News headlines about BPC Acquisition Corp (NYSE:BERY) have been trending positive on Saturday, AlphaOne Sentiment Analysis reports. The research firm, a service of Accern, identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BPC Acquisition Corp earned a news sentiment score of 0.27 on AlphaOne’s scale. AlphaOne also assigned media coverage about the industrial products company an impact score of 62 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the stock’s share price in the immediate future.
Several analysts recently weighed in on BERY shares. Citigroup Inc. reaffirmed a “buy” rating on shares of BPC Acquisition Corp in a report on Tuesday, March 7th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $60.00 target price on shares of BPC Acquisition Corp in a report on Tuesday, April 11th. Zacks Investment Research cut shares of BPC Acquisition Corp from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. BMO Capital Markets reaffirmed a “hold” rating and issued a $54.00 target price on shares of BPC Acquisition Corp in a report on Friday, April 28th. Finally, Deutsche Bank AG raised their target price on shares of BPC Acquisition Corp from $56.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, May 4th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $57.40.
Shares of BPC Acquisition Corp (NYSE BERY) traded down 0.48% during mid-day trading on Friday, reaching $57.76. 625,596 shares of the company traded hands. The company has a market capitalization of $7.48 billion, a P/E ratio of 25.06 and a beta of 1.09. BPC Acquisition Corp has a 52-week low of $34.98 and a 52-week high of $58.95. The firm’s 50 day moving average price is $56.51 and its 200-day moving average price is $51.54.
BPC Acquisition Corp (NYSE:BERY) last released its quarterly earnings results on Wednesday, May 3rd. The industrial products company reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.12. BPC Acquisition Corp had a return on equity of 110.06% and a net margin of 4.50%. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the prior year, the business earned $0.58 EPS. BPC Acquisition Corp’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts predict that BPC Acquisition Corp will post $2.88 earnings per share for the current fiscal year.
In other BPC Acquisition Corp news, Director Evan Bayh sold 15,500 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $57.98, for a total value of $898,690.00. Following the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $2,319,200. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Curt Begle sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $55.23, for a total value of $994,140.00. Following the completion of the transaction, the president now directly owns 31,200 shares in the company, valued at $1,723,176. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 81,000 shares of company stock worth $4,581,515. 3.11% of the stock is currently owned by corporate insiders.
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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