BPC Acquisition Corp (BERY) Stock Rating Lowered by BidaskClub

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.

Analyst Recommendations for BPC Acquisition Corp (NYSE:BERY)

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