BPC Acquisition Corp (NYSE:BERY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The firm currently has a $64.00 target price on the industrial products company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 10.54% from the stock’s previous close.

According to Zacks, “Berry Global Group, Inc. is a manufacturer and marketer of value-added plastic consumer packaging and engineered materials. The Company’s products include engineered materials, non-woven specialty materials and consumer packaging. Berry Global Group, Inc., formerly known as Berry Plastics Group, Inc., is headquartered in Evansville, Indiana. “

Other equities analysts have also recently issued research reports about the company. Citigroup Inc. reissued a “buy” rating on shares of BPC Acquisition Corp in a research report on Thursday, August 31st. BidaskClub lowered BPC Acquisition Corp from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 20th. SunTrust Banks, Inc. raised BPC Acquisition Corp from a “hold” rating to a “buy” rating and raised their target price for the company from $51.00 to $65.00 in a report on Monday, June 26th. UBS AG began coverage on BPC Acquisition Corp in a research report on Tuesday, July 25th. They issued a “buy” rating and a $67.00 price target on the stock. Finally, KeyCorp reaffirmed a “hold” rating on shares of BPC Acquisition Corp in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $64.08.

BPC Acquisition Corp (NYSE BERY) traded up 0.85% during mid-day trading on Tuesday, reaching $57.90. 895,564 shares of the company traded hands. BPC Acquisition Corp has a 52-week low of $42.74 and a 52-week high of $58.95. The company has a market capitalization of $7.55 billion, a P/E ratio of 24.59 and a beta of 1.08. The stock has a 50 day moving average price of $56.63 and a 200-day moving average price of $55.18.

BPC Acquisition Corp (NYSE:BERY) last released its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.10. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 earnings per share. Analysts expect that BPC Acquisition Corp will post $3.03 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in BPC Acquisition Corp by 20,404.9% in the first 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 stake in BPC Acquisition Corp by 57.9% during the first quarter. Canyon Capital Advisors LLC now owns 4,957,700 shares of the industrial products company’s stock worth $240,795,000 after buying an additional 1,817,805 shares in the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in BPC Acquisition Corp during the first quarter worth $61,097,000. Marshall Wace North America L.P. acquired a new stake in BPC Acquisition Corp during the first quarter worth $61,097,000. Finally, Vanguard Group Inc. increased its holdings in BPC Acquisition Corp by 12.0% in the 1st quarter. Vanguard Group Inc. now owns 10,135,557 shares of the industrial products company’s stock valued at $492,284,000 after buying an additional 1,089,650 shares during the period. Institutional investors and hedge funds own 94.64% of the company’s stock.

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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