BPC Acquisition Corp (NYSE:BERY) had its price objective boosted by research analysts at Barclays PLC from $65.00 to $71.00 in a note issued to investors on Monday. The firm presently has an “overweight” rating on the industrial products company’s stock. Barclays PLC’s price objective suggests a potential upside of 24.50% from the stock’s current price.

A number of other brokerages have also issued reports on BERY. UBS AG initiated coverage on shares of BPC Acquisition Corp in a research note on Tuesday, July 25th. They set a “buy” rating and a $67.00 price target on the stock. BidaskClub lowered shares of BPC Acquisition Corp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada restated a “buy” rating and set a $60.00 price target on shares of BPC Acquisition Corp in a research note on Tuesday, April 11th. Zacks Investment Research upgraded shares of BPC Acquisition Corp from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. Finally, SunTrust Banks, Inc. upgraded shares of BPC Acquisition Corp from a “hold” rating to a “buy” rating and increased their price objective for the stock from $51.00 to $65.00 in a research note on Monday, June 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. BPC Acquisition Corp has an average rating of “Buy” and a consensus price target of $62.91.

Shares of BPC Acquisition Corp (NYSE:BERY) opened at 57.03 on Monday. The company’s 50 day moving average is $57.34 and its 200 day moving average is $53.28. BPC Acquisition Corp has a 12 month low of $39.45 and a 12 month high of $58.95. The company has a market cap of $7.39 billion, a P/E ratio of 24.74 and a beta of 1.08.

BPC Acquisition Corp (NYSE:BERY) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ 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 analyst estimates of $1.94 billion. During the same quarter in the prior year, the business posted $0.82 EPS. BPC Acquisition Corp’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities research analysts predict that BPC Acquisition Corp will post $3.02 EPS for the current fiscal year.

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In related news, President Curt Begle sold 18,000 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $57.02, for a total transaction of $1,026,360.00. Following the sale, the president now directly owns 1,899 shares of the company’s stock, valued at $108,280.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carl J. Rickertsen sold 29,500 shares of the stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $56.35, for a total transaction of $1,662,325.00. Following the sale, the director now directly owns 15,119 shares in the company, valued at $851,955.65. The disclosure for this sale can be found here. Insiders sold 63,000 shares of company stock worth $3,587,375 in the last quarter. Company insiders own 3.11% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Syntal Capital Partners LLC purchased a new stake in shares of BPC Acquisition Corp during the second quarter worth about $651,000. Victory Capital Management Inc. increased its stake in shares of BPC Acquisition Corp by 0.3% in the second quarter. Victory Capital Management Inc. now owns 146,828 shares of the industrial products company’s stock worth $8,371,000 after buying an additional 375 shares during the period. Tocqueville Asset Management L.P. purchased a new stake in shares of BPC Acquisition Corp during the second quarter worth about $228,000. Braun Stacey Associates Inc. increased its stake in shares of BPC Acquisition Corp by 14.6% in the second quarter. Braun Stacey Associates Inc. now owns 166,440 shares of the industrial products company’s stock worth $9,489,000 after buying an additional 21,265 shares during the period. Finally, BB&T Corp increased its stake in shares of BPC Acquisition Corp by 11.8% in the second quarter. BB&T Corp now owns 30,085 shares of the industrial products company’s stock worth $1,715,000 after buying an additional 3,166 shares during the period. 99.45% of the stock is currently 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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