Bemis Co. (BMS) Receives Average Recommendation of “Hold” from Brokerages
Bemis Co. (NYSE:BMS) has been assigned an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock. One investment analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $49.50.
Several analysts have recently weighed in on the company. Zacks Investment Research raised Bemis from a “sell” rating to a “hold” rating in a report on Friday. Jefferies Group reaffirmed a “hold” rating and issued a $46.00 price target (down previously from $47.00) on shares of Bemis in a research note on Tuesday, November 1st. Bank of America Corp. lowered Bemis from a “buy” rating to a “neutral” rating and set a $54.00 price target on the stock. in a research note on Friday, October 28th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $52.00 price target on shares of Bemis in a research note on Tuesday, August 2nd. Finally, FIX assumed coverage on Bemis in a research note on Thursday, July 28th. They issued a “reduce” rating and a $28.00 price target on the stock.
Bemis (NYSE:BMS) opened at 49.14 on Monday. Bemis has a 52 week low of $42.45 and a 52 week high of $54.19. The company has a market cap of $4.60 billion, a PE ratio of 20.31 and a beta of 0.89. The company’s 50-day moving average price is $49.34 and its 200 day moving average price is $50.47.
Bemis (NYSE:BMS) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.75 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.75. Bemis had a return on equity of 20.19% and a net margin of 5.81%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the firm earned $0.67 EPS. Bemis’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts anticipate that Bemis will post $2.68 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Wednesday, November 16th will be given a dividend of $0.29 per share. The ex-dividend date is Monday, November 14th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.36%. Bemis’s payout ratio is currently 47.93%.
Several large investors have recently added to or reduced their stakes in BMS. Vanguard Group Inc. increased its stake in Bemis by 2.3% in the second quarter. Vanguard Group Inc. now owns 9,363,600 shares of the company’s stock worth $482,132,000 after buying an additional 210,016 shares during the last quarter. Mairs & Power INC increased its stake in Bemis by 0.3% in the third quarter. Mairs & Power INC now owns 4,589,277 shares of the company’s stock worth $234,099,000 after buying an additional 15,855 shares during the last quarter. BlackRock Fund Advisors increased its stake in Bemis by 4.3% in the third quarter. BlackRock Fund Advisors now owns 3,451,051 shares of the company’s stock worth $176,038,000 after buying an additional 141,935 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Bemis by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 1,454,583 shares of the company’s stock worth $74,199,000 after buying an additional 6,373 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Bemis by 2.3% in the first quarter. Wellington Management Group LLP now owns 1,316,085 shares of the company’s stock worth $68,148,000 after buying an additional 29,902 shares during the last quarter. Institutional investors own 77.99% 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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