Bemis Company Coverage Initiated by Analysts at BMO Capital Markets (BMS)
Stock analysts at BMO Capital Markets began coverage on shares of Bemis Company (NYSE:BMS) in a report issued on Wednesday. The firm set a “market perform” rating and a $39.00 price target on the stock. BMO Capital Markets’ price objective would indicate a potential downside of 4.22% from the stock’s previous close.
Bemis Company (NYSE:BMS) traded down 0.02% on Wednesday, hitting $40.71. 470,627 shares of the company’s stock traded hands. Bemis Company has a 52 week low of $37.01 and a 52 week high of $41.58. The stock has a 50-day moving average of $39.99 and a 200-day moving average of $40.06. The company has a market cap of $4.066 billion and a P/E ratio of 18.59.
Bemis Company (NYSE:BMS) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.01. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. Analysts expect that Bemis Company will post $2.50 EPS for the current fiscal year.
A number of other firms have also recently commented on BMS. Analysts at Zacks reiterated a “neutral” rating on shares of Bemis Company in a research note on Monday, July 28th. They now have a $42.00 price target on the stock. Separately, analysts at Barclays reiterated an “underweight” rating on shares of Bemis Company in a research note on Friday, July 25th. They now have a $39.00 price target on the stock, up previously from $36.00. Finally, analysts at Jefferies Group raised their price target on shares of Bemis Company from $37.00 to $39.00 in a research note on Friday, July 11th. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The company has an average rating of “Hold” and an average price target of $41.00.
Bemis Company, Inc is a manufacturer of packaging products and pressure sensitive materials. The Company’s business activities are organized around its three reportable business segments, U.