BPC Acquisition Corp (BERY) Given New $71.00 Price Target at Barclays PLC
BPC Acquisition Corp (NYSE:BERY) had its price target lifted by Barclays PLC from $65.00 to $71.00 in a research report sent to investors on Monday. They currently have an overweight rating on the industrial products company’s stock.
Several other equities analysts have also weighed in on BERY. BidaskClub lowered shares of BPC Acquisition Corp from a sell rating to a strong sell rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada restated a buy rating and set a $63.00 price objective on shares of BPC Acquisition Corp in a research report on Monday, May 15th. UBS AG assumed 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 for the company. Jefferies Group LLC restated a buy rating and set a $67.00 price objective (up previously from $63.00) on shares of BPC Acquisition Corp in a research report on Friday, July 14th. Finally, ValuEngine upgraded shares of BPC Acquisition Corp from a hold rating to a buy rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. BPC Acquisition Corp currently has an average rating of Buy and an average price target of $62.91.
BPC Acquisition Corp (NYSE:BERY) opened at 57.06 on Monday. The firm’s 50-day moving average is $57.28 and its 200-day moving average is $53.42. The firm has a market cap of $7.39 billion, a PE ratio of 24.75 and a beta of 1.08. BPC Acquisition Corp has a 12 month low of $41.90 and a 12 month high of $58.95.
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, beating the Thomson Reuters’ 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 company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm posted $0.82 EPS. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities analysts expect that BPC Acquisition Corp will post $3.02 earnings per share for the current year.
In other BPC Acquisition Corp news, Director Carl J. Rickertsen sold 29,500 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $56.35, for a total value of $1,662,325.00. Following the completion of the transaction, the director now directly owns 15,119 shares in the company, valued at $851,955.65. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, President Curt Begle sold 18,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $57.02, for a total transaction of $1,026,360.00. Following the completion of the sale, the president now directly owns 1,899 shares of the company’s stock, valued at $108,280.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,000 shares of company stock valued at $3,587,375. Corporate insiders own 3.11% of the company’s stock.
Several hedge funds have recently bought and sold shares of BERY. First Quadrant L P CA bought a new stake in BPC Acquisition Corp during the first quarter worth about $144,000. FTB Advisors Inc. raised its stake in BPC Acquisition Corp by 809.5% in the first quarter. FTB Advisors Inc. now owns 3,811 shares of the industrial products company’s stock worth $185,000 after buying an additional 3,392 shares during the period. Public Employees Retirement Association of Colorado raised its stake in BPC Acquisition Corp by 2.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 3,992 shares of the industrial products company’s stock worth $194,000 after buying an additional 111 shares during the period. CrestPoint Capital Management LLC bought a new stake in BPC Acquisition Corp during the second quarter worth about $205,000. Finally, BlueCrest Capital Management Ltd bought a new stake in BPC Acquisition Corp during the first quarter worth about $218,000. 99.45% of the stock is owned by institutional investors and hedge funds.
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.
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