Bemis Company, Inc. (NYSE:BMS) has received an average rating of “Hold” from the fifteen analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $49.44.
A number of research firms have weighed in on BMS. Zacks Investment Research upgraded Bemis from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. KeyCorp reiterated a “hold” rating on shares of Bemis in a research note on Tuesday, October 24th. Robert W. Baird restated a “hold” rating and set a $48.00 target price on shares of Bemis in a research report on Friday, September 1st. SunTrust Banks restated a “hold” rating and set a $47.00 target price (down from $49.00) on shares of Bemis in a research report on Thursday, September 14th. Finally, Barclays raised their target price on Bemis from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, October 30th.
A number of hedge funds have recently bought and sold shares of BMS. Marshall Wace North America L.P. boosted its holdings in Bemis by 1,361.1% in the 2nd quarter. Marshall Wace North America L.P. now owns 666,999 shares of the industrial products company’s stock worth $30,682,000 after buying an additional 621,350 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in Bemis in the 3rd quarter worth about $13,671,000. PGGM Investments boosted its holdings in Bemis by 169.4% in the 3rd quarter. PGGM Investments now owns 366,664 shares of the industrial products company’s stock worth $16,709,000 after buying an additional 230,554 shares during the last quarter. Epoch Investment Partners Inc. boosted its holdings in Bemis by 63.6% in the 2nd quarter. Epoch Investment Partners Inc. now owns 552,534 shares of the industrial products company’s stock worth $25,555,000 after buying an additional 214,801 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Bemis by 28.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 632,205 shares of the industrial products company’s stock worth $28,807,000 after purchasing an additional 141,746 shares in the last quarter. Institutional investors own 75.79% of the company’s stock.
Bemis (NYSE:BMS) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.05. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. Bemis had a return on equity of 17.83% and a net margin of 4.84%. The company’s revenue was up .8% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. sell-side analysts expect that Bemis will post 2.37 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Wednesday, November 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.56%. The ex-dividend date is Tuesday, November 14th. Bemis’s payout ratio is 57.14%.
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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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