BPC Acquisition Corp (NYSE:BERY) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Tuesday.

A number of other analysts have also weighed in on BERY. Robert W. Baird restated a “buy” rating and set a $65.00 target price on shares of BPC Acquisition Corp in a research note on Friday, September 1st. Citigroup Inc. reiterated a “buy” rating on shares of BPC Acquisition Corp in a report on Thursday, August 31st. Jefferies Group LLC reissued a “buy” rating and issued a $67.00 price objective on shares of BPC Acquisition Corp in a research report on Thursday, August 31st. UBS AG began coverage on shares of BPC Acquisition Corp in a report on Tuesday, July 25th. They issued a “buy” rating and a $67.00 price objective on the stock. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $63.00 price objective on shares of BPC Acquisition Corp in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $64.17.

BPC Acquisition Corp (BERY) opened at 57.41 on Tuesday. BPC Acquisition Corp has a one year low of $42.46 and a one year high of $58.95. The firm has a 50-day moving average of $56.64 and a 200-day moving average of $55.13. The company has a market capitalization of $7.49 billion, a P/E ratio of 24.38 and a beta of 1.08.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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%. BPC Acquisition Corp’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 EPS. On average, analysts anticipate that BPC Acquisition Corp will post $3.03 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado grew its stake in BPC Acquisition Corp by 2.9% during the 1st 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 last quarter. Westpac Banking Corp increased its position in BPC Acquisition Corp by 2.2% during 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 increased its position in BPC Acquisition Corp by 0.4% during 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. Aperio Group LLC lifted its stake in BPC Acquisition Corp by 2.8% in the second quarter. Aperio Group LLC now owns 9,460 shares of the industrial products company’s stock valued at $539,000 after buying an additional 261 shares during the last quarter. Finally, Symphony Asset Management LLC lifted its stake in BPC Acquisition Corp by 4.0% in the second quarter. Symphony Asset Management LLC now owns 7,671 shares of the industrial products company’s stock valued at $438,000 after buying an additional 295 shares during the last quarter. 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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