BPC Acquisition Corp (NYSE:BERY)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Group LLC in a report issued on Friday, July 14th. They presently have a $67.00 price objective on the industrial products company’s stock, up from their prior price objective of $63.00. Jefferies Group LLC’s price objective would indicate a potential upside of 19.58% from the stock’s current price.
Other equities research analysts have also issued research reports about the stock. Credit Suisse Group upped their price target on shares of BPC Acquisition Corp from $62.00 to $67.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $60.00 price target on shares of BPC Acquisition Corp in a research report on Tuesday, April 11th. Zacks Investment Research raised shares of BPC Acquisition Corp from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Tuesday, June 6th. BidaskClub lowered shares of BPC Acquisition Corp from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, ValuEngine raised shares of BPC Acquisition Corp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $62.10.
BPC Acquisition Corp (NYSE:BERY) traded down 1.29% on Friday, hitting $56.03. 516,226 shares of the stock traded hands. The firm has a market capitalization of $7.26 billion, a PE ratio of 24.31 and a beta of 1.09. The stock has a 50 day moving average of $57.54 and a 200 day moving average of $53.03. BPC Acquisition Corp has a 52 week low of $39.45 and a 52 week high of $58.95.
BPC Acquisition Corp (NYSE:BERY) last posted its earnings results on Wednesday, May 3rd. The industrial products company reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.12. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.79 billion. BPC Acquisition Corp had a net margin of 4.50% and a return on equity of 110.06%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 EPS. Equities research analysts anticipate that BPC Acquisition Corp will post $2.91 earnings per share for the current year.
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In other news, Director Carl J. Rickertsen sold 29,500 shares of BPC Acquisition Corp stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $56.35, for a total transaction of $1,662,325.00. Following the completion of the sale, the director now directly owns 15,119 shares in the company, valued at $851,955.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Curt Begle sold 18,000 shares of BPC Acquisition Corp stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $57.02, for a total value of $1,026,360.00. Following the sale, the president now owns 1,899 shares of the company’s stock, valued at $108,280.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,000 shares of company stock valued at $4,581,515. 3.11% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in BERY. Janus Capital Management LLC raised its position in shares of BPC Acquisition Corp by 15.2% in the fourth quarter. Janus Capital Management LLC now owns 15,200 shares of the industrial products company’s stock valued at $741,000 after buying an additional 2,000 shares in the last quarter. Norges Bank purchased a new position in shares of BPC Acquisition Corp during the fourth quarter valued at approximately $62,465,000. Quadrature Capital Ltd raised its position in shares of BPC Acquisition Corp by 95.5% in the fourth quarter. Quadrature Capital Ltd now owns 21,909 shares of the industrial products company’s stock valued at $1,067,000 after buying an additional 10,703 shares in the last quarter. Teachers Advisors LLC raised its position in shares of BPC Acquisition Corp by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 1,411,339 shares of the industrial products company’s stock valued at $68,775,000 after buying an additional 38,880 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of BPC Acquisition Corp by 32.0% in the first quarter. Bank of Montreal Can now owns 4,496,662 shares of the industrial products company’s stock valued at $218,403,000 after buying an additional 1,090,024 shares in the last quarter. Hedge funds and other institutional investors own 99.67% 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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