BPC Acquisition Corp (BERY) Stock Rating Lowered by Zacks Investment Research

BPC Acquisition Corp (NYSE:BERY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday.

According to Zacks, “Berry Global Group, Inc. is a manufacturer and marketer of value-added plastic consumer packaging and engineered materials. The Company’s products include engineered materials, non-woven specialty materials and consumer packaging. Berry Global Group, Inc., formerly known as Berry Plastics Group, Inc., is headquartered in Evansville, Indiana. “

Several other research analysts have also recently weighed in on the stock. Citigroup Inc. restated a “buy” rating on shares of BPC Acquisition Corp in a research report on Thursday, August 31st. SunTrust Banks, Inc. upgraded shares of BPC Acquisition Corp from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $51.00 to $65.00 in a research report on Monday, June 26th. Robert W. Baird restated a “buy” rating and issued a $65.00 price objective on shares of BPC Acquisition Corp in a research report on Friday, September 1st. KeyCorp restated a “hold” rating on shares of BPC Acquisition Corp in a research report on Friday, August 25th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $67.00 price objective (up previously from $63.00) on shares of BPC Acquisition Corp in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $64.08.

BPC Acquisition Corp (NYSE BERY) opened at 58.98 on Monday. The firm’s 50-day moving average price is $56.95 and its 200-day moving average price is $55.81. BPC Acquisition Corp has a 52 week low of $42.74 and a 52 week high of $59.72. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 25.04 and a beta of 1.08.

BPC Acquisition Corp (NYSE:BERY) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.10. BPC Acquisition Corp had a net margin of 4.49% and a return on equity of 76.66%. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the company posted $0.82 EPS. BPC Acquisition Corp’s revenue was up 15.9% on a year-over-year basis. On average, equities analysts expect that BPC Acquisition Corp will post $3.04 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/18/bpc-acquisition-corp-bery-stock-rating-lowered-by-zacks-investment-research.html.

Institutional investors have recently modified their holdings of the business. AQR Capital Management LLC raised its position in shares of BPC Acquisition Corp by 115.4% during the 1st quarter. AQR Capital Management LLC now owns 441,678 shares of the industrial products company’s stock valued at $21,452,000 after acquiring an additional 236,650 shares during the last quarter. BlackRock Inc. raised its position in shares of BPC Acquisition Corp by 20,404.9% during the 1st quarter. BlackRock Inc. now owns 5,099,577 shares of the industrial products company’s stock valued at $247,685,000 after acquiring an additional 5,074,707 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of BPC Acquisition Corp during the 1st quarter valued at $364,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of BPC Acquisition Corp in the 2nd quarter valued at $1,801,000. Finally, Riverhead Capital Management LLC grew its holdings in shares of BPC Acquisition Corp by 17.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 54,563 shares of the industrial products company’s stock valued at $3,111,000 after buying an additional 8,083 shares during the period. Institutional investors own 93.88% of the company’s stock.

BPC Acquisition Corp Company Profile

Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.

According to Zacks, “Berry Global Group, Inc. is a manufacturer and marketer of value-added plastic consumer packaging and engineered materials. The Company’s products include engineered materials, non-woven specialty materials and consumer packaging. Berry Global Group, Inc., formerly known as Berry Plastics Group, Inc., is headquartered in Evansville, Indiana. “

Several other research analysts have also recently weighed in on the stock. Citigroup Inc. restated a “buy” rating on shares of BPC Acquisition Corp in a research report on Thursday, August 31st. SunTrust Banks, Inc. upgraded shares of BPC Acquisition Corp from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $51.00 to $65.00 in a research report on Monday, June 26th. Robert W. Baird restated a “buy” rating and issued a $65.00 price objective on shares of BPC Acquisition Corp in a research report on Friday, September 1st. KeyCorp restated a “hold” rating on shares of BPC Acquisition Corp in a research report on Friday, August 25th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $67.00 price objective (up previously from $63.00) on shares of BPC Acquisition Corp in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $64.08.

BPC Acquisition Corp (NYSE BERY) opened at 58.98 on Monday. The firm’s 50-day moving average price is $56.95 and its 200-day moving average price is $55.81. BPC Acquisition Corp has a 52 week low of $42.74 and a 52 week high of $59.72. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 25.04 and a beta of 1.08.

BPC Acquisition Corp (NYSE:BERY) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.10. BPC Acquisition Corp had a net margin of 4.49% and a return on equity of 76.66%. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the company posted $0.82 EPS. BPC Acquisition Corp’s revenue was up 15.9% on a year-over-year basis. On average, equities analysts expect that BPC Acquisition Corp will post $3.04 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/18/bpc-acquisition-corp-bery-stock-rating-lowered-by-zacks-investment-research.html.

Institutional investors have recently modified their holdings of the business. AQR Capital Management LLC raised its position in shares of BPC Acquisition Corp by 115.4% during the 1st quarter. AQR Capital Management LLC now owns 441,678 shares of the industrial products company’s stock valued at $21,452,000 after acquiring an additional 236,650 shares during the last quarter. BlackRock Inc. raised its position in shares of BPC Acquisition Corp by 20,404.9% during the 1st quarter. BlackRock Inc. now owns 5,099,577 shares of the industrial products company’s stock valued at $247,685,000 after acquiring an additional 5,074,707 shares during the last quarter. Nomura Holdings Inc. bought a new stake in shares of BPC Acquisition Corp during the 1st quarter valued at $364,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of BPC Acquisition Corp in the 2nd quarter valued at $1,801,000. Finally, Riverhead Capital Management LLC grew its holdings in shares of BPC Acquisition Corp by 17.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 54,563 shares of the industrial products company’s stock valued at $3,111,000 after buying an additional 8,083 shares during the period. Institutional investors own 93.88% of the company’s stock.

BPC Acquisition Corp Company Profile

Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.

Analyst Recommendations for BPC Acquisition Corp (NYSE:BERY)

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