Bemis Company, Inc. (NYSE:BMS)‘s stock had its “sell” rating restated by Royal Bank of Canada in a research note issued on Thursday.

BMS has been the topic of a number of other research reports. Deutsche Bank AG dropped their price objective on Bemis Company from $52.00 to $48.00 and set a “hold” rating on the stock in a report on Friday, April 28th. SunTrust Banks, Inc. downgraded Bemis Company from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $55.00 to $49.00 in a report on Friday, April 28th. Jefferies Group LLC dropped their price objective on Bemis Company from $46.00 to $40.00 and set a “hold” rating on the stock in a report on Tuesday, May 2nd. Zacks Investment Research upgraded Bemis Company from a “sell” rating to a “hold” rating in a report on Monday, April 17th. Finally, Barclays PLC upped their target price on Bemis Company from $43.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Monday, May 1st. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. Bemis Company currently has an average rating of “Hold” and an average price target of $46.90.

Shares of Bemis Company (NYSE:BMS) traded up 0.21% on Thursday, reaching $46.69. 623,767 shares of the company’s stock were exchanged. Bemis Company has a 12 month low of $43.13 and a 12 month high of $53.32. The firm’s 50 day moving average price is $45.03 and its 200-day moving average price is $47.75. The company has a market capitalization of $4.29 billion, a P/E ratio of 18.90 and a beta of 0.91.

Bemis Company (NYSE:BMS) last released its quarterly earnings data on Thursday, April 27th. The industrial products company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by $0.07. Bemis Company had a return on equity of 19.95% and a net margin of 5.73%. The firm had revenue of $995.40 million during the quarter, compared to analyst estimates of $996.21 million. During the same quarter in the prior year, the company posted $0.60 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities analysts anticipate that Bemis Company will post $2.55 EPS for the current year.

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Several large investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System boosted its stake in Bemis Company by 0.4% in the first quarter. Louisiana State Employees Retirement System now owns 23,300 shares of the industrial products company’s stock valued at $1,138,000 after buying an additional 100 shares in the last quarter. Stonebridge Capital Advisors LLC boosted its stake in Bemis Company by 2.3% in the first quarter. Stonebridge Capital Advisors LLC now owns 4,604 shares of the industrial products company’s stock valued at $225,000 after buying an additional 104 shares in the last quarter. Creative Planning boosted its stake in Bemis Company by 1.0% in the first quarter. Creative Planning now owns 12,488 shares of the industrial products company’s stock valued at $610,000 after buying an additional 122 shares in the last quarter. World Asset Management Inc boosted its stake in Bemis Company by 1.9% in the first quarter. World Asset Management Inc now owns 6,687 shares of the industrial products company’s stock valued at $327,000 after buying an additional 124 shares in the last quarter. Finally, Ffcm LLC boosted its stake in Bemis Company by 4.3% in the first quarter. Ffcm LLC now owns 3,724 shares of the industrial products company’s stock valued at $182,000 after buying an additional 154 shares in the last quarter. 79.57% of the stock is owned by institutional investors.

Bemis Company Company Profile

Bemis Company, Inc is a manufacturer of packaging products. The Company operates through two segments: U.S. Packaging and Global Packaging. The U.S. Packaging segment represents all food, consumer, and industrial products packaging-related manufacturing operations located in the United States. The Global Packaging segment includes all packaging-related manufacturing operations located outside of the United States, as well as global medical device and pharmaceutical packaging-related manufacturing operations.

Analyst Recommendations for Bemis Company (NYSE:BMS)

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