Citigroup Inc. Reaffirms Buy Rating for BPC Acquisition Corp (BERY)

Citigroup Inc. reaffirmed their buy rating on shares of BPC Acquisition Corp (NYSE:BERY) in a research report sent to investors on Thursday, August 31st.

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.

Analyst Recommendations for BPC Acquisition Corp (NYSE:BERY)

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