BPC Acquisition Corp (NYSE:BERY) has received a consensus rating of “Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $62.70.

BERY has been the topic of several recent research reports. Zacks Investment Research upgraded shares of BPC Acquisition Corp from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. Deutsche Bank AG raised their target price on shares of BPC Acquisition Corp from $56.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, May 4th. Credit Suisse Group raised their target price on shares of BPC Acquisition Corp from $62.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, May 5th. SunTrust Banks, Inc. upgraded shares of BPC Acquisition Corp from a “hold” rating to a “buy” rating and raised their target price for the stock from $51.00 to $65.00 in a research note on Monday, June 26th. Finally, BMO Capital Markets restated a “hold” rating and set a $54.00 target price on shares of BPC Acquisition Corp in a research note on Friday, April 28th.

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Shares of BPC Acquisition Corp (BERY) traded up 0.45% during mid-day trading on Friday, reaching $57.58. 901,799 shares of the company’s stock traded hands. BPC Acquisition Corp has a 12-month low of $42.46 and a 12-month high of $58.95. The firm’s 50 day moving average price is $57.27 and its 200-day moving average price is $53.49. The stock has a market cap of $7.51 billion, a price-to-earnings ratio of 24.45 and a beta of 1.08.

BPC Acquisition Corp (NYSE:BERY) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.93 earnings per share for the quarter, topping 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 firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the business earned $0.82 EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. Equities research analysts forecast that BPC Acquisition Corp will post $3.03 earnings per share for the current year.

In other news, Director Carl J. Rickertsen sold 29,500 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $56.35, for a total transaction of $1,662,325.00. Following the completion of the sale, the director now directly owns 15,119 shares of the company’s stock, valued at $851,955.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Curt Begle sold 18,000 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $57.02, for a total transaction of $1,026,360.00. Following 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. Insiders have sold 63,000 shares of company stock valued at $3,587,375 over the last ninety days. 3.11% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the stock. Acrospire Investment Management LLC raised its stake in shares of BPC Acquisition Corp by 315.6% in the second quarter. Acrospire Investment Management LLC now owns 2,107 shares of the industrial products company’s stock worth $120,000 after buying an additional 1,600 shares in the last quarter. First Quadrant L P CA bought a new stake in shares of BPC Acquisition Corp during the first quarter worth about $144,000. FTB Advisors Inc. raised its stake in shares of 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 in the last quarter. Public Employees Retirement Association of Colorado raised its stake in shares of 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 in the last quarter. Finally, CrestPoint Capital Management LLC bought a new stake in shares of BPC Acquisition Corp during the second quarter worth about $205,000. 99.45% of the stock is owned by hedge funds and other institutional investors.

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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