Bemis Company, Inc. (NYSE:BMS) was upgraded by equities research analysts at Bank of America Corporation from an “underperform” rating to a “neutral” rating in a report released on Friday, The Fly reports.

Other analysts have also issued reports about the stock. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $47.00 price objective (down from $49.00) on shares of Bemis in a research note on Thursday. UBS AG assumed coverage on shares of Bemis in a research note on Tuesday, July 25th. They set a “buy” rating and a $55.00 price objective for the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $44.00 price objective (down from $45.00) on shares of Bemis in a research note on Tuesday, August 1st. Royal Bank Of Canada reaffirmed a “sell” rating on shares of Bemis in a research note on Thursday, July 6th. Finally, BidaskClub lowered shares of Bemis from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $49.10.

Bemis (NYSE BMS) opened at 46.72 on Friday. The firm’s 50-day moving average is $43.10 and its 200-day moving average is $45.89. The firm has a market cap of $4.24 billion, a PE ratio of 21.07 and a beta of 0.90. Bemis has a 12 month low of $40.60 and a 12 month high of $51.98.

Bemis (NYSE:BMS) last issued its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.08). Bemis had a net margin of 5.18% and a return on equity of 18.53%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company posted $0.67 earnings per share. Bemis’s revenue was down .9% compared to the same quarter last year. Equities analysts expect that Bemis will post $2.37 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Bemis by 2.3% in the second quarter. Vanguard Group Inc. now owns 9,363,600 shares of the industrial products company’s stock worth $482,132,000 after purchasing an additional 210,016 shares in the last quarter. BlackRock Inc. lifted its position in shares of Bemis by 4,921.3% in the first quarter. BlackRock Inc. now owns 8,605,872 shares of the industrial products company’s stock worth $420,485,000 after purchasing an additional 8,434,484 shares in the last quarter. State Street Corp lifted its position in shares of Bemis by 1.7% in the second quarter. State Street Corp now owns 6,345,626 shares of the industrial products company’s stock worth $293,486,000 after purchasing an additional 104,558 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Bemis by 41.6% in the first quarter. American Century Companies Inc. now owns 6,165,677 shares of the industrial products company’s stock worth $301,255,000 after purchasing an additional 1,811,549 shares in the last quarter. Finally, Mairs & Power INC lifted its position in shares of Bemis by 0.3% in the third quarter. Mairs & Power INC now owns 4,589,277 shares of the industrial products company’s stock worth $234,099,000 after purchasing an additional 15,855 shares in the last quarter. 75.74% of the stock is owned by institutional investors and hedge funds.

About Bemis

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.

The Fly

Analyst Recommendations for Bemis (NYSE:BMS)

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