BidaskClub downgraded shares of BPC Acquisition Corp (NYSE:BERY) from a sell rating to a strong sell rating in a report published on Wednesday.

BERY has been the topic of a number of other reports. Citigroup Inc. reaffirmed a buy rating on shares of BPC Acquisition Corp in a research report on Thursday, August 31st. SunTrust Banks, Inc. raised BPC Acquisition Corp from a hold rating to a buy rating and upped their target price for the company from $51.00 to $65.00 in a research report on Monday, June 26th. KeyCorp reaffirmed a hold rating on shares of BPC Acquisition Corp in a research report on Friday, August 25th. UBS AG initiated coverage on BPC Acquisition Corp in a research report on Tuesday, July 25th. They issued a buy rating and a $67.00 target price on the stock. Finally, Zacks Investment Research lowered BPC Acquisition Corp from a buy rating to a hold rating in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. The company has an average rating of Buy and an average target price of $64.17.

BPC Acquisition Corp (NYSE:BERY) last announced its 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 return on equity of 76.66% and a net margin of 4.49%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the company posted $0.82 EPS. BPC Acquisition Corp’s quarterly revenue was up 15.9% on a year-over-year basis.

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A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in BPC Acquisition Corp by 12.0% during the 1st quarter. Vanguard Group Inc. now owns 10,135,557 shares of the industrial products company’s stock worth $492,284,000 after buying an additional 1,089,650 shares during the last quarter. BlackRock Inc. grew its stake in BPC Acquisition Corp by 20,404.9% during the 1st quarter. BlackRock Inc. now owns 5,099,577 shares of the industrial products company’s stock worth $247,685,000 after buying an additional 5,074,707 shares during the last quarter. Canyon Capital Advisors LLC grew its stake in BPC Acquisition Corp by 57.9% during the 1st quarter. Canyon Capital Advisors LLC now owns 4,957,700 shares of the industrial products company’s stock worth $240,795,000 after buying an additional 1,817,805 shares during the last quarter. FMR LLC grew its stake in BPC Acquisition Corp by 12.8% during the 1st quarter. FMR LLC now owns 4,206,009 shares of the industrial products company’s stock worth $204,286,000 after buying an additional 477,381 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in BPC Acquisition Corp by 19.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,440,614 shares of the industrial products company’s stock worth $167,111,000 after buying an additional 555,593 shares during the last quarter. Hedge funds and other institutional investors own 94.64% of the company’s stock.

About BPC Acquisition Corp

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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