BPC Acquisition Corp (NYSE:BERY) had its target price increased by equities researchers at BMO Capital Markets from $63.00 to $65.00 in a report released on Monday. The firm presently has a “market perform” rating on the industrial products company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 8.42% from the company’s previous close.

Other research analysts have also recently issued reports about the company. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $65.00 price objective on shares of BPC Acquisition Corp in a report on Monday, October 2nd. Robert W. Baird restated a “buy” rating and set a $65.00 price target on shares of BPC Acquisition Corp in a research note on Friday, September 1st. Citigroup Inc. restated a “buy” rating on shares of BPC Acquisition Corp in a research note on Thursday, August 31st. Jefferies Group LLC restated a “buy” rating and set a $67.00 price target on shares of BPC Acquisition Corp in a research note on Thursday, August 31st. 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 target on the stock. One 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 stock. BPC Acquisition Corp presently has a consensus rating of “Buy” and an average price target of $67.00.

BPC Acquisition Corp (BERY) opened at $59.95 on Monday. BPC Acquisition Corp has a twelve month low of $45.73 and a twelve month high of $61.19. The company has a market capitalization of $7,820.00, a P/E ratio of 19.29, a P/E/G ratio of 0.87 and a beta of 1.08. The company has a debt-to-equity ratio of 6.91, a current ratio of 1.82 and a quick ratio of 1.09.

BPC Acquisition Corp (NYSE:BERY) last released its quarterly earnings data on Thursday, November 16th. The industrial products company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. BPC Acquisition Corp had a return on equity of 68.90% and a net margin of 4.79%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the prior year, the firm posted $0.61 earnings per share. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. equities analysts anticipate that BPC Acquisition Corp will post 3.44 EPS for the current fiscal year.

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In other news, President Curt Begle sold 5,440 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $60.03, for a total value of $326,563.20. Following the sale, the president now directly owns 5,440 shares in the company, valued at $326,563.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 34,378 shares of company stock worth $2,063,324. Insiders own 3.11% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of BPC Acquisition Corp by 16.2% in the first quarter. Dimensional Fund Advisors LP now owns 689,266 shares of the industrial products company’s stock valued at $33,476,000 after acquiring an additional 96,234 shares in the last quarter. Origin Asset Management LLP raised its stake in shares of BPC Acquisition Corp by 25.0% in the second quarter. Origin Asset Management LLP now owns 399,688 shares of the industrial products company’s stock valued at $22,786,000 after acquiring an additional 80,000 shares in the last quarter. State of Tennessee Treasury Department acquired a new stake in shares of BPC Acquisition Corp in the second quarter valued at $20,070,000. Victory Capital Management Inc. raised its stake in shares of BPC Acquisition Corp by 119.5% in the third quarter. Victory Capital Management Inc. now owns 322,350 shares of the industrial products company’s stock valued at $18,261,000 after acquiring an additional 175,522 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in BPC Acquisition Corp by 4.8% in the third quarter. California Public Employees Retirement System now owns 296,410 shares of the industrial products company’s stock valued at $16,792,000 after buying an additional 13,520 shares during the last quarter. Institutional investors and hedge funds own 94.36% of the company’s stock.

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.

Analyst Recommendations for BPC Acquisition Corp (NYSE:BERY)

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