Bemis Company, Inc. (BMS) Given Average Recommendation of “Hold” by Brokerages
Bemis Company, Inc. (NYSE:BMS) has been given a consensus recommendation of “Hold” by the fourteen research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $49.67.
A number of brokerages recently weighed in on BMS. Barclays PLC upgraded shares of Bemis from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $43.00 to $54.00 in a report on Tuesday, June 27th. TheStreet lowered shares of Bemis from a “b” rating to a “c+” rating in a report on Thursday, July 27th. Citigroup Inc. reiterated a “hold” rating on shares of Bemis in a report on Thursday, August 31st. BidaskClub lowered shares of Bemis from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $48.00 price objective on shares of Bemis in a report on Friday, June 2nd.
Bemis (NYSE:BMS) traded down 0.30% during trading on Friday, reaching $46.57. 1,736,444 shares of the company were exchanged. The stock has a market capitalization of $4.23 billion, a P/E ratio of 21.01 and a beta of 0.90. Bemis has a 1-year low of $40.60 and a 1-year high of $51.98. The company’s 50-day moving average price is $43.18 and its 200-day moving average price is $45.87.
Bemis (NYSE:BMS) last released its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.08). Bemis had a return on equity of 18.53% and a net margin of 5.18%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the firm posted $0.67 earnings per share. Bemis’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts forecast that Bemis will post $2.37 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Thursday, August 17th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.58%. Bemis’s dividend payout ratio is currently 54.30%.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Bemis by 4,921.3% in the 1st quarter. BlackRock Inc. now owns 8,605,872 shares of the industrial products company’s stock valued at $420,485,000 after purchasing an additional 8,434,484 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Bemis by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 8,464,812 shares of the industrial products company’s stock valued at $413,591,000 after purchasing an additional 445,901 shares in the last quarter. State Street Corp raised its holdings in shares of Bemis by 1.7% in the 2nd quarter. State Street Corp now owns 6,345,626 shares of the industrial products company’s stock valued at $293,486,000 after purchasing an additional 104,558 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Bemis by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,180,235 shares of the industrial products company’s stock valued at $54,593,000 after purchasing an additional 38,853 shares in the last quarter. Finally, Deprince Race & Zollo Inc. raised its holdings in shares of Bemis by 8.6% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 763,621 shares of the industrial products company’s stock valued at $35,317,000 after purchasing an additional 60,787 shares in the last quarter. Institutional investors and hedge funds own 75.74% of the company’s stock.
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Bemis 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.
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