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.

Analyst Recommendations for BPC Acquisition Corp (NYSE:BERY)

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