Berry Plastics Group (BERY) Hits New Lifetime High Today
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Berry Plastics Group as such a stock due to the following factors:
- BERY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $73.6 million.
- BERY has traded 3,400 shares today.
- BERY is trading at a new lifetime high.
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More details on BERY:
Berry Plastics Group, Inc. manufactures and distributes plastic consumer packaging and engineered materials in the United States, Canada, Mexico, Belgium, France, Australia, Germany, Brazil, Malaysia, India, China, and the Netherlands. BERY has a PE ratio of 57. Currently there are 4 analysts that rate Berry Plastics Group a buy, no analysts rate it a sell, and none rate it a hold.
The average volume for Berry Plastics Group has been 1.7 million shares per day over the past 30 days. Berry Plastics Group has a market cap of $4.4 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 1.09 and a short float of 5.2% with 2.41 days to cover. Shares are up 2.5% year-to-date as of the close of trading on Tuesday.
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Analysis:
rates Berry Plastics Group as a
. The company's strengths can be seen in multiple areas, such as its notable return on equity, revenue growth, growth in earnings per share, increase in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
Highlights from the ratings report include:
- Compared to other companies in the Containers & Packaging industry and the overall market, BERRY PLASTICS GROUP INC's return on equity significantly exceeds that of both the industry average and the S&P 500.
- The revenue growth greatly exceeded the industry average of 8.6%. Since the same quarter one year prior, revenues rose by 31.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
- BERRY PLASTICS GROUP INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, BERRY PLASTICS GROUP INC increased its bottom line by earning $0.70 versus $0.51 in the prior year. This year, the market expects an improvement in earnings ($1.99 versus $0.70).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Containers & Packaging industry. The net income increased by 55.3% when compared to the same quarter one year prior, rising from $38.00 million to $59.00 million.
- Net operating cash flow has significantly increased by 51.78% to $170.00 million when compared to the same quarter last year. In addition, BERRY PLASTICS GROUP INC has also vastly surpassed the industry average cash flow growth rate of -80.91%.
- You can view the full Berry Plastics Group Ratings Report.
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