BidaskClub downgraded shares of BPC Acquisition Corp (NYSE:BERY) from a hold rating to a sell rating in a report issued on Tuesday morning.

BERY has been the topic of a number of other reports. Zacks Investment Research upgraded shares of BPC Acquisition Corp from a hold rating to a buy rating and set a $64.00 price target on the stock in a research note on Tuesday, October 3rd. Citigroup Inc. reiterated a buy rating on shares of BPC Acquisition Corp in a research note on Thursday, August 31st. SunTrust Banks, Inc. reiterated a buy rating and set a $65.00 price target on shares of BPC Acquisition Corp in a research note on Monday, October 2nd. UBS AG initiated coverage on shares of BPC Acquisition Corp in a research note on Tuesday, July 25th. They set a buy rating and a $67.00 price target on the stock. Finally, ValuEngine lowered shares of BPC Acquisition Corp from a buy rating to a hold rating in a research note on Wednesday, September 6th. One research 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’s stock. The company currently has an average rating of Buy and an average target price of $65.00.

Shares of BPC Acquisition Corp (NYSE BERY) traded up $1.66 during trading on Tuesday, hitting $59.91. 2,606,700 shares of the stock were exchanged, compared to its average volume of 1,021,847. BPC Acquisition Corp has a twelve month low of $45.47 and a twelve month high of $61.15. The company has a current ratio of 1.82, a quick ratio of 1.09 and a debt-to-equity ratio of 6.91. The firm has a market capitalization of $7,770.00, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 0.85 and a beta of 1.08.

BPC Acquisition Corp (NYSE:BERY) last issued its quarterly earnings results on Thursday, November 16th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. BPC Acquisition Corp had a net margin of 4.49% and a return on equity of 76.66%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.91 billion. During the same period in the previous year, the business posted $0.61 earnings per share. The business’s revenue was up 16.3% compared to the same quarter last year. equities analysts forecast that BPC Acquisition Corp will post 3.02 EPS for the current fiscal year.

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In other BPC Acquisition Corp news, President Curt Begle sold 22,541 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $60.01, for a total transaction of $1,352,685.41. Following the transaction, the president now directly owns 17,189 shares in the company, valued at $1,031,511.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 34,378 shares of company stock worth $2,063,324 over the last 90 days. 3.11% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of BPC Acquisition Corp in the second quarter valued at about $1,801,000. Riverhead Capital Management LLC lifted its holdings in shares of BPC Acquisition Corp by 17.4% in the second quarter. Riverhead Capital Management LLC now owns 54,563 shares of the industrial products company’s stock valued at $3,111,000 after purchasing an additional 8,083 shares in the last quarter. Braun Stacey Associates Inc. lifted its holdings in shares of BPC Acquisition Corp by 14.6% in the second quarter. Braun Stacey Associates Inc. now owns 166,440 shares of the industrial products company’s stock valued at $9,489,000 after purchasing an additional 21,265 shares in the last quarter. BB&T Corp lifted its holdings in shares of BPC Acquisition Corp by 11.8% in the second quarter. BB&T Corp now owns 30,085 shares of the industrial products company’s stock valued at $1,715,000 after purchasing an additional 3,166 shares in the last quarter. Finally, Credit Suisse AG lifted its holdings in shares of BPC Acquisition Corp by 8.1% in the first quarter. Credit Suisse AG now owns 137,675 shares of the industrial products company’s stock valued at $6,688,000 after purchasing an additional 10,306 shares in the last quarter. 94.38% of the stock is currently owned by 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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