Bemis Company, Inc. (BMS) Receives Average Recommendation of “Hold” from Brokerages
Bemis Company, Inc. (NYSE:BMS) has been given a consensus recommendation of “Hold” by the thirteen analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $49.67.
A number of equities research analysts have weighed in on BMS shares. UBS AG started coverage on Bemis in a research report on Tuesday, July 25th. They set a “buy” rating and a $55.00 price target on the stock. TheStreet downgraded Bemis from a “b” rating to a “c+” rating in a research report on Thursday, July 27th. SunTrust Banks, Inc. restated a “hold” rating and set a $47.00 price target (down previously from $49.00) on shares of Bemis in a research report on Thursday, September 14th. Robert W. Baird reaffirmed a “hold” rating and set a $48.00 price objective on shares of Bemis in a research note on Friday, September 1st. Finally, Citigroup Inc. reaffirmed a “hold” rating on shares of Bemis in a research note on Thursday, August 31st.
Several large investors have recently made changes to their positions in the company. Curbstone Financial Management Corp grew its stake in shares of Bemis by 102.0% during the third quarter. Curbstone Financial Management Corp now owns 15,190 shares of the industrial products company’s stock valued at $692,000 after buying an additional 7,670 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Bemis in the second quarter worth about $626,000. Public Employees Retirement System of Ohio grew its stake in shares of Bemis by 3.1% in the second quarter. Public Employees Retirement System of Ohio now owns 33,293 shares of the industrial products company’s stock worth $1,540,000 after purchasing an additional 1,011 shares during the last quarter. Verition Fund Management LLC grew its stake in shares of Bemis by 192.2% in the second quarter. Verition Fund Management LLC now owns 17,679 shares of the industrial products company’s stock worth $818,000 after purchasing an additional 11,629 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its stake in shares of Bemis by 3.9% in the second quarter. Ameritas Investment Partners Inc. now owns 37,488 shares of the industrial products company’s stock worth $1,732,000 after purchasing an additional 1,400 shares during the last quarter. 75.66% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Bemis (BMS) traded down 1.04% during midday trading on Wednesday, reaching $46.43. The company had a trading volume of 323,553 shares. The company has a market capitalization of $4.22 billion, a PE ratio of 20.94 and a beta of 0.90. Bemis has a one year low of $40.60 and a one year high of $51.98. The company has a 50 day moving average of $45.33 and a 200 day moving average of $45.51.
Bemis (NYSE:BMS) last released 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 firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The company’s revenue for the quarter was down .9% on a year-over-year basis. Analysts predict that Bemis will post $2.37 EPS for the current fiscal year.
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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