Plantronics, Inc. (PLT) Reaches $70.41 High on May, 18; 14 Analysts Covering Berry Global Group, Inc. (BERY)

May 18, 2018 - By Kurt Siggers

Plantronics, Inc. (NYSE:PLT) Logo

The stock of Plantronics, Inc. (NYSE:PLT) reached all time high today, May, 18 and still has $72.52 target or 3.00% above today’s $70.41 share price. This indicates more upside for the $2.34B company. This technical setup was reported by Barchart.com. If the $72.52 PT is reached, the company will be worth $70.23M more. The stock increased 1.17% or $0.815 during the last trading session, reaching $70.405. About 42,782 shares traded. Plantronics, Inc. (NYSE:PLT) has risen 2.93% since May 18, 2017 and is uptrending. It has underperformed by 8.62% the S&P500.




Among 16 analysts covering Berry Plastics Group Inc (NYSE:BERY), 14 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. Berry Plastics Group Inc had 60 analyst reports since August 3, 2015 according to SRatingsIntel. Barclays Capital maintained Berry Global Group, Inc. (NYSE:BERY) on Monday, August 7 with “Overweight” rating. The rating was maintained by BMO Capital Markets on Friday, August 25 with “Hold”. The stock of Berry Global Group, Inc. (NYSE:BERY) earned “Hold” rating by KeyBanc Capital Markets on Wednesday, August 23. The stock has “Buy” rating by UBS on Tuesday, July 25. On Friday, February 19 the stock rating was initiated by RBC Capital Markets with “Outperform”. The firm earned “Buy” rating on Monday, July 10 by RBC Capital Markets. The firm has “Market Perform” rating by BMO Capital Markets given on Friday, August 26. KeyBanc Capital Markets initiated the shares of BERY in report on Wednesday, November 30 with “Sector Weight” rating. Citigroup maintained the stock with “Buy” rating in Thursday, April 5 report. The stock has “Buy” rating by RBC Capital Markets on Monday, November 20. See Berry Global Group, Inc. (NYSE:BERY) latest ratings:

04/05/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $67 New Target: $65 Maintain
04/05/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $66 New Target: $64 Maintain
27/04/2018 Broker: Credit Suisse Old Rating: Outperform New Rating: Outperform Old Target: $73 New Target: $71 Maintain
05/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $71 New Target: $66 Maintain
02/03/2018 Broker: SunTrust Rating: Buy New Target: $68.0 Maintain
12/02/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $71 New Target: $70 Maintain
07/02/2018 Broker: KeyBanc Capital Markets Rating: Hold Maintain
08/02/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $73 New Target: $74 Maintain
24/01/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Outperform Upgrade
20/11/2017 Broker: Citigroup Rating: Buy Old Target: $68 New Target: $71 Maintain

More notable recent Plantronics, Inc. (NYSE:PLT) news were published by: Globenewswire.com which released: “Plantronics Announces Fourth Quarter and Fiscal Year 2018 Financial Results” on May 01, 2018, also Seekingalpha.com with their article: “Plantronics Inc. 2018 Q4 – Results – Earnings Call Slides” published on May 02, 2018, Benzinga.com published: “Earnings Preview For Plantronics” on May 01, 2018. More interesting news about Plantronics, Inc. (NYSE:PLT) were released by: Seekingalpha.com and their article: “Plantronics’ (PLT) CEO Joe Burton on Q4 2018 Results – Earnings Call Transcript” published on May 02, 2018 as well as Gurufocus.com‘s news article titled: “Plantronics Inc (PLT) Files 10-K for the Fiscal Year Ended on March 31, 2018” with publication date: May 09, 2018.

Plantronics, Inc. designs, manufactures, and markets lightweight communications headsets, telephone headset systems, other communication endpoints, and accessories for the business and consumer markets under the Plantronics brand worldwide. The company has market cap of $2.34 billion. The firm also makes and markets specialty telephone products under the Clarity brand. It has a 258.84 P/E ratio. The Company’s primary products include corded and cordless communication headsets; audio processors; telephone systems; Bluetooth and corded products; personal computer and gaming headsets; and specialty products for hearing impaired individuals.

Investors sentiment decreased to 1.06 in Q4 2017. Its down 0.13, from 1.19 in 2017Q3. It worsened, as 13 investors sold Plantronics, Inc. shares while 69 reduced holdings. 38 funds opened positions while 49 raised stakes. 29.76 million shares or 0.41% more from 29.64 million shares in 2017Q3 were reported. Benjamin F Edwards Com reported 101 shares. Profund Advsrs Limited reported 0.01% stake. Nuveen Asset Ltd reported 944,322 shares. Barclays Public Ltd reported 32,025 shares or 0% of all its holdings. Paloma Partners Management holds 0.01% or 10,047 shares in its portfolio. Coldstream Cap Mngmt reported 0.08% of its portfolio in Plantronics, Inc. (NYSE:PLT). Bankshares Of Ny Mellon holds 0.01% or 761,536 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 1,649 shares or 0% of the stock. Citigroup holds 0% or 5,565 shares in its portfolio. Deutsche Savings Bank Ag stated it has 148,462 shares. Panagora Asset stated it has 301,177 shares or 0.06% of all its holdings. Amalgamated Savings Bank has invested 0.01% in Plantronics, Inc. (NYSE:PLT). Fmr Limited Com holds 0% or 36,434 shares. Envestnet Asset Management Inc reported 0% of its portfolio in Plantronics, Inc. (NYSE:PLT). Lpl Financial Llc reported 4,756 shares.

Analysts await Plantronics, Inc. (NYSE:PLT) to report earnings on July, 26. They expect $0.49 earnings per share, down 5.77% or $0.03 from last year’s $0.52 per share. PLT’s profit will be $16.29M for 35.92 P/E if the $0.49 EPS becomes a reality. After $0.85 actual earnings per share reported by Plantronics, Inc. for the previous quarter, Wall Street now forecasts -42.35% negative EPS growth.

Since January 31, 2018, it had 0 insider purchases, and 12 sales for $1.04 million activity. SARKAR SHANTANU sold $1,845 worth of stock or 31 shares. 2,500 Plantronics, Inc. (NYSE:PLT) shares with value of $146,300 were sold by DEXHEIMER BRIAN S. 3,000 shares were sold by MOHR MARSHALL, worth $199,577 on Tuesday, May 8. $200,016 worth of Plantronics, Inc. (NYSE:PLT) shares were sold by TSEU MARVIN. The insider Strayer Pamela J sold 3,903 shares worth $258,732.

Among 6 analysts covering Plantronics (NYSE:PLT), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Plantronics had 21 analyst reports since January 15, 2016 according to SRatingsIntel. The firm has “Overweight” rating by JP Morgan given on Friday, January 15. The stock of Plantronics, Inc. (NYSE:PLT) earned “Buy” rating by Roth Capital on Wednesday, January 31. The firm has “Neutral” rating given on Friday, July 28 by JP Morgan. The company was maintained on Thursday, September 28 by Roth Capital. The stock of Plantronics, Inc. (NYSE:PLT) earned “Buy” rating by Northland Capital on Wednesday, January 31. The stock of Plantronics, Inc. (NYSE:PLT) earned “Buy” rating by Roth Capital on Wednesday, November 1. The company was downgraded on Thursday, February 1 by Sidoti. The firm earned “Market Perform” rating on Wednesday, May 4 by Raymond James. The stock of Plantronics, Inc. (NYSE:PLT) has “Hold” rating given on Friday, July 28 by J.P. Morgan. JP Morgan upgraded the stock to “Overweight” rating in Monday, January 18 report.

Another recent and important Berry Global Group, Inc. (NYSE:BERY) news was published by 247Wallst.com which published an article titled: “Top Analyst Upgrades and Downgrades: Aimmune, Anadarko, Carrizo, Mastercard, PayPal, Spotify, Visa and More” on May 18, 2018.

Investors sentiment increased to 1.23 in Q4 2017. Its up 0.13, from 1.1 in 2017Q3. It increased, as 30 investors sold Berry Global Group, Inc. shares while 97 reduced holdings. 48 funds opened positions while 108 raised stakes. 119.05 million shares or 2.22% less from 121.75 million shares in 2017Q3 were reported. Adage Capital Partners Gru invested in 1.95 million shares. Cipher Capital L P has invested 0.67% in Berry Global Group, Inc. (NYSE:BERY). United Asset Strategies holds 0.11% or 7,220 shares. Wells Fargo And Co Mn accumulated 2.82M shares. Lorber David A holds 2,608 shares. Navellier & Associate holds 0.22% of its portfolio in Berry Global Group, Inc. (NYSE:BERY) for 20,391 shares. Gotham Asset Mgmt Limited Liability Co has 86,545 shares for 0.07% of their portfolio. Cohen Cap Mgmt stated it has 98,530 shares. Allsquare Wealth Lc has invested 0.02% of its portfolio in Berry Global Group, Inc. (NYSE:BERY). Utd Services Automobile Association owns 301,215 shares. Ftb Advisors holds 0.02% in Berry Global Group, Inc. (NYSE:BERY) or 3,811 shares. Michigan-based Plante Moran Advisors Limited Liability Company has invested 0% in Berry Global Group, Inc. (NYSE:BERY). Winfield Assocs invested in 273 shares. 668,810 are owned by Dimensional Fund Advsrs Limited Partnership. Hutchin Hill Capital Lp holds 6,900 shares or 0.11% of its portfolio.

Berry Global Group, Inc. manufactures and distributes plastic consumer packaging and engineered materials in the United States, Canada, Mexico, Belgium, France, Spain, the United Kingdom, Italy, Germany, Australia, Brazil, Argentina, Colombia, Malaysia, India, China, and the Netherlands. The company has market cap of $6.32 billion. The firm operates through three divisions: Health, Hygiene & Specialties; Consumer Packaging; and Engineered Materials. It has a 14.3 P/E ratio. It offers containers; foodservice products, such as thermoformed polypropylene and injection-molded plastic drink cups; closures and over caps comprising continuous-thread and child-resistant closures, as well as aerosol over caps; bottle and prescription containers; and extruded and laminate tubes.

Plantronics, Inc. (NYSE:PLT) Institutional Positions Chart

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