BPC Acquisition Corp (BERY) Given Consensus Rating of “Buy” by Analysts

Shares of BPC Acquisition Corp (NYSE:BERY) have earned an average recommendation of “Buy” from the sixteen analysts that are presently covering the stock, Marketbeat reports. One research 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. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $66.91.

Several research firms recently weighed in on BERY. Royal Bank Of Canada raised their target price on shares of BPC Acquisition Corp from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Monday. BMO Capital Markets raised their target price on shares of BPC Acquisition Corp from $63.00 to $65.00 and gave the company a “market perform” rating in a research note on Monday. Barclays PLC raised their target price on shares of BPC Acquisition Corp from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. ValuEngine cut shares of BPC Acquisition Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $65.00 target price on shares of BPC Acquisition Corp in a research note on Friday, September 1st.

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In other BPC Acquisition Corp news, President Curt Begle sold 5,440 shares of BPC Acquisition Corp stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $60.03, for a total value of $326,563.20. Following the completion of the transaction, the president now directly owns 5,440 shares of the company’s stock, valued at approximately $326,563.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 34,378 shares of company stock valued at $2,063,324 over the last three months. Corporate insiders own 3.11% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of BPC Acquisition Corp in the 2nd quarter worth about $1,801,000. Riverhead Capital Management LLC lifted 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 worth $3,111,000 after acquiring an additional 8,083 shares during the last quarter. Braun Stacey Associates Inc. lifted its holdings in shares of BPC Acquisition Corp by 14.6% in the 2nd quarter. Braun Stacey Associates Inc. now owns 166,440 shares of the industrial products company’s stock worth $9,489,000 after acquiring an additional 21,265 shares during the last quarter. BB&T Corp lifted its holdings in shares of BPC Acquisition Corp by 11.8% in the 2nd quarter. BB&T Corp now owns 30,085 shares of the industrial products company’s stock worth $1,715,000 after acquiring an additional 3,166 shares during the last quarter. Finally, Martingale Asset Management L P lifted its holdings in shares of BPC Acquisition Corp by 5.7% in the 2nd quarter. Martingale Asset Management L P now owns 68,066 shares of the industrial products company’s stock worth $3,881,000 after acquiring an additional 3,698 shares during the last quarter. Hedge funds and other institutional investors own 94.36% of the company’s stock.

Shares of BPC Acquisition Corp (NYSE:BERY) opened at $59.45 on Tuesday. The company has a debt-to-equity ratio of 6.91, a current ratio of 1.82 and a quick ratio of 1.09. The stock has a market cap of $7,750.00, a price-to-earnings ratio of 19.29, a PEG ratio of 0.87 and a beta of 1.08. BPC Acquisition Corp has a 52 week low of $45.66 and a 52 week high of $61.19.

BPC Acquisition Corp (NYSE:BERY) last announced its quarterly earnings data on Thursday, November 16th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.08. The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.91 billion. BPC Acquisition Corp had a net margin of 4.79% and a return on equity of 68.90%. The company’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 earnings per share. research analysts anticipate that BPC Acquisition Corp will post 3.44 EPS for the current year.

About BPC Acquisition Corp

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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