Bemis Company, Inc. (BMS) Stock Rating Reaffirmed by KeyCorp
Bemis Company, Inc. (NYSE:BMS)‘s stock had its “hold” rating reiterated by stock analysts at KeyCorp in a research report issued on Friday.
A number of other research analysts also recently commented on the company. Citigroup Inc. restated a “hold” rating on shares of Bemis in a research note on Thursday, August 31st. Barclays PLC upgraded Bemis from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $43.00 to $54.00 in a research note on Tuesday, June 27th. TheStreet downgraded Bemis from a “b” rating to a “c+” rating in a research note on Thursday, July 27th. Bank of America Corporation upgraded Bemis from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $46.00 to $51.00 in a research note on Friday, September 15th. Finally, BidaskClub downgraded Bemis from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $48.80.
Shares of Bemis (NYSE BMS) traded up 0.462% during trading on Friday, hitting $46.745. 60,595 shares of the stock were exchanged. Bemis has a one year low of $40.60 and a one year high of $51.98. The stock’s 50 day moving average price is $45.60 and its 200 day moving average price is $45.53. The stock has a market cap of $4.24 billion, a PE ratio of 21.085 and a beta of 0.90.
Bemis (NYSE:BMS) last issued its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.08). The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. Bemis had a return on equity of 18.53% and a net margin of 5.18%. Bemis’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.67 earnings per share. Equities research analysts predict that Bemis will post $2.37 EPS for the current year.
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Several large investors have recently added to or reduced their stakes in BMS. UBS Asset Management Americas Inc. grew its stake in shares of Bemis by 11.8% in the first quarter. UBS Asset Management Americas Inc. now owns 76,677 shares of the industrial products company’s stock worth $3,746,000 after purchasing an additional 8,116 shares in the last quarter. Oxford Asset Management bought a new position in shares of Bemis in the first quarter worth $328,000. Prudential Financial Inc. grew its stake in shares of Bemis by 6.3% in the first quarter. Prudential Financial Inc. now owns 76,915 shares of the industrial products company’s stock worth $3,758,000 after purchasing an additional 4,540 shares in the last quarter. OppenheimerFunds Inc. grew its stake in shares of Bemis by 17.7% in the first quarter. OppenheimerFunds Inc. now owns 20,280 shares of the industrial products company’s stock worth $991,000 after purchasing an additional 3,056 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Bemis by 0.6% in the first quarter. Principal Financial Group Inc. now owns 379,705 shares of the industrial products company’s stock worth $18,552,000 after purchasing an additional 2,422 shares in the last quarter. 75.66% of the stock is owned by institutional investors.
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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