BPC Acquisition Corp (NYSE:BERY)‘s stock had its “buy” rating reiterated by Citigroup Inc. in a research note issued to investors on Thursday.

A number of other equities analysts have also recently weighed in on the company. Deutsche Bank AG increased their price target on BPC Acquisition Corp from $56.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, May 4th. Barclays PLC increased their price target on BPC Acquisition Corp from $65.00 to $71.00 and gave the stock an “overweight” rating in a report on Monday, August 7th. Credit Suisse Group increased their price target on BPC Acquisition Corp from $62.00 to $67.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Royal Bank Of Canada reiterated a “buy” rating and set a $63.00 price target on shares of BPC Acquisition Corp in a report on Wednesday, July 12th. Finally, ValuEngine upgraded BPC Acquisition Corp from a “hold” rating to a “buy” rating in a 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 assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $63.82.

BPC Acquisition Corp (NYSE BERY) opened at 56.85 on Thursday. BPC Acquisition Corp has a 1-year low of $42.46 and a 1-year high of $58.95. The stock has a market capitalization of $7.41 billion, a price-to-earnings ratio of 24.14 and a beta of 1.09. The firm’s 50-day moving average is $57.12 and its 200 day moving average is $54.20.

BPC Acquisition Corp (NYSE:BERY) last issued its earnings results on Thursday, August 3rd. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. BPC Acquisition Corp had a return on equity of 76.66% and a net margin of 4.49%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the company earned $0.82 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities analysts anticipate that BPC Acquisition Corp will post $3.03 EPS for the current fiscal year.

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Several large investors have recently modified their holdings of the company. First Quadrant L P CA acquired a new stake in shares of BPC Acquisition Corp during the first quarter valued at $144,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of BPC Acquisition Corp during the first quarter valued at $1,214,000. BB&T Corp raised its stake in shares of BPC Acquisition Corp by 7.6% in the first quarter. BB&T Corp now owns 26,919 shares of the industrial products company’s stock valued at $1,307,000 after buying an additional 1,891 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of BPC Acquisition Corp by 865.9% in the first quarter. Canada Pension Plan Investment Board now owns 47,331 shares of the industrial products company’s stock valued at $2,299,000 after buying an additional 42,431 shares during the period. Finally, Great West Life Assurance Co. Can raised its stake in shares of BPC Acquisition Corp by 4.2% in the first quarter. Great West Life Assurance Co. Can now owns 13,240 shares of the industrial products company’s stock valued at $642,000 after buying an additional 532 shares during the period. 94.62% of the stock is currently 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.

Analyst Recommendations for BPC Acquisition Corp (NYSE:BERY)

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