Zacks Investment Research upgraded shares of BPC Acquisition Corp (NYSE:BERY) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. They currently have $64.00 target price on the industrial products company’s stock.

According to Zacks, “Berry Global Group, Inc. is a manufacturer and marketer of value-added plastic consumer packaging and engineered materials. The Company’s products include engineered materials, non-woven specialty materials and consumer packaging. Berry Global Group, Inc., formerly known as Berry Plastics Group, Inc., is headquartered in Evansville, Indiana. “

A number of other research analysts have also recently commented on the stock. BidaskClub upgraded shares of BPC Acquisition Corp from a strong sell rating to a sell rating in a research report on Tuesday. SunTrust Banks, Inc. reiterated a buy rating and set a $65.00 price target on shares of BPC Acquisition Corp in a research report on Monday, October 2nd. Citigroup Inc. reiterated a buy rating and set a $68.00 price target (down from $69.00) on shares of BPC Acquisition Corp in a research report on Thursday, September 7th. ValuEngine cut shares of BPC Acquisition Corp from a buy rating to a hold rating in a research report on Wednesday, September 6th. Finally, Robert W. Baird reiterated a buy rating and set a $65.00 price target on shares of BPC Acquisition Corp in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $64.08.

Shares of BPC Acquisition Corp (NYSE:BERY) opened at 59.26 on Tuesday. BPC Acquisition Corp has a 12-month low of $42.74 and a 12-month high of $59.35. The company has a market capitalization of $7.73 billion, a price-to-earnings ratio of 25.16 and a beta of 1.08. The firm’s 50-day moving average is $56.68 and its 200-day moving average is $55.30.

BPC Acquisition Corp (NYSE:BERY) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the business earned $0.82 earnings per share. The business’s quarterly revenue was up 15.9% on a year-over-year basis. On average, equities analysts predict that BPC Acquisition Corp will post $3.03 EPS for the current year.

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Institutional investors have recently modified their holdings of the company. M&T Bank Corp bought a new position in shares of BPC Acquisition Corp in the first quarter worth approximately $686,000. Schwab Charles Investment Management Inc. grew its holdings in shares of BPC Acquisition Corp by 17.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,269,984 shares of the industrial products company’s stock worth $61,684,000 after purchasing an additional 185,508 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of BPC Acquisition Corp by 115.4% in the first quarter. AQR Capital Management LLC now owns 441,678 shares of the industrial products company’s stock worth $21,452,000 after purchasing an additional 236,650 shares during the last quarter. Westpac Banking Corp grew its holdings in shares of BPC Acquisition Corp by 2.2% in the first quarter. Westpac Banking Corp now owns 6,633 shares of the industrial products company’s stock worth $322,000 after purchasing an additional 142 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of BPC Acquisition Corp by 20,404.9% in the first quarter. BlackRock Inc. now owns 5,099,577 shares of the industrial products company’s stock worth $247,685,000 after purchasing an additional 5,074,707 shares during the last quarter. Hedge funds and other institutional investors 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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Analyst Recommendations for BPC Acquisition Corp (NYSE:BERY)

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