Bemis Co. (NYSE:BMS) Receives Consensus Recommendation of “Hold” from Brokerages
Bemis Co. (NYSE:BMS) has been given a consensus rating of “Hold” by the fourteen ratings firms that are covering the stock. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $48.50.
A number of equities research analysts have recently issued reports on the stock. Jefferies Group upped their price objective on shares of Bemis from $44.00 to $48.00 and gave the company a “hold” rating in a research note on Thursday, July 14th. BMO Capital Markets reiterated a “market perform” rating and set a $52.00 price target on shares of Bemis in a report on Tuesday, August 2nd. FIX started coverage on shares of Bemis in a report on Thursday, July 28th. They set a “reduce” rating and a $28.00 price target for the company. Citigroup Inc. upped their price target on shares of Bemis from $52.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, July 19th. Finally, Zacks Investment Research lowered shares of Bemis from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th.
Bemis (NYSE:BMS) traded down 0.1990% during midday trading on Monday, reaching $49.4414. The company’s stock had a trading volume of 103,413 shares. The stock’s 50-day moving average price is $51.28 and its 200-day moving average price is $51.01. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 21.1198 and a beta of 0.65. Bemis has a 12 month low of $40.76 and a 12 month high of $54.19.
Bemis (NYSE:BMS) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.67 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.67. Bemis had a net margin of 5.67% and a return on equity of 19.75%. The company earned $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the company earned $0.67 EPS. The firm’s revenue was down .9% on a year-over-year basis. Analysts predict that Bemis will post $2.72 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of BMS. Aperio Group LLC raised its position in shares of Bemis by 9.5% in the first quarter. Aperio Group LLC now owns 32,785 shares of the company’s stock valued at $1,698,000 after buying an additional 2,839 shares during the last quarter. CIBC World Markets Inc. acquired a new position in shares of Bemis during the first quarter valued at about $477,000. Pacad Investment Ltd. raised its position in shares of Bemis by 54.5% in the first quarter. Pacad Investment Ltd. now owns 11,036 shares of the company’s stock valued at $571,000 after buying an additional 3,891 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Bemis by 81.9% in the first quarter. TIAA CREF Investment Management LLC now owns 441,811 shares of the company’s stock valued at $22,877,000 after buying an additional 198,916 shares during the last quarter. Finally, Teachers Advisors Inc. raised its position in shares of Bemis by 77.9% in the first quarter. Teachers Advisors Inc. now owns 138,725 shares of the company’s stock valued at $7,183,000 after buying an additional 60,755 shares during the last quarter. Institutional investors own 75.74% of the company’s stock.
Bemis Company, Inc is a manufacturer of packaging products. The Company operates through two business segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment represents food, consumer and industrial products packaging-related manufacturing operations in the United States. The U.S. Packaging segment manufactures multilayer polymer, blown and cast film structures to produce packaging sold for food and personal care product applications, as well as non-food applications.
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