Berry Plastics (NYSE:BERY) Now Covered by Jefferies. The Target is $52.0

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Jefferies Co Analyst Rating Change Berry Plastics NYSE:BERY

Berry Plastics (NYSE:BERY) Price Target & New Coverage by Jefferies

Jefferies has begun its coverage on Berry Plastics (NYSE:BERY), today Thursday morning. The research firm finds the stock of BERY attractive and has target price per share of $52.0 with “Buy” rating.

After the coverage NYSE:BERY is right now trading -0.22% lower at $44.02 as of 04:00 New York time. Berry Plastics’s stock is up 24.39% in the past 200 days. It has outperformed the S&P500, which has increased 4.02% in the same time period.

According to data compiled by Thomson Reuters, Berry Plastics (NYSE:BERY)’s stock is covered by 9 equity analysts across the Street, with 0 analysts giving it a Sell rating, 9 a Buy rating, while 1 consider it a Hold. The 12-month consensus target price for the stock is $44.22, which reflects an upside potential of 0.45% over the current price.

NYSE:BERY Price Chart & Trend

The stock price of Berry Plastics has skyrocketed 24.39% over the last 200 days, and is in powerful up trend. In the last 50 and 100 days, Berry Plastics is up 6.98% and up 15.65%, respectively. Our stocks momentum model is shown on the price chart below.Berry Plastics (NYSE:BERY) Now Covered by Jefferies. The Target is $52.0

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

Institutional Ownership

Kortright Capital Partners Lp had the biggest stake with ownership of 225,400 shares as of q2 2015 for 7.23% of the long stock exposure. Lonestar Capital Management Llc is another quite bullish fund who is owning 400,000 shares of Berry Plastics or 6.55% of their long stock exposure. Moreover, Newbrook Capital Advisors Lp have 6.33% of their long stock exposure invested in the company for 1.56M shares. The Connecticut-based fund Tam Capital Management Inc. disclosed it had bought a stake worth about 4.39% of the fund’s stock portfolio in Berry Plastics. The Colorado-based fund Independence Capital Asset Partners Llc is also positive about the stock, possessing 377,185 shares or 4.12% of their long stock exposure.

Berry Plastics (NYSE:BERY) Profile

Berry Plastics Group, Inc. is a provider of plastic consumer packaging and engineered materials. The Company offers a range of products, including specialty closures, prescription vials, specialty films, adhesives, corrosion protection materials, as well as drink cups, thin-wall containers and bottles. The Company has three segments: Health, Hygiene and Specialties; Consumer Packaging, and Engineered Materials.

Berry Plastics (NYSE:BERY) traded down -0.22% on 13 October, hitting $44.02. A total of 1.80M shares of the company’s stock traded hands. This is up from average of 1.45M shares. Berry Plastics has a 52 week low of $27.79 and a 52 week high of $46.26. The company has a market cap of $5.33B and a P/E ratio of 26.57.

Get the latest Berry Plastics (NYSE:BERY) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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