BPC Acquisition Corp (BERY) Receiving Somewhat Favorable Press Coverage, Analysis Shows
Media headlines about BPC Acquisition Corp (NYSE:BERY) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BPC Acquisition Corp earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 45.0436834788191 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several research firms have commented on BERY. ValuEngine raised shares of BPC Acquisition Corp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Royal Bank Of Canada restated a “buy” rating and set a $63.00 target price on shares of BPC Acquisition Corp in a research report on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and set a $63.00 target price on shares of BPC Acquisition Corp in a research report on Thursday, June 8th. Zacks Investment Research upgraded shares of BPC Acquisition Corp from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Tuesday, June 6th. Finally, Barclays PLC upped their target price on shares of BPC Acquisition Corp from $65.00 to $71.00 and gave the company an “overweight” rating in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $64.17.
Shares of BPC Acquisition Corp (NYSE:BERY) opened at 55.89 on Monday. The firm has a 50-day moving average of $56.90 and a 200 day moving average of $54.73. BPC Acquisition Corp has a 52 week low of $42.46 and a 52 week high of $58.95. The firm has a market capitalization of $7.29 billion, a P/E ratio of 23.73 and a beta of 1.09.
BPC Acquisition Corp (NYSE:BERY) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.93 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 company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the firm posted $0.82 EPS. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities research analysts expect that BPC Acquisition Corp will post $3.03 EPS for the current fiscal year.
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.
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