Bemis Co. (NYSE:BMS) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Bemis Co. (NYSE:BMS) have received an average rating of “Hold” from the fourteen research firms that are covering the firm. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $48.50.
A number of equities analysts have commented on the stock. Jefferies Group reduced their target price on shares of Bemis from $48.00 to $47.00 and set a “hold” rating for the company in a report on Monday, August 1st. FIX assumed coverage on shares of Bemis in a report on Thursday, July 28th. They issued a “reduce” rating and a $28.00 target price for the company. Citigroup Inc. boosted their target price on shares of Bemis from $52.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, July 19th. Zacks Investment Research downgraded shares of Bemis from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $52.00 target price on shares of Bemis in a report on Tuesday, August 2nd.
Large investors have recently modified their holdings of the stock. Zurich Insurance Group Ltd FI bought a new stake in Bemis during the first quarter valued at approximately $932,000. BNP Paribas Arbitrage SA raised its stake in Bemis by 53.6% in the second quarter. BNP Paribas Arbitrage SA now owns 55,756 shares of the company’s stock valued at $2,871,000 after buying an additional 19,455 shares in the last quarter. Renaissance Technologies LLC raised its stake in Bemis by 36.6% in the first quarter. Renaissance Technologies LLC now owns 857,700 shares of the company’s stock valued at $44,412,000 after buying an additional 230,000 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Bemis by 12.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,250,552 shares of the company’s stock valued at $168,314,000 after buying an additional 362,058 shares in the last quarter. Finally, Wellington Management Group LLP raised 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 valued at $68,148,000 after buying an additional 29,902 shares in the last quarter. Hedge funds and other institutional investors own 75.74% of the company’s stock.
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Shares of Bemis (NYSE:BMS) traded down 0.1990% during trading on Monday, hitting $49.4414. 103,413 shares of the stock traded hands. The stock has a 50 day moving average of $51.28 and a 200 day moving average of $51.01. The firm has a market cap of $4.68 billion, a price-to-earnings ratio of 21.1198 and a beta of 0.65. Bemis has a 52-week low of $40.76 and a 52-week high of $54.19.
Bemis (NYSE:BMS) last announced its earnings results on Thursday, July 28th. The company reported $0.67 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.67. The business earned $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. Bemis had a net margin of 5.67% and a return on equity of 19.75%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 earnings per share. Analysts expect that Bemis will post $2.72 EPS for the current year.
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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