Citigroup Inc. reaffirmed their buy rating on shares of BPC Acquisition Corp (NYSE:BERY) in a research report released on Thursday. Citigroup Inc. currently has a $68.00 price objective on the industrial products company’s stock, down from their prior price objective of $69.00.

Several other analysts also recently commented on the company. Barclays PLC increased their price objective on BPC Acquisition Corp from $65.00 to $71.00 and gave the stock an overweight rating in a research note on Monday, August 7th. ValuEngine downgraded BPC Acquisition Corp from a buy rating to a hold rating in a research note on Wednesday. Credit Suisse Group increased their price objective on BPC Acquisition Corp from $62.00 to $67.00 and gave the stock an outperform rating in a research note on Monday, May 15th. Royal Bank Of Canada reissued a buy rating and issued a $63.00 price objective on shares of BPC Acquisition Corp in a research note on Wednesday, July 12th. Finally, Robert W. Baird reissued a buy rating and issued a $65.00 price objective on shares of BPC Acquisition Corp in a research note on Friday, September 1st. One equities 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 stock. The company currently has a consensus rating of Buy and an average target price of $64.17.

BPC Acquisition Corp (NYSE BERY) opened at 56.31 on Thursday. The company’s 50 day moving average price is $56.94 and its 200-day moving average price is $54.38. The company has a market capitalization of $7.34 billion, a P/E ratio of 23.91 and a beta of 1.09. BPC Acquisition Corp has a 12-month low of $42.46 and a 12-month high of $58.95.

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

COPYRIGHT VIOLATION WARNING: This article was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another site, it was illegally stolen and reposted in violation of US and international copyright law. The original version of this article can be read at https://www.thecerbatgem.com/2017/09/10/citigroup-inc-reaffirms-buy-rating-for-bpc-acquisition-corp-bery.html.

Several hedge funds have recently added to or reduced their stakes in BERY. Acrospire Investment Management LLC grew its holdings 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 valued at $120,000 after acquiring an additional 1,600 shares in the last quarter. First Quadrant L P CA bought a new position in shares of BPC Acquisition Corp in the first quarter valued at approximately $144,000. Public Employees Retirement Association of Colorado grew its holdings 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 valued at $194,000 after acquiring an additional 111 shares in the last quarter. CrestPoint Capital Management LLC bought a new position in shares of BPC Acquisition Corp in the second quarter valued at approximately $205,000. Finally, BlueCrest Capital Management Ltd bought a new position in shares of BPC Acquisition Corp in the first quarter valued at approximately $218,000. 94.62% 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)

Receive News & Stock Ratings for BPC Acquisition Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BPC Acquisition Corp and related stocks with our FREE daily email newsletter.