BPC Acquisition Corp’s (BERY) Buy Rating Reiterated at Citigroup Inc.
BPC Acquisition Corp (NYSE:BERY)‘s stock had its “buy” rating reissued by analysts at Citigroup Inc. in a research report issued on Thursday. They currently have a $68.00 target price on the industrial products company’s stock, down from their prior target price of $69.00. Citigroup Inc.’s price objective points to a potential upside of 20.46% from the stock’s current price.
Other research analysts have also issued reports about the stock. Credit Suisse Group raised their price objective on shares of BPC Acquisition Corp from $62.00 to $67.00 and gave the stock an “outperform” rating in a report on Monday, May 15th. Barclays PLC lifted their price target on shares of BPC Acquisition Corp from $65.00 to $71.00 and gave the company an “overweight” rating in a report on Monday, August 7th. ValuEngine lowered shares of BPC Acquisition Corp from a “buy” rating to a “hold” rating in a report on Wednesday. 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 report on Tuesday, June 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $67.00 price target (up from $63.00) on shares of BPC Acquisition Corp in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $64.17.
BPC Acquisition Corp (NYSE BERY) traded up 0.80% during trading on Thursday, reaching $56.45. 1,084,817 shares of the company’s stock traded hands. The stock has a market capitalization of $7.36 billion, a P/E ratio of 23.97 and a beta of 1.09. The stock has a 50-day moving average price of $56.97 and a 200 day moving average price of $54.36. BPC Acquisition Corp has a 1-year low of $42.46 and a 1-year high of $58.95.
BPC Acquisition Corp (NYSE:BERY) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.10. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.94 billion. BPC Acquisition Corp had a net margin of 4.49% and a return on equity of 76.66%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the business earned $0.82 EPS. Equities research analysts expect that BPC Acquisition Corp will post $3.03 earnings per share for the current year.
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Institutional investors have recently bought and sold shares of the business. Acrospire Investment Management LLC boosted its stake in BPC Acquisition Corp by 315.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,107 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 1,600 shares during the period. First Quadrant L P CA acquired a new position in BPC Acquisition Corp during the 1st quarter valued at about $144,000. CrestPoint Capital Management LLC acquired a new position in BPC Acquisition Corp during the 2nd quarter valued at about $205,000. Public Employees Retirement Association of Colorado boosted its stake in BPC Acquisition Corp by 2.9% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 3,992 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 111 shares during the period. Finally, Tocqueville Asset Management L.P. acquired a new position in BPC Acquisition Corp during the 2nd quarter valued at about $228,000. 94.62% of the stock is owned by hedge funds and other institutional investors.
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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