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.

Analyst Recommendations for BPC Acquisition Corp (NYSE:BERY)

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