SunTrust Banks, Inc. Raises BPC Acquisition Corp (BERY) Price Target to $69.00
BPC Acquisition Corp (NYSE:BERY) had its price target raised by SunTrust Banks, Inc. to $69.00 in a research note released on Tuesday, The Fly reports. They currently have a buy rating on the industrial products company’s stock. SunTrust Banks also issued estimates for BPC Acquisition Corp’s Q1 2018 earnings at $0.66 EPS, Q2 2018 earnings at $0.94 EPS, Q3 2018 earnings at $1.04 EPS, Q4 2018 earnings at $0.97 EPS, FY2018 earnings at $3.62 EPS, Q1 2019 earnings at $0.83 EPS, Q2 2019 earnings at $1.03 EPS, Q3 2019 earnings at $1.11 EPS, Q4 2019 earnings at $1.06 EPS and FY2019 earnings at $4.02 EPS.
Several other equities research analysts also recently commented on the stock. Citigroup Inc. reaffirmed a buy rating on shares of BPC Acquisition Corp in a report on Thursday, August 31st. KeyCorp reaffirmed a hold rating on shares of BPC Acquisition Corp in a report on Friday, August 25th. Robert W. Baird reaffirmed a buy rating and set a $65.00 price objective on shares of BPC Acquisition Corp in a report on Friday, September 1st. UBS AG started coverage on shares of BPC Acquisition Corp in a report on Tuesday, July 25th. They set a buy rating and a $67.00 price objective on the stock. Finally, BidaskClub downgraded shares of BPC Acquisition Corp from a sell rating to a strong sell rating in a report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $67.00.
BPC Acquisition Corp (BERY) opened at $59.48 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.77 and a debt-to-equity ratio of 5.53. The firm has a market cap of $7,791.88, a PE ratio of 19.25, a P/E/G ratio of 0.86 and a beta of 1.08. BPC Acquisition Corp has a fifty-two week low of $45.86 and a fifty-two week high of $61.19.
BPC Acquisition Corp (NYSE:BERY) last issued its quarterly earnings results on Thursday, November 16th. The industrial products company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.08. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.91 billion. BPC Acquisition Corp had a net margin of 4.79% and a return on equity of 58.69%. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. analysts predict that BPC Acquisition Corp will post 3.45 earnings per share for the current fiscal year.
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In related news, President Curt Begle sold 5,440 shares of the firm’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $60.03, for a total value of $326,563.20. Following the completion of the sale, the president now owns 5,440 shares of the company’s stock, valued at $326,563.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 34,378 shares of company stock valued at $2,063,324 in the last ninety days. 3.11% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of BERY. State of Tennessee Treasury Department bought a new position in BPC Acquisition Corp in the second quarter worth $20,070,000. Victory Capital Management Inc. raised its holdings in BPC Acquisition Corp by 119.5% in the third quarter. Victory Capital Management Inc. now owns 322,350 shares of the industrial products company’s stock worth $18,261,000 after purchasing an additional 175,522 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in BPC Acquisition Corp by 16.2% in the first quarter. Dimensional Fund Advisors LP now owns 689,266 shares of the industrial products company’s stock worth $33,476,000 after purchasing an additional 96,234 shares in the last quarter. Origin Asset Management LLP raised its holdings in BPC Acquisition Corp by 25.0% in the second quarter. Origin Asset Management LLP now owns 399,688 shares of the industrial products company’s stock worth $22,786,000 after purchasing an additional 80,000 shares in the last quarter. Finally, Verition Fund Management LLC raised its holdings in BPC Acquisition Corp by 317.1% in the second quarter. Verition Fund Management LLC now owns 52,850 shares of the industrial products company’s stock worth $3,013,000 after purchasing an additional 40,180 shares in the last quarter. Institutional investors and hedge funds own 94.36% 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.
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