BidaskClub cut shares of BPC Acquisition Corp (NYSE:BERY) from a hold rating to a sell rating in a research report report published on Tuesday morning.
Other equities analysts have also issued reports about the company. Robert W. Baird restated a buy rating and issued a $65.00 target price on shares of BPC Acquisition Corp in a research note on Friday, September 1st. Citigroup Inc. reiterated a buy rating on shares of BPC Acquisition Corp in a report on Thursday, August 31st. Jefferies Group LLC reiterated a buy rating and issued a $67.00 price objective on shares of BPC Acquisition Corp in a report on Thursday, August 31st. Zacks Investment Research upgraded BPC Acquisition Corp from a hold rating to a buy rating and set a $64.00 price objective for the company in a report on Tuesday, October 3rd. Finally, SunTrust Banks, Inc. reiterated a buy rating and issued a $65.00 price objective on shares of BPC Acquisition Corp in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. BPC Acquisition Corp presently has a consensus rating of Buy and a consensus price target of $65.00.
BPC Acquisition Corp (BERY) opened at $59.61 on Tuesday. The firm has a market capitalization of $7,810.00, a PE ratio of 19.85, a price-to-earnings-growth ratio of 0.86 and a beta of 1.08. The company has a quick ratio of 1.09, a current ratio of 1.82 and a debt-to-equity ratio of 6.91. BPC Acquisition Corp has a one year low of $45.47 and a one year high of $61.19.
BPC Acquisition Corp (NYSE:BERY) last announced its earnings results on Thursday, November 16th. The industrial products company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.08. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.91 billion. BPC Acquisition Corp had a return on equity of 76.66% and a net margin of 4.49%. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.61 EPS. equities analysts predict that BPC Acquisition Corp will post 3.02 earnings per share for the current fiscal year.
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In related news, President Curt Begle sold 22,541 shares of the stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $60.01, for a total transaction of $1,352,685.41. Following the completion of the sale, the president now directly owns 17,189 shares in the company, valued at approximately $1,031,511.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 34,378 shares of company stock valued at $2,063,324 over the last 90 days. 3.11% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of the stock. Acrospire Investment Management LLC lifted its holdings in 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 worth $120,000 after buying an additional 1,600 shares during the period. CrestPoint Capital Management LLC purchased a new stake in BPC Acquisition Corp in the 2nd quarter worth approximately $205,000. Tocqueville Asset Management L.P. purchased a new stake in BPC Acquisition Corp in the 2nd quarter worth approximately $228,000. Oakbrook Investments LLC purchased a new stake in BPC Acquisition Corp in the 3rd quarter worth approximately $246,000. Finally, Symphony Asset Management LLC lifted its holdings in BPC Acquisition Corp by 4.0% in the 2nd quarter. Symphony Asset Management LLC now owns 7,671 shares of the industrial products company’s stock worth $438,000 after buying an additional 295 shares during the period. Institutional investors own 94.38% of the company’s stock.
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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