BPC Acquisition Corp (NYSE:BERY) hit a new 52-week high during trading on Friday . The company traded as high as $59.21 and last traded at $59.19, with a volume of 574,149 shares changing hands. The stock had previously closed at $58.78.
A number of equities research analysts have commented on BERY shares. BidaskClub downgraded shares of BPC Acquisition Corp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. UBS AG started coverage on shares of BPC Acquisition Corp in a research report on Tuesday, July 25th. They issued a “buy” rating and a $67.00 price objective on the stock. SunTrust Banks, Inc. reissued a “buy” rating and issued a $65.00 price objective on shares of BPC Acquisition Corp in a research report on Monday, October 2nd. Citigroup Inc. reissued a “buy” rating on shares of BPC Acquisition Corp in a research report on Thursday, August 31st. Finally, KeyCorp reissued a “hold” rating on shares of BPC Acquisition Corp in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $64.08.
The company has a market cap of $7.73 billion, a PE ratio of 25.16 and a beta of 1.08. The company’s 50-day moving average price is $56.68 and its 200-day moving average price is $55.30.
BPC Acquisition Corp (NYSE:BERY) last posted its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.10. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 earnings per share. On average, analysts predict that BPC Acquisition Corp will post $3.03 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of BERY. Great West Life Assurance Co. Can raised its holdings in BPC Acquisition Corp by 4.2% in the first quarter. Great West Life Assurance Co. Can now owns 13,240 shares of the industrial products company’s stock valued at $642,000 after acquiring an additional 532 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in BPC Acquisition Corp by 2.9% in the first quarter. Public Employees Retirement Association of Colorado now owns 3,992 shares of the industrial products company’s stock valued at $194,000 after acquiring an additional 111 shares in the last quarter. UBS Asset Management Americas Inc. raised its holdings in BPC Acquisition Corp by 24.4% in the first quarter. UBS Asset Management Americas Inc. now owns 78,345 shares of the industrial products company’s stock valued at $3,805,000 after acquiring an additional 15,378 shares in the last quarter. Karp Capital Management Corp acquired a new stake in BPC Acquisition Corp in the first quarter valued at $447,000. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in BPC Acquisition Corp by 63.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 8,286 shares of the industrial products company’s stock valued at $402,000 after acquiring an additional 3,207 shares in the last quarter. 94.64% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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