Barclays PLC Boosts Bemis Company, Inc. (BMS) Price Target to $52.00
Bemis Company, Inc. (NYSE:BMS) had its price objective increased by Barclays PLC from $50.00 to $52.00 in a report released on Monday. The brokerage currently has an “overweight” rating on the industrial products company’s stock. Barclays PLC’s target price indicates a potential upside of 15.71% from the stock’s current price.
A number of other analysts have also weighed in on the company. TheStreet lowered Bemis from a “b” rating to a “c+” rating in a research report on Thursday, July 27th. Robert W. Baird reaffirmed a “hold” rating and set a $48.00 price objective on shares of Bemis in a research report on Friday, September 1st. UBS AG assumed coverage on Bemis in a research report on Tuesday, July 25th. They set a “buy” rating and a $55.00 price objective on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $44.00 price objective (down previously from $45.00) on shares of Bemis in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised Bemis from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $48.60.
Shares of Bemis (NYSE:BMS) traded down 0.09% on Monday, hitting $44.94. The stock had a trading volume of 836,172 shares. The stock has a 50 day moving average of $46.57 and a 200 day moving average of $45.29. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 20.27 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 released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. Bemis had a return on equity of 17.83% and a net margin of 4.84%. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. The firm’s revenue was up .8% compared to the same quarter last year. Equities analysts predict that Bemis will post $2.37 earnings per share for the current fiscal year.
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A number of large investors have recently bought and sold shares of the stock. State Street Corp increased its holdings in Bemis by 1.7% in the second quarter. State Street Corp now owns 6,345,626 shares of the industrial products company’s stock valued at $293,486,000 after buying an additional 104,558 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Bemis by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,180,235 shares of the industrial products company’s stock valued at $54,593,000 after buying an additional 38,853 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in Bemis by 8.6% in the second quarter. Deprince Race & Zollo Inc. now owns 763,621 shares of the industrial products company’s stock valued at $35,317,000 after buying an additional 60,787 shares during the last quarter. LSV Asset Management increased its holdings in Bemis by 5.3% in the second quarter. LSV Asset Management now owns 700,400 shares of the industrial products company’s stock valued at $32,393,000 after buying an additional 35,200 shares during the last quarter. Finally, Marshall Wace North America L.P. increased its holdings in Bemis by 1,361.1% in the second quarter. Marshall Wace North America L.P. now owns 666,999 shares of the industrial products company’s stock valued at $30,682,000 after buying an additional 621,350 shares during the last quarter. 75.88% of the stock is currently owned by hedge funds and other 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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