BPC Acquisition Corp (BERY) PT Raised to $67.00

BPC Acquisition Corp (NYSE:BERY) had its target price lifted by equities researchers at Credit Suisse Group from $62.00 to $67.00 in a research note issued to investors on Monday, May 15th, StockTargetPrices.com reports. The firm currently has an “outperform” rating on the industrial products company’s stock. Credit Suisse Group’s price target would indicate a potential upside of 16.00% from the company’s previous close.

BERY has been the subject of several other reports. Deutsche Bank AG lifted their price objective on shares of BPC Acquisition Corp from $56.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 4th. Zacks Investment Research cut shares of BPC Acquisition Corp from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Jefferies Group LLC lifted their price objective on shares of BPC Acquisition Corp from $59.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, May 4th. Royal Bank of Canada reaffirmed a “buy” rating and set a $63.00 price objective on shares of BPC Acquisition Corp in a research report on Friday, May 5th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $54.00 price objective on shares of BPC Acquisition Corp in a research report on Friday, April 28th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. BPC Acquisition Corp currently has a consensus rating of “Buy” and a consensus target price of $57.40.

Analyst Recommendations for BPC Acquisition Corp (NYSE:BERY)

Shares of BPC Acquisition Corp (NYSE:BERY) traded down 0.48% during trading on Monday, reaching $57.76. 625,596 shares of the company were exchanged. The firm has a 50-day moving average price of $56.51 and a 200-day moving average price of $51.54. The stock has a market capitalization of $7.48 billion, a P/E ratio of 25.06 and a beta of 1.09. BPC Acquisition Corp has a 1-year low of $34.98 and a 1-year high of $58.95.

BPC Acquisition Corp (NYSE:BERY) last issued its quarterly earnings results on Wednesday, May 3rd. The industrial products company reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.12. BPC Acquisition Corp had a net margin of 4.50% and a return on equity of 110.06%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter last year, the company posted $0.58 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. Equities research analysts predict that BPC Acquisition Corp will post $2.88 earnings per share for the current fiscal year.

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In other BPC Acquisition Corp news, President Curt Begle sold 18,000 shares of BPC Acquisition Corp stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $55.23, for a total value of $994,140.00. Following the transaction, the president now directly owns 31,200 shares in the company, valued at $1,723,176. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Evan Bayh sold 15,500 shares of BPC Acquisition Corp stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $57.98, for a total transaction of $898,690.00. Following the completion of the transaction, the director now owns 40,000 shares in the company, valued at $2,319,200. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,000 shares of company stock worth $4,581,515. 3.11% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Inc. raised its position in shares of BPC Acquisition Corp by 14.0% in the third quarter. Advisor Group Inc. now owns 2,434 shares of the industrial products company’s stock worth $107,000 after buying an additional 299 shares during the period. First Quadrant L P CA purchased a new position in shares of BPC Acquisition Corp during the first quarter worth about $144,000. FTB Advisors Inc. raised its position in shares of BPC Acquisition Corp by 809.5% in the first quarter. FTB Advisors Inc. now owns 3,811 shares of the industrial products company’s stock worth $185,000 after buying an additional 3,392 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of BPC Acquisition Corp by 2.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 3,992 shares of the industrial products company’s stock worth $194,000 after buying an additional 111 shares during the period. Finally, Pacer Advisors Inc. raised its position in shares of BPC Acquisition Corp by 31.8% in the third quarter. Pacer Advisors Inc. now owns 4,095 shares of the industrial products company’s stock worth $180,000 after buying an additional 987 shares during the period. Institutional investors and hedge funds own 98.97% of the company’s stock.

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.

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