BPC Acquisition Corp (BERY) Sets New 52-Week High at $59.21
BPC Acquisition Corp (NYSE:BERY) reached a new 52-week high during trading on Friday . The stock traded as high as $59.21 and last traded at $59.19, with a volume of 574,149 shares. The stock had previously closed at $58.78.
Several equities research analysts have commented on BERY shares. Jefferies Group LLC reiterated a “buy” rating and set a $63.00 price objective on shares of BPC Acquisition Corp in a research note on Thursday, June 8th. BidaskClub lowered BPC Acquisition Corp from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. SunTrust Banks, Inc. upgraded BPC Acquisition Corp from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $51.00 to $65.00 in a research note on Monday, June 26th. Royal Bank Of Canada reiterated a “buy” rating and set a $63.00 price objective on shares of BPC Acquisition Corp in a research note on Wednesday, July 12th. Finally, UBS AG started coverage on BPC Acquisition Corp in a research note on Tuesday, July 25th. They set a “buy” rating and a $67.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. BPC Acquisition Corp has a consensus rating of “Buy” and an average price target of $64.08.
The firm has a market cap of $7.73 billion, a PE ratio of 25.16 and a beta of 1.08. The company’s 50-day moving average price is $56.65 and its 200-day moving average price is $55.23.
BPC Acquisition Corp (NYSE:BERY) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.10. The firm 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%. BPC Acquisition Corp’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.82 EPS. On average, equities analysts anticipate that BPC Acquisition Corp will post $3.03 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in BERY. BlackRock Inc. grew its stake in BPC Acquisition Corp by 20,404.9% in the 1st quarter. BlackRock Inc. now owns 5,099,577 shares of the industrial products company’s stock worth $247,685,000 after acquiring an additional 5,074,707 shares during the period. Canyon Capital Advisors LLC grew its stake in BPC Acquisition Corp by 57.9% in 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 acquiring an additional 1,817,805 shares during the period. Marshall Wace North America L.P. purchased a new stake in BPC Acquisition Corp in the 1st quarter worth approximately $61,097,000. Vanguard Group Inc. grew its stake 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 worth $492,284,000 after acquiring an additional 1,089,650 shares during the period. Finally, Clearbridge Investments LLC grew its stake in BPC Acquisition Corp by 62.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,296,538 shares of the industrial products company’s stock worth $111,543,000 after acquiring an additional 885,061 shares during the period. 94.64% of the stock is owned by hedge funds and other institutional investors.
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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.
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