BPC Acquisition Corp (BERY) Getting Somewhat Favorable News Coverage, Accern Reports
News headlines about BPC Acquisition Corp (NYSE:BERY) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BPC Acquisition Corp earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 47.5817407954473 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
BERY has been the topic of a number of research reports. Zacks Investment Research raised shares of BPC Acquisition Corp from a “sell” rating to a “hold” rating in a report on Friday, May 5th. Deutsche Bank AG increased their target price on shares of BPC Acquisition Corp from $56.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, May 4th. Credit Suisse Group increased their target price on shares of BPC Acquisition Corp from $62.00 to $67.00 and gave the stock an “outperform” rating in a report on Friday, May 5th. SunTrust Banks, Inc. raised shares of BPC Acquisition Corp from a “hold” rating to a “buy” rating and increased their target price for the stock from $51.00 to $65.00 in a report on Monday, June 26th. Finally, BMO Capital Markets reissued a “hold” rating and set a $54.00 target price on shares of BPC Acquisition Corp in a report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $62.91.
BPC Acquisition Corp (NYSE BERY) traded up 0.45% during mid-day trading on Friday, hitting $57.58. 901,799 shares of the company were exchanged. The company has a market cap of $7.51 billion, a price-to-earnings ratio of 24.45 and a beta of 1.08. The stock’s 50 day moving average is $57.27 and its 200-day moving average is $53.49. BPC Acquisition Corp has a 12-month low of $42.46 and a 12-month high of $58.95.
BPC Acquisition Corp (NYSE:BERY) last issued its earnings results on Thursday, August 3rd. The industrial products company reported $0.93 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.10. BPC Acquisition Corp had a net margin of 4.49% and a return on equity of 76.66%. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company earned $0.82 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities research analysts predict that BPC Acquisition Corp will post $3.03 EPS for the current year.
In other news, President Curt Begle sold 18,000 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $57.02, for a total value of $1,026,360.00. Following the sale, the president now owns 1,899 shares in the company, valued at approximately $108,280.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carl J. Rickertsen sold 29,500 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $56.35, for a total transaction of $1,662,325.00. Following the completion of the sale, the director now owns 15,119 shares in the company, valued at approximately $851,955.65. The disclosure for this sale can be found here. Insiders sold a total of 63,000 shares of company stock worth $3,587,375 in the last 90 days. 3.11% of the stock is owned by corporate insiders.
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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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