BPC Acquisition Corp (BERY) Given New $69.00 Price Target at Royal Bank Of Canada

BPC Acquisition Corp (NYSE:BERY) had its price target upped by Royal Bank Of Canada from $65.00 to $69.00 in a research note published on Monday. They currently have an outperform rating on the industrial products company’s stock.

A number of other research analysts have also issued reports on the stock. BidaskClub lowered shares of BPC Acquisition Corp from a sell rating to a strong sell rating in a research note on Wednesday, August 2nd. UBS AG started coverage on shares of BPC Acquisition Corp in a research note on Tuesday, July 25th. They set a buy rating and a $67.00 price target on the stock. Robert W. Baird boosted their price target on shares of BPC Acquisition Corp from $65.00 to $70.00 and gave the stock an outperform rating in a research note on Friday. SunTrust Banks, Inc. reiterated a buy rating and set a $65.00 price target on shares of BPC Acquisition Corp in a research note on Monday, October 2nd. Finally, Zacks Investment Research lowered shares of BPC Acquisition Corp from a buy rating to a hold rating in a research note on Monday, October 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $67.00.

BPC Acquisition Corp (NYSE BERY) opened at $59.45 on Monday. The company has a quick ratio of 1.09, a current ratio of 1.82 and a debt-to-equity ratio of 6.91. The company has a market cap of $7,840.00, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 0.87 and a beta of 1.08. BPC Acquisition Corp has a one year low of $45.66 and a one year high of $61.19.

BPC Acquisition Corp (NYSE:BERY) last posted its quarterly earnings data on Thursday, November 16th. The industrial products company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.08. The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.91 billion. BPC Acquisition Corp had a net margin of 4.79% and a return on equity of 68.90%. BPC Acquisition Corp’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 earnings per share. equities research analysts anticipate that BPC Acquisition Corp will post 3.44 EPS for the current year.

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In related news, President Curt Begle sold 22,541 shares of the business’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $60.01, for a total transaction of $1,352,685.41. Following the sale, the president now owns 17,189 shares of the company’s stock, valued at $1,031,511.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders have sold 34,378 shares of company stock worth $2,063,324. 3.11% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in BERY. Acrospire Investment Management LLC lifted its holdings in shares of BPC Acquisition Corp by 315.6% in the second 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 in the last quarter. Tocqueville Asset Management L.P. purchased a new stake in shares of BPC Acquisition Corp in the second quarter valued at about $228,000. Oakbrook Investments LLC purchased a new stake in shares of BPC Acquisition Corp in the third quarter valued at about $246,000. Metropolitan Life Insurance Co. NY lifted its holdings in shares of BPC Acquisition Corp by 4.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 8,645 shares of the industrial products company’s stock valued at $420,000 after purchasing an additional 344 shares in the last quarter. Finally, Symphony Asset Management LLC lifted its holdings in shares of BPC Acquisition Corp by 4.0% in the second quarter. Symphony Asset Management LLC now owns 7,671 shares of the industrial products company’s stock valued at $438,000 after purchasing an additional 295 shares in the last quarter. 94.36% of the stock is currently owned by institutional investors.

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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