BPC Acquisition Corp (BERY) Given New $70.00 Price Target at Robert W. Baird

BPC Acquisition Corp (NYSE:BERY) had its price objective boosted by Robert W. Baird from $65.00 to $70.00 in a research note issued to investors on Friday. Robert W. Baird currently has an outperform rating on the industrial products company’s stock.

A number of other research analysts also recently commented on BERY. UBS AG started coverage on shares of BPC Acquisition Corp in a research report on Tuesday, July 25th. They set a buy rating and a $67.00 price objective on the stock. BidaskClub downgraded shares of BPC Acquisition Corp from a hold rating to a sell rating in a research report on Tuesday, July 25th. Barclays PLC boosted their price objective on shares of BPC Acquisition Corp from $65.00 to $71.00 and gave the company an overweight rating in a research report on Monday, August 7th. KeyCorp reaffirmed a hold rating on shares of BPC Acquisition Corp in a research report on Friday, August 25th. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $67.00 price objective on shares of BPC Acquisition Corp in a research report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $65.00.

BPC Acquisition Corp (NYSE:BERY) traded down $0.30 during trading on Friday, hitting $59.61. 1,324,478 shares of the stock traded hands, compared to its average volume of 1,023,204. The stock has a market capitalization of $7,810.00, a P/E ratio of 19.85, a P/E/G ratio of 0.86 and a beta of 1.08. The company has a debt-to-equity ratio of 6.91, a quick ratio of 1.09 and a current ratio of 1.82. BPC Acquisition Corp has a 1-year low of $45.47 and a 1-year high of $61.19.

BPC Acquisition Corp (NYSE:BERY) last released its earnings results on Thursday, November 16th. The industrial products company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.08. BPC Acquisition Corp had a net margin of 4.49% and a return on equity of 76.66%. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the firm posted $0.61 earnings per share. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. research analysts predict that BPC Acquisition Corp will post 3.02 earnings per share for the current fiscal year.

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In other BPC Acquisition Corp news, President Curt Begle sold 6,397 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $60.04, for a total value of $384,075.88. Following the completion of the sale, the president now directly owns 6,397 shares of the company’s stock, valued at $384,075.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 34,378 shares of company stock valued at $2,063,324 over the last three months. Insiders own 3.11% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Reliant Investment Management LLC lifted its stake in shares of BPC Acquisition Corp by 0.4% in the second quarter. Reliant Investment Management LLC now owns 36,185 shares of the industrial products company’s stock worth $2,063,000 after buying an additional 145 shares during the last quarter. Aperio Group LLC lifted its stake in shares of BPC Acquisition Corp by 2.8% in the second quarter. Aperio Group LLC now owns 9,460 shares of the industrial products company’s stock worth $539,000 after buying an additional 261 shares during the last quarter. Symphony Asset Management LLC lifted its stake in shares of BPC Acquisition Corp by 4.0% in the second quarter. Symphony Asset Management LLC now owns 7,671 shares of the industrial products company’s stock worth $438,000 after buying an additional 295 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in shares of BPC Acquisition Corp by 4.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 8,645 shares of the industrial products company’s stock worth $420,000 after buying an additional 344 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of BPC Acquisition Corp by 0.3% in the second quarter. Victory Capital Management Inc. now owns 146,828 shares of the industrial products company’s stock worth $8,371,000 after buying an additional 375 shares during the last quarter. Institutional investors and hedge funds own 94.38% 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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