
Closely correlated
-1.30%
Containers/Packaging
(undefined stocks)
77%
Closely correlated
+0.73%
container
(undefined stocks)
77%
Closely correlated
-1.04%
packaging
(undefined stocks)
76%
Closely correlated
-1.26%
plastic
(undefined stocks)
74%
Closely correlated
-3.04%
More