BPC Acquisition Corp (BERY) PT Raised to $71.00 at Citigroup Inc.

BPC Acquisition Corp (NYSE:BERY) had its price objective hoisted by Citigroup Inc. from $68.00 to $71.00 in a research note issued to investors on Monday. The firm currently has a “buy” rating on the industrial products company’s stock. Citigroup Inc.’s price objective points to a potential upside of 18.43% from the stock’s current price.

Several other analysts have also recently issued reports on BERY. UBS AG initiated 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 objective for the company. BidaskClub cut shares of BPC Acquisition Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Barclays PLC boosted their price objective on shares of BPC Acquisition Corp from $65.00 to $71.00 and gave the company an “overweight” rating in a research note on Monday, August 7th. KeyCorp reissued a “hold” rating on shares of BPC Acquisition Corp in a research note on Friday, August 25th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $67.00 price objective on shares of BPC Acquisition Corp in a research note on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $67.00.

Shares of BPC Acquisition Corp (NYSE:BERY) opened at $59.95 on Monday. BPC Acquisition Corp has a 12 month low of $45.73 and a 12 month high of $61.19. The stock has a market cap of $7,820.00, a price-to-earnings ratio of 19.29, a PEG ratio of 0.87 and a beta of 1.08. The company has a current ratio of 1.82, a quick ratio of 1.09 and a debt-to-equity ratio of 6.91.

BPC Acquisition Corp (NYSE:BERY) last announced its quarterly earnings data on Thursday, November 16th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.08. BPC Acquisition Corp had a net margin of 4.79% and a return on equity of 68.90%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period in the previous year, the company earned $0.61 EPS. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. sell-side analysts predict that BPC Acquisition Corp will post 3.44 earnings per share for the current fiscal year.

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In other BPC Acquisition Corp news, President Curt Begle sold 6,397 shares of the business’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $60.04, for a total value of $384,075.88. Following the transaction, the president now owns 6,397 shares in the company, valued at approximately $384,075.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 34,378 shares of company stock worth $2,063,324 in the last 90 days. Company insiders own 3.11% of the company’s stock.

A number of hedge funds have recently modified their holdings of BERY. Dimensional Fund Advisors LP lifted its holdings in BPC Acquisition Corp by 16.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 689,266 shares of the industrial products company’s stock worth $33,476,000 after buying an additional 96,234 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in BPC Acquisition Corp by 6.7% in the 1st quarter. New York State Teachers Retirement System now owns 11,200 shares of the industrial products company’s stock worth $544,000 after buying an additional 700 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in BPC Acquisition Corp by 4.1% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 8,645 shares of the industrial products company’s stock worth $420,000 after buying an additional 344 shares in the last quarter. Aperio Group LLC lifted its holdings in BPC Acquisition Corp by 2.8% in the 2nd quarter. Aperio Group LLC now owns 9,460 shares of the industrial products company’s stock worth $539,000 after buying an additional 261 shares in the last quarter. Finally, BB&T Corp lifted its holdings in BPC Acquisition Corp by 11.8% in the 2nd quarter. BB&T Corp now owns 30,085 shares of the industrial products company’s stock worth $1,715,000 after buying an additional 3,166 shares in the last quarter. Hedge funds and other institutional investors own 94.36% 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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