KeyCorp reissued their hold rating on shares of BPC Acquisition Corp (NYSE:BERY) in a report issued on Friday morning.

Several other brokerages also recently weighed in on BERY. Barclays PLC increased their target price on shares of BPC Acquisition Corp from $65.00 to $71.00 and gave the stock an overweight rating in a research note on Monday, August 7th. BidaskClub downgraded shares of BPC Acquisition Corp from a sell rating to a strong sell rating in a research note on Wednesday, August 2nd. UBS AG began coverage on shares of BPC Acquisition Corp in a research note on Tuesday, July 25th. They set a buy rating and a $67.00 target price for the company. Jefferies Group LLC reiterated a buy rating and set a $67.00 target price (up previously from $63.00) on shares of BPC Acquisition Corp in a research note on Friday, July 14th. Finally, Royal Bank Of Canada reiterated a buy rating and set a $63.00 target price on shares of BPC Acquisition Corp in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $62.91.

Shares of BPC Acquisition Corp (NYSE:BERY) traded up 0.46% on Friday, hitting $56.90. The stock had a trading volume of 685,370 shares. BPC Acquisition Corp has a 12 month low of $42.46 and a 12 month high of $58.95. The company has a market cap of $7.42 billion, a P/E ratio of 24.16 and a beta of 1.08. The company’s 50 day moving average price is $57.39 and its 200-day moving average price is $53.95.

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 (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.10. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.94 billion. BPC Acquisition Corp had a return on equity of 76.66% and a net margin of 4.49%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.82 earnings per share. On average, analysts expect that BPC Acquisition Corp will post $3.03 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of BERY. Greenwood Capital Associates LLC boosted its position in shares of BPC Acquisition Corp by 2.4% in the first quarter. Greenwood Capital Associates LLC now owns 4,603 shares of the industrial products company’s stock worth $224,000 after buying an additional 107 shares during the period. Public Employees Retirement Association of Colorado boosted its position 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 during the period. Westpac Banking Corp boosted its position in shares of BPC Acquisition Corp by 2.2% in the first quarter. Westpac Banking Corp now owns 6,633 shares of the industrial products company’s stock worth $322,000 after buying an additional 142 shares during the period. Reliant Investment Management LLC boosted its position 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 period. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of BPC Acquisition Corp by 5.1% in the first quarter. Massmutual Trust Co. FSB ADV now owns 5,268 shares of the industrial products company’s stock worth $256,000 after buying an additional 255 shares during the period. 95.46% of the stock is owned by 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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