BidaskClub lowered shares of BPC Acquisition Corp (NYSE:BERY) from a sell rating to a strong sell rating in a research note issued to investors on Wednesday morning.

BERY has been the subject of a number of other research reports. Barclays PLC raised their price target on shares of BPC Acquisition Corp from $65.00 to $71.00 and gave the stock an overweight rating in a report on Monday, August 7th. ValuEngine downgraded shares of BPC Acquisition Corp from a buy rating to a hold rating in a report on Wednesday, September 6th. Royal Bank Of Canada restated a buy rating and set a $63.00 price target on shares of BPC Acquisition Corp in a report on Wednesday, July 12th. Robert W. Baird restated a buy rating and set a $65.00 price target on shares of BPC Acquisition Corp in a report on Friday, September 1st. Finally, Jefferies Group LLC restated a buy rating and set a $67.00 price target on shares of BPC Acquisition Corp in a report on Thursday, August 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of Buy and an average target price of $64.17.

BPC Acquisition Corp (NYSE:BERY) opened at 55.89 on Wednesday. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of 23.73 and a beta of 1.09. The firm’s 50 day moving average price is $56.90 and its 200 day moving average price is $54.73. 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 announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.10. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.94 billion. BPC Acquisition Corp had a net margin of 4.49% and a return on equity of 76.66%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 EPS. On average, equities research analysts predict that BPC Acquisition Corp will post $3.03 EPS for the current fiscal year.

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Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of BPC Acquisition Corp by 12.0% during the 1st quarter. Vanguard Group Inc. now owns 10,135,557 shares of the industrial products company’s stock worth $492,284,000 after purchasing an additional 1,089,650 shares during the period. BlackRock Inc. boosted its position in shares of BPC Acquisition Corp by 20,404.9% during the 1st quarter. BlackRock Inc. now owns 5,099,577 shares of the industrial products company’s stock worth $247,685,000 after purchasing an additional 5,074,707 shares during the period. Canyon Capital Advisors LLC boosted its position in shares of BPC Acquisition Corp by 57.9% during the 1st quarter. Canyon Capital Advisors LLC now owns 4,957,700 shares of the industrial products company’s stock worth $240,795,000 after purchasing an additional 1,817,805 shares during the period. FMR LLC boosted its position in shares of BPC Acquisition Corp by 12.8% during the 1st quarter. FMR LLC now owns 4,206,009 shares of the industrial products company’s stock worth $204,286,000 after purchasing an additional 477,381 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of BPC Acquisition Corp by 19.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,440,614 shares of the industrial products company’s stock worth $167,111,000 after purchasing an additional 555,593 shares during the period. 94.64% of the stock is owned by hedge funds and other institutional investors.

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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