Bemis Company, Inc. (BMS) Receives Average Recommendation of “Hold” from Brokerages
Shares of Bemis Company, Inc. (NYSE:BMS) have earned an average rating of “Hold” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $50.00.
A number of equities research analysts recently issued reports on the stock. BidaskClub downgraded shares of Bemis from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Royal Bank Of Canada reaffirmed a “sell” rating on shares of Bemis in a research note on Thursday, July 6th. Zacks Investment Research raised shares of Bemis from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Barclays PLC raised shares of Bemis from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $43.00 to $54.00 in a research note on Tuesday, June 27th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $45.00 price target (up previously from $40.00) on shares of Bemis in a research note on Friday, July 14th.
Bemis (NYSE BMS) traded up 0.36% during trading on Tuesday, hitting $41.83. 354,253 shares of the company traded hands. Bemis has a 52 week low of $41.20 and a 52 week high of $53.10. The stock has a market capitalization of $3.80 billion, a PE ratio of 18.87 and a beta of 0.90. The company’s 50 day moving average is $44.27 and its 200-day moving average is $46.46.
Bemis (NYSE:BMS) last released its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.08. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Bemis had a net margin of 5.18% and a return on equity of 18.53%. Bemis’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.67 EPS. Analysts predict that Bemis will post $2.37 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 17th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Tuesday, August 15th. Bemis’s dividend payout ratio is currently 54.30%.
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Large investors have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new stake in shares of Bemis during the first quarter valued at $116,000. NEXT Financial Group Inc increased its stake in shares of Bemis by 31.3% in the second quarter. NEXT Financial Group Inc now owns 2,935 shares of the industrial products company’s stock valued at $136,000 after buying an additional 700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Bemis by 33.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,375 shares of the industrial products company’s stock valued at $165,000 after buying an additional 846 shares in the last quarter. Ffcm LLC increased its stake in shares of Bemis 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. Finally, Acrospire Investment Management LLC purchased a new stake in shares of Bemis during the second quarter valued at $194,000. 80.34% of the stock is currently owned by institutional investors and hedge funds.
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.
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