A number of other equities analysts have also recently commented on the company. Jefferies Group LLC reissued a buy rating and set a $67.00 price target on shares of BPC Acquisition Corp in a report on Thursday, August 31st. KeyCorp reaffirmed a hold rating on shares of BPC Acquisition Corp in a report on Friday, August 25th. Barclays PLC upped their target price on BPC Acquisition Corp from $65.00 to $71.00 and gave the stock an overweight rating in a report on Monday, August 7th. BidaskClub cut BPC Acquisition Corp from a sell rating to a strong sell rating in a report on Wednesday, August 2nd. Finally, UBS AG began coverage on BPC Acquisition Corp in a report on Tuesday, July 25th. They issued a buy rating and a $67.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. BPC Acquisition Corp currently has a consensus rating of Buy and a consensus target price of $64.17.
BPC Acquisition Corp (NYSE:BERY) traded up 0.18% on Thursday, hitting $56.75. 203,843 shares of the stock were exchanged. The company has a market cap of $7.40 billion, a P/E ratio of 24.10 and a beta of 1.09. The company’s 50 day moving average price is $56.93 and its 200-day moving average price is $54.56. BPC Acquisition Corp has a one year low of $42.46 and a one 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 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. BPC Acquisition Corp had a return on equity of 76.66% and a net margin of 4.49%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the firm earned $0.82 EPS. BPC Acquisition Corp’s revenue was up 15.9% on a year-over-year basis. Equities research analysts predict that BPC Acquisition Corp will post $3.03 EPS for the current fiscal year.
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Several institutional investors have recently modified their holdings of BERY. Acrospire Investment Management LLC raised its stake in shares of BPC Acquisition Corp by 315.6% in the second quarter. Acrospire Investment Management LLC now owns 2,107 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 1,600 shares during the last quarter. First Quadrant L P CA purchased a new stake in shares of BPC Acquisition Corp in the first quarter worth approximately $144,000. Public Employees Retirement Association of Colorado raised its stake in shares of 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 purchasing an additional 111 shares during the last quarter. CrestPoint Capital Management LLC purchased a new stake in shares of BPC Acquisition Corp in the second quarter worth approximately $205,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of BPC Acquisition Corp in the first quarter worth approximately $218,000. 94.62% of the stock is owned by hedge funds and other 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.
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