BPC Acquisition Corp (BERY) Receives $64.09 Average PT from Analysts
BPC Acquisition Corp (NYSE:BERY) has received a consensus rating of “Buy” from the sixteen research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $64.08.
Several research analysts have issued reports on BERY shares. Zacks Investment Research upgraded shares of BPC Acquisition Corp from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a report on Tuesday. BidaskClub upgraded shares of BPC Acquisition Corp from a “strong sell” rating to a “sell” rating in a report on Tuesday. SunTrust Banks, Inc. restated a “buy” rating and set a $65.00 price target on shares of BPC Acquisition Corp in a report on Monday. Citigroup Inc. restated a “buy” rating and set a $68.00 price target (down previously from $69.00) on shares of BPC Acquisition Corp in a report on Thursday, September 7th. Finally, ValuEngine lowered shares of BPC Acquisition Corp from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th.
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Large investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC increased its stake in shares of BPC Acquisition Corp by 315.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,107 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 1,600 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of BPC Acquisition Corp by 2.9% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 3,992 shares of the industrial products company’s stock valued at $194,000 after acquiring an additional 111 shares in the last quarter. CrestPoint Capital Management LLC bought a new stake in shares of BPC Acquisition Corp in the 2nd quarter valued at $205,000. BlueCrest Capital Management Ltd bought a new stake in shares of BPC Acquisition Corp in the 1st quarter valued at $218,000. Finally, Tocqueville Asset Management L.P. bought a new stake in shares of BPC Acquisition Corp in the 2nd quarter valued at $228,000. Institutional investors own 94.64% of the company’s stock.
Shares of BPC Acquisition Corp (NYSE:BERY) traded up 0.82% during midday trading on Friday, reaching $59.26. 1,010,219 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $56.65 and a 200-day moving average price of $55.23. The stock has a market cap of $7.73 billion, a P/E ratio of 25.16 and a beta of 1.08. BPC Acquisition Corp has a 52-week low of $42.74 and a 52-week high of $59.35.
BPC Acquisition Corp (NYSE:BERY) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.93 EPS for the quarter, topping the 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 business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the company earned $0.82 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. Analysts forecast that BPC Acquisition Corp will post $3.03 earnings per share for the current year.
About BPC Acquisition Corp
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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