BPC Acquisition Corp (BERY) Given Buy Rating at SunTrust Banks, Inc.
SunTrust Banks, Inc. reaffirmed their buy rating on shares of BPC Acquisition Corp (NYSE:BERY) in a report published on Monday morning. The firm currently has a $65.00 price objective on the industrial products company’s stock.
BERY has been the topic of a number of other reports. Zacks Investment Research raised BPC Acquisition Corp from a hold rating to a buy rating and set a $65.00 target price on the stock in a report on Tuesday, June 6th. Jefferies Group LLC reissued a buy rating and issued a $63.00 price target on shares of BPC Acquisition Corp in a report on Thursday, June 8th. BidaskClub downgraded shares of BPC Acquisition Corp from a buy rating to a hold rating in a report on Saturday, June 24th. Royal Bank Of Canada restated a buy rating and set a $63.00 price objective on shares of BPC Acquisition Corp in a research report on Wednesday, July 12th. Finally, UBS AG began coverage on shares of BPC Acquisition Corp in a research report on Tuesday, July 25th. They set a buy rating and a $67.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. BPC Acquisition Corp presently has an average rating of Buy and an average target price of $64.17.
BPC Acquisition Corp (NYSE:BERY) opened at 57.41 on Monday. BPC Acquisition Corp has a one year low of $42.46 and a one year high of $58.95. The company’s 50-day moving average price is $56.64 and its 200 day moving average price is $55.13. The firm has a market capitalization of $7.49 billion, a PE ratio of 24.38 and a beta of 1.08.
BPC Acquisition Corp (NYSE:BERY) last released its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate 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 was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. On average, analysts forecast that BPC Acquisition Corp will post $3.03 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC grew its holdings in shares of BPC Acquisition Corp by 315.6% during the second quarter. Acrospire Investment Management LLC now owns 2,107 shares of the industrial products company’s stock valued at $120,000 after buying an additional 1,600 shares in the last quarter. CrestPoint Capital Management LLC acquired a new position in BPC Acquisition Corp during the second quarter valued at $205,000. Public Employees Retirement Association of Colorado raised its position in BPC Acquisition Corp by 2.9% during the first quarter. Public Employees Retirement Association of Colorado now owns 3,992 shares of the industrial products company’s stock valued at $194,000 after buying an additional 111 shares during the period. Tocqueville Asset Management L.P. acquired a new position in BPC Acquisition Corp during the second quarter valued at $228,000. Finally, BlueCrest Capital Management Ltd acquired a new position in BPC Acquisition Corp during the first quarter valued at $218,000. Institutional investors and hedge funds own 94.64% 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.
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