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Berry Plastics to buy AEP Industries to expand in North America

U.S. based company, Berry Plastics Group, Inc.’s (BERY)’s latest closing price distance was 21.78% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 9.53% and 4.50% compared with the 20 Day Moving Average.

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The insider filler data counts the number of monthly positions over 3 month and 12 month time spans.

Berry Plastics Group, Inc. had its “outperform” rating reiterated by analysts at Credit Suisse.

Insiders has most recently took part in a trading activity, Begle Curt, President of the company in a transaction that occurred 8/23/2016 sold 15,266 shares of the stock. The shares were sold at an average price of $42.07, for a total transaction of $679,136.01. In the past 52 weeks, the equity’s price traded between $27.79 and $ 44.01. The company has a market cap of $9.75 billion and the numbers of outstanding shares have been calculated to be 76.80 million shares.

AEP shares climbed $32.02, or 41.6 percent, to $108.99 in Nasdaq Stock Market trading. Norman William J is another major insider shareholder of the stock, as per record date of May 19, 2015 insider owns 47,052 shares of the stock.

Berry Plastics Group Inc (NYSE:BERY) announced the earnings results for Fiscal Year 2016 and Q3. The stock volatility for week was 1.58% while for month was 2.12%.The stock, as of last close, traded 56.93% to its 52 week low and was changed -0.14% from its 52 week high. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. SunTrust Robinson Humphrey said it Initiates Coverage on Berry Plastics Group Inc, according to a research note issued on Jul 13, 2016.

EPS growth in next year is estimated to reach 16.42% while EPS growth estimate for this year is set at 36.60%.

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“We respect and admire the impressive company Brendan Barba has built over the last 40 years and look forward to welcoming AEP employees into Berry’s organization”, Rich stated. (NYSE:BERY) has received an average rating of “Buy” from the thirteen ratings firms that are now covering the company. Dollar Tree estimates consolidated net sales for the third quarter to range from $5.02 billion to $5.10 billion, based on a low single-digit increase in same-store sales. The corporation has an earnings per share (EPS) ratio of -0.96. Company’s annual sales growth for the past five year was 21.40%.

Why Berry Plastics Group (BERY) Could Be Positioned for a Surge? August 19, 2016