BPC Acquisition Corp (NYSE:BERY) had its price objective upped by equities research analysts at Barclays PLC from $65.00 to $71.00 in a research report issued to clients and investors on Monday. The firm currently has an “overweight” rating on the industrial products company’s stock. Barclays PLC’s price target would indicate a potential upside of 23.33% from the stock’s previous close.

BERY has been the topic of several other research reports. Deutsche Bank AG lifted their price target on shares of BPC Acquisition Corp from $56.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 4th. Credit Suisse Group lifted their price target on shares of BPC Acquisition Corp from $62.00 to $67.00 and gave the company an “outperform” rating in a report on Monday, May 15th. Royal Bank Of Canada reiterated a “buy” rating and issued a $63.00 price target on shares of BPC Acquisition Corp in a report on Wednesday, July 12th. ValuEngine upgraded shares of BPC Acquisition Corp from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research cut shares of BPC Acquisition Corp from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $62.91.

BPC Acquisition Corp (NYSE BERY) traded up 0.26% during midday trading on Monday, hitting $57.57. 792,722 shares of the stock were exchanged. The company’s 50 day moving average is $57.39 and its 200-day moving average is $53.19. The stock has a market cap of $7.46 billion, a PE ratio of 24.98 and a beta of 1.08. BPC Acquisition Corp has a 1-year low of $39.45 and a 1-year high of $58.95.

BPC Acquisition Corp (NYSE:BERY) last issued its earnings results on Thursday, August 3rd. The industrial products company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.83 by $0.10. BPC Acquisition Corp had a net margin of 4.49% and a return on equity of 99.21%. 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 previous year, the firm earned $0.82 earnings per share. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, analysts expect that BPC Acquisition Corp will post $2.99 earnings per share for the current year.

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In other news, Director Carl J. Rickertsen sold 29,500 shares of the business’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $56.35, for a total transaction of $1,662,325.00. Following the sale, the director now owns 15,119 shares in the company, valued at approximately $851,955.65. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Evan Bayh sold 15,500 shares of the business’s 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 sale, the director now owns 40,000 shares in the company, valued at approximately $2,319,200. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,000 shares of company stock worth $3,587,375. Company insiders own 3.11% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of BPC Acquisition Corp by 12.0% in the first quarter. Vanguard Group Inc. now owns 10,135,557 shares of the industrial products company’s stock worth $492,284,000 after buying an additional 1,089,650 shares during the period. Boston Partners boosted its stake in shares of BPC Acquisition Corp by 0.8% in the first quarter. Boston Partners now owns 6,935,848 shares of the industrial products company’s stock worth $336,874,000 after buying an additional 55,837 shares during the period. BlackRock Inc. boosted its stake in shares of BPC Acquisition Corp by 20,404.9% in the first quarter. BlackRock Inc. now owns 5,099,577 shares of the industrial products company’s stock worth $247,685,000 after buying an additional 5,074,707 shares during the period. Canyon Capital Advisors LLC boosted its stake in shares of BPC Acquisition Corp by 57.9% in the first quarter. Canyon Capital Advisors LLC now owns 4,957,700 shares of the industrial products company’s stock worth $240,795,000 after buying an additional 1,817,805 shares during the period. Finally, Bank of Montreal Can boosted its stake 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 worth $218,403,000 after buying an additional 1,090,024 shares during the period. Hedge funds and other institutional investors own 99.45% 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.

Analyst Recommendations for BPC Acquisition Corp (NYSE:BERY)

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