Morningstar Issues BBB+ Credit Rating to Bemis Company (BMS)
Bemis Company (NYSE:BMS) has been given a “BBB+” credit rating by Morningstar. The firm’s “BBB+” rating indicates that the company is a moderate default risk. They also issued a positive credit outlook for the company and gave their stock a three star rating.
BMS has been the subject of a number of other recent research reports. 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 five have assigned a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $41.33.
Bemis Company (NYSE:BMS) opened at 40.72 on Wednesday. Bemis Company has a 52-week low of $37.01 and a 52-week high of $41.58. The stock’s 50-day moving average is $39.99 and its 200-day moving average is $40.06. The company has a market cap of $4.067 billion and a price-to-earnings ratio of 18.60.
Bemis Company (NYSE:BMS) last announced its earnings results on Thursday, July 24th. The company reported $0.65 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.61 earnings per share. Bemis Company’s revenue was down 4.3% compared to the same quarter last year. Analysts expect that Bemis Company will post $2.50 EPS for the current fiscal year.
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.
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