KeyCorp reiterated their hold rating on shares of BPC Acquisition Corp (NYSE:BERY) in a research note issued to investors on Friday morning.

Other analysts also recently issued reports about the stock. Jefferies Group LLC boosted their price target on shares of BPC Acquisition Corp from $59.00 to $63.00 and gave the stock a buy rating in a research note on Thursday, May 4th. Credit Suisse Group boosted their price target on shares of BPC Acquisition Corp from $62.00 to $67.00 and gave the stock an outperform rating in a research note on Monday, May 15th. Barclays PLC boosted their price target on shares of BPC Acquisition Corp from $65.00 to $71.00 and gave the stock an overweight rating in a research note on Monday, August 7th. Zacks Investment Research raised shares of BPC Acquisition Corp from a hold rating to a buy rating and set a $65.00 price target for the company in a research note on Tuesday, June 6th. Finally, Royal Bank Of Canada reissued a buy rating and issued a $63.00 price target on shares of BPC Acquisition Corp in a research note on Monday, May 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $63.70.

Shares of BPC Acquisition Corp (BERY) opened at 55.69 on Friday. The stock has a 50 day moving average price of $57.39 and a 200 day moving average price of $53.95. The firm has a market capitalization of $7.26 billion, a PE ratio of 23.65 and a beta of 1.08. BPC Acquisition Corp has a 1-year low of $42.46 and a 1-year high of $58.95.

BPC Acquisition Corp (NYSE:BERY) last posted its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.10. The business had revenue of $1.91 billion during 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%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 earnings per share. Equities research analysts anticipate that BPC Acquisition Corp will post $3.03 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in the company. FTB Advisors Inc. increased its position in BPC Acquisition Corp by 809.5% in the first quarter. FTB Advisors Inc. now owns 3,811 shares of the industrial products company’s stock worth $185,000 after buying an additional 3,392 shares during the last quarter. Flinton Capital Management LLC increased its position in BPC Acquisition Corp by 26.5% in the first quarter. Flinton Capital Management LLC now owns 47,260 shares of the industrial products company’s stock worth $2,295,000 after buying an additional 9,894 shares during the last quarter. American Century Companies Inc. increased its position in BPC Acquisition Corp by 41.7% in the first quarter. American Century Companies Inc. now owns 152,880 shares of the industrial products company’s stock worth $7,425,000 after buying an additional 44,974 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in BPC Acquisition Corp by 2.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 3,992 shares of the industrial products company’s stock worth $194,000 after buying an additional 111 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its position in BPC Acquisition Corp by 27.6% in the first quarter. Signature Estate & Investment Advisors LLC now owns 8,774 shares of the industrial products company’s stock worth $426,000 after buying an additional 1,898 shares during the last quarter. 94.62% of the stock is owned by institutional investors.

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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