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.

The Fly

Analyst Recommendations for BPC Acquisition Corp (NYSE:BERY)

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